market-summery-13feb

Summary of the Market

On ​​February ​​12, the benchmark Nifty Index ​f​ell by 0.12% to close at 23045.2. The Nifty Midcap150 Index fell by 0.37% to close at 18766.8. The Nifty Smallcap250 Index ​fell by 0.7% to close at 15050.6. The Nifty Total Market Index ​​fell​ by 0.19% to close at 11768.8.The 10yr yield ​remained unchanged at 6.73%. The rupee ​lost 0.17% to close at 86.89 against the US Dollar.

Important Notables

  • India's CPI-based retail inflation dropped to a 5-month low of 4.31% in January, down from 5.22% in December, driven by easing food prices, reports BS.
  • Retail food inflation fell for the third straight month to a 5-month low of 6.02% in January, down from 8.39% in December, as winter crop arrivals lowered vegetable prices, reports FE.
  • India's industrial output grew 3.2% in December 2024, down from 5.2% in November, according to MoSPI data, reports ET.
  • ONGC plans to double its investments in new energy projects, including wind and power generation, reports BS.
  • ​Mutual fund equity inflows fell 4% last month to ₹39,688 crore from ₹41,156 crore in December amid bearish sentiment and market volatility, reports BL.
  • RBI has removed the restrictions on Kotak Mahindra Bank, imposed in April 2024 over supervisory concerns, reports ET.
  • The Ministry of Corporate Affairs has extended the deadline for private companies to convert physical shares into electronic form until June 2025, reports FE.
  • EPFO is expected to keep the provident fund interest rate above 8% for 2024-25, near last year’s 8.25%, reports ET.

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