Summary of the Market
On February 13, the benchmark Nifty Index fell by 0.06% to close at 23031.4. The Nifty Midcap150 Index rose by 0.16% to close at 18766.8. The Nifty Smallcap250 Index fell by 0.35% to close at 14997.5. The Nifty Total Market Index fell by 0.04% to close at 11764.5.The 10yr yield rose by 2 bps to close at 6.75%. The rupee lost 0.11% to close at 86.98 against the US Dollar.
Important Notables
- India's merchandise trade deficit narrowed to $20.88 billion in January 2025 from $21.94 billion in December 2024, according to Union Bank of India, reports ET.
- Bond market participants anticipate RBI will raise its OMO purchase amount in upcoming auctions amid a liquidity deficit of around ₹2 trillion, reports BS.
- India will provide 1 lakh care workers annually to the global labor market over the next two years to address workforce shortages in aging economies, says Ved Mani Tiwari, CEO of NSDC, reports BS.
- Corporate India is set for annual salary hikes of 6-15% in 2025, with up to 40% increases for roles demanding emerging skills and key leadership positions, reports BS.
- India seeks oil price stability and is comfortable at $70-74 per barrel despite OPEC+ cuts and geopolitical uncertainty, says the Oil Minister, reports Mint.
- Fruit inflation surged to a decade-high of 12.2% in January, even as retail inflation eased to 4.31%, reports Moneycontrol.
- India's CPI inflation dropped to 4.31% in January and is set to ease further in February on lower food prices, with core inflation expected at 3.5-4% for the year, reports Moneycontrol.