NIPUN - Daily News and Market Round-Up

Aditya Birla Sun Life AMC Limited

NIPUN - Daily News and Market Round-Up

EQUITY MARKET ROUNDUP (Source : NSE India, BSE India)

	05 November 2024	Today 06 November 2024	Change
Nifty Fifty	24213.30	24484.05	270.75
Sensex	79476.63	80378.13	901.50
Nifty MidCap 100	56115.45	57355.80	1240.35
Nifty SmallCap 100	18503.45	18906.10	402.65
Sensex P/E (Trailing)	23.06	23.32	0.26
Nifty Fifty P/E (Trailing)	22.55	22.8	0.25
Nifty MidCap 100 P/E (Trailing)	42.4	43.38	0.98
Nifty SmallCap 100 P/E (Trailing)	34.92	35.72	0.80

DEBT MARKET ROUNDUP (Source : CCIL India)

(Weighted average yeild)	05 November 2024	06 November 2024	Change
Call Rates call rates	6.31	6.34	0.03
Repo	6.17	6.23	0.06
TREP	6.10	6.22	0.12
7.18 Gsec 2033	6.8476	6.8475	-0.0001

Market and Economy

Economy revving but inflation gauge flashing red: RBI’s Das

RBI Governor Shaktikanta Das stated that India's economy remains robust but warned of escalating inflation, potentially surpassing September's 5.5%. He indicated that high inflation might deter interest rate cuts in the upcoming December policy review. Das also highlighted the resilience of India's financial sector and its ability to withstand global economic fluctuations.

Digital payment's rise leads to shutting of ATMs

Indian banks are shutting down more ATMs despite record-high cash circulation. This trend is attributed to the rise of digital transactions and UPI payments. While cash remains significant, ATM numbers have declined, particularly off-site machines. Industry experts point to bank consolidation and the push for digitalization as key drivers.