thefiscalalchemist
KF Ace
Market Summary for Jan 17, 2025
The benchmark Nifty Index fell by 0.47% to close at 23203.2 on 17-Jan. The Nifty Midcap150 Index rose by 0.12% to close at 20195.9. The Nifty Smallcap250 Index fell by 0.04% to close at 16700.5. The Nifty Total Market Index fell by 0.15% to close at 12230.8. The 10yr yield remained unchanged at 6.78%. The rupee lost 0.03% to close at 86.62 against the US Dollar.
Key News
The benchmark Nifty Index fell by 0.47% to close at 23203.2 on 17-Jan. The Nifty Midcap150 Index rose by 0.12% to close at 20195.9. The Nifty Smallcap250 Index fell by 0.04% to close at 16700.5. The Nifty Total Market Index fell by 0.15% to close at 12230.8. The 10yr yield remained unchanged at 6.78%. The rupee lost 0.03% to close at 86.62 against the US Dollar.
Key News
- India set to allow 1 million tons of sugar exports this year, reports Reuters
- India's Kotak Mahindra Bank on Saturday reported a 10% rise in quarterly profit as it boosted lending, although provisions for potential bad loans surged, reports Reuters
- Geological survey indicates presence of lithium in Odisha, reports BS
- Domestic composite materials industry is expected to grow at a 7.8 per cent annual growth rate to reach $2.8 billion by 2030, reports BS
- JSW Steel's entity plans to raise 2,600 crore via a three-year zero-coupon bond to finance its 3,900-crore acquisition of Thyssenkrupp Electrical Steel India, reports ET
- India's passenger vehicle market is projected to surpass 4.5 million units in 2025, reports ET
- Domestic and foreign lenders are vying to offer ₹2,400-crore debt to Digital Edge DC for its Navi Mumbai data center project, reports ET
- Adani Energy Solutions Ltd boosted its order book to Rs 54,700 crore, thereby increasing its market share in TBCB orders to 24%, reports ET