Broad based growth
Comparison of indices – closing 27th December vs 20th December
A broader growth is visible, with Nifty50 closing marginally (-0.2%) below last Friday’s closing but Midcap gained 0.6% and Smallcap gained 1.1%. Amongst sectoral indices, Media +1.6% and Realty 1.4% made gains. FMCG -0.7% and IT -0.4% ended lower .
Market Updates:
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Net NPAs of banking sector likely to improve to 3.2% by FY20 end: ICRA – NPAs of the banking sector are likely to improve to 3.2-3.3% by the end of FY20 from 3.8% in FY19 on account of better recoveries and declining slippages.
- Launch of new prepaid instrument by RBI – RBI has introduced a new semi-closed prepaid payment instrument (PPI) which can be used for transaction of goods and services up to a limit of Rs 10,000. These PPIs shall be reloadable in nature and issued in card or electronic form.
- Govt to infuse another Rs 15 lakh crore in highways sector in 5 years: Gadkari – Nitin Gadkari has said that the government will infuse another Rs 15 lakh crore in highways sector alone in this five-year term to provide world-class roads including 22 green expressways.
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