thefiscalalchemist
KF Ace
Market Summary for Jan 16, 2025
The benchmark Nifty Index rose by 0.42% to close at 23311.8 on 16-Jan. The Nifty Midcap150 Index rose by 1.09% to close at 20172.7. The Nifty Smallcap250 Index rose by 1.21% to close at 16707.9. The Nifty Total Market Index rose by 0.79% to close at 12249.3. The 10yr yield fell by 4 bps to close at 6.78%. The rupee lost 0.19% to close at 86.59 against the US Dollar.
Key News
The benchmark Nifty Index rose by 0.42% to close at 23311.8 on 16-Jan. The Nifty Midcap150 Index rose by 1.09% to close at 20172.7. The Nifty Smallcap250 Index rose by 1.21% to close at 16707.9. The Nifty Total Market Index rose by 0.79% to close at 12249.3. The 10yr yield fell by 4 bps to close at 6.78%. The rupee lost 0.19% to close at 86.59 against the US Dollar.
Key News
- Rupee Slips 19 Paise to Close at 86.59 Against Dollar After Brief Rebound, dragged by strong American currency, rising crude oil prices and foreign fund outflows., reports BS
- China's Export Curbs Threaten India's EV and Solar Growth with Supply Chain Disruptions, reports ET
- India's FY25 GDP Growth Projected at 6.4%, CPI Inflation at 4.8% according to FICCI, reports ET
- The Union Cabinet Approves 8th Central Pay Commission for Government Employees and pensioners, reports ET
- India's Palm Oil Imports to Hit 5-Year Low in January Amid Losses stemming from lower domestic prices and high global rates, reports BS
- Income Tax Department Recovers 1,070 Crore from Wrongful Claims made under tax deductions and exemptions, reports BS
- According to trend India's Fuel Demand is projected to grow Petrol Up 6.6%, Diesel 2.8% in FY26
- Bond Yields Drop 4 bps to 6.78% as RBI Assures Liquidity via VRR Auctions, reports BS
