Among the broader market indices, the Nifty Midcap100 ended up 0.91 per cent at 55,106.20 , and the Nifty Smallcap100 ended with gains of 1.09 per cent at 17,864.65. The Nifty sectoral indices showed a mixed trend, with the Nifty Private Bank leading gains at 2.38 per cent, followed by Nifty PSU Bank (1.99 per cent) and Nifty Bank (1.67 per cent).
The committee headed by former RBI deputy governor M K Jain as the chairperson, has five members. Elsewhere, the Ministry of Railways is set to launch freight-cum-passenger trains to enhance its revenue from time-sensitive parcel and small cargo shipments, according to sources familiar with the development. Separately, the government has approved investment proposals worth Rs 3,516 crore from 24 companies in the third round of applications for the production linked incentive (PLI) scheme for white goods, the Department for Promotion of Industry and Internal Trade (DPIIT) announced on Monday.
This was accompanied by a falling rupee against major currencies in 2013, much like the trend observed in the past three months. In that backdrop, at 7:17 AM, GIFT Nifty futures were trading at 23,405, around 5 points ahead of Nifty futures' last close. Most emerging markets (EMs), including India, have experienced volatility ahead of Donald Trump's second term.
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