market-summery-11feb

Summary of the Market

On ​​February ​​1​0, the benchmark Nifty Index ​f​ell by 0.76% to close at 23381.6. The Nifty Midcap150 Index fell sharply by 2.08% to close at 19406.9. The Nifty Smallcap250 Index ​fell sharply by 2.13% to close at 15693.6. The Nifty Total Market Index ​​fell by 1.31% to close at 12035.9.The 10yr yield rose by ​​​2 bps to close at 6.75%. The rupee gained 0.05% to close at 87.47 against the US Dollar.

Important Notables

  • ET reports that Jorgan K. Andrews stated the US and India are bolstering their defense trade, collaborating with small startups, defense PSUs, and the private sector.
  • BS reports that the government may tap into the Oil Industry Development Fund to partially finance its fertilizer subsidy program for 2025-26.
  • BL reports that Lok Sabha data shows 66.5% of income tax filers have zero tax liability, nearly doubling in FY25.
  • FE reports that India's consumer inflation likely fell to a five-month low of 4.60% in January, down from 5.22% in December, due to slower food price increases.
  • ​ET reports that Adani Group will invest ₹6,000 crore to establish two 1,000-bed multi-specialty hospitals and medical colleges in Mumbai and Ahmedabad in partnership with Mayo Clinic, according to a statement.
  • ET reports that gold surpassed the ₹85,000 mark for the first time on Monday in the physical market amid fears of a global trade war after US President Donald Trump announced new tariff plans.
  • FE reports that the Centre has released ₹1.11 lakh crore in capex loans to states till January under the interest-free 50-year special assistance scheme for capital expenditure.
  • FE reports that India's consumer inflation likely dropped to a five-month low of 4.60% in January, down from 5.22% in December, due to slower food price increases.

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