Indian equity benchmarks ended the week lower, weighed down by heavy selling in IT stocks and fading hopes of near-term US rate cuts after stronger-than-expected US jobs data. Markets had begun the week on a firm footing, supported by FII inflows, optimism around the India–US trade agreement and positive Asian cues, but sentiment turned cautious mid-week ahead of key global triggers.
In the week ended on Friday, 13 February 2025, the S&P BSE Sensex tanked 953.64 points or 1.14% to settle at 82,626.76. The Nifty 50 index fell 222.6 points or 0.86% to settle at 25,471.10. The BSE 150 Mid-Cap index fell 1.58% to close at 16,030.52. The BSE 250 Small-Cap index declined 1.50% to close at 6,350.84.
Weekly Index Movement:
The key equity benchmarks closed sharply higher on Monday. The S&P BSE Sensex jumped 485.35 points or 0.58% to 84,065.75. The Nifty 50 index rallied 173.60 points or 0.68% to 25,867.30.
The key equity benchmarks closed with moderate gains on Tuesday. The S&P BSE Sensex, jumped 208.17 points or 0.25% to 84,273.92. The Nifty 50 index rallied 67.85 points or 0.26% to 25,935.15.
The key domestic indices ended almost flat on Wednesday. The S&P BSE Sensex declined 40.28 points or 0.05% to 84,233.64. The Nifty 50 index rose 18.70 points or 0.07% to 25,953.85.
Benchmark indices closed sharply lower on Thursday. The S&P BSE Sensex declined 558.72 points or 0.66% to 83,674.92. The Nifty 50 index fell 146.65 points or 0.57% to 25,807.20.
The key equity benchmarks ended sharply lower on Friday. The S&P BSE Sensex, tumbled 1,048.16 points or 1.25% to 82,626.76. The Nifty 50 index tanked 336.10 points or 1.30% to 25,471.10.
Economy:
India's retail inflation stood at 2.75% in January 2026 under the new Consumer Price Index (CPI) series with base year 2024=100. The corresponding inflation rates were 2.73% for rural areas and 2.77% for urban areas. This is the first retail inflation released by the government under the new CPI series.
Meanwhile, the central government’s net direct tax collections, after accounting for refunds, stood at Rs 19.43 lakh crore so far this fiscal year, up 9.4% from a year earlier. Net corporate tax collection rose 14.51% to Rs 8.90 lakh crore, while taxes from non-corporates, including individuals and Hindu Undivided Families (HUFs), rose 5.91 % to about Rs 10.03 lakh crore.
India-Malaysia sign key agreements:
Prime Minister (PM) Narendra Modi visited Malaysia from 7 February to 8 February 2026 and held bilateral talks with Malaysian PM Anwar Ibrahim. The wide-ranging talks during the two-day official visit, marked a significant step in strengthening the Comprehensive Strategic Partnership between India and Malaysia.
India and Malaysia has signed 11 Memorandums of Understanding (MoUs) and exchanged several bilateral documents across a broad range of sectors during Prime Minister Narendra Modi’s two-day official visit to Kuala Lumpur. The agreements, signed in the presence of PM Modi and his Malaysian counterpart Anwar Ibrahim following delegation-level talks, span trade and investment, semiconductors, digital economy, healthcare, security cooperation and peacekeeping, officials said.
The two leaders launched Malaysia-India Digital Council (MLDC) and backed NPCI–PayNet payment link, paving way to introduce India's Unified Payments Interface (UPI) system in Malaysia. This initiative will simplify cross-border payments for businesses and travellers and strengthen financial ties between the two economies.
Stocks in Spotlight:
State Bank of India has rallied 12.41%. The bank reported 24.49% jump in net profit to Rs 21,028 crore on a 9.69% increase in total income to Rs 1,40,915 crore in Q3 FY26 as compared with Q3 FY25. The bank has received a one-time dividend income of nearly Rs 2,200 crore from SBI Mutual Fund during the quarter, along with treasury gains of approximately Rs 3,280 crore.
Kalyan Jewellers India zoomed 10.04%. The company’s consolidated net profit surged 90.24% to Rs 416.29 crore in Q3 FY26, supported by a 42.17% increase in revenue from operations to Rs 10,343.4 crore compared to the same period last year.
Atul Auto surged 11.40%. The company’s consolidated net profit zoomed 98.06% to Rs 15.35 crore in Q3 FY26 as against Rs 7.75 crore posted in Q3 FY25. Total revenue from operations grew by 18.39% year-on-year (YoY) to Rs 230.86 crore in the quarter ended 31 December 2025.
Sterlite Technologies rose 14.70%. The company said its board approved the issuance of up to 45.3 crore convertible warrants to promoter Twin Star Overseas on a preferential basis at Rs 110 per warrant, aggregating Rs 498.3 crore. Each warrant is convertible into one equity share within 18 months from the date of allotment. On a fully diluted basis, Twin Star Overseas’ shareholding is expected to increase to 47.75% from 42.9%, subject to full conversion of the warrants and shareholder approval. As on December 2025, total promoter shareholding in the company stood at 44.44%.
Shanti Gold International soared 6.06%. The company reported a 127.97% rise in net profit to Rs 40.08 crore in Q3 FY26 from Rs 17.58 crore recorded in Q3 FY25. Revenue from operation for Q3 FY26 stood at Rs. 636.93 crore, as against Rs. 303.22 crore in Q3 FY25, reflecting a 110.06% growth on a year-on-year basis.
Eicher Motors rallied 12.44%. The company reported a 21.38% year-on-year (YoY) increase in consolidated net profit to Rs 1,420.61 crore in Q3 FY26, compared with Rs 1,170.50 crore posted in Q3 FY25. Total revenue from operations surged 22.94% year-on-year (YoY) to Rs 6,114.04 crore in the quarter ended 31 December 2025.
Mahindra & Mahindra (M&M) shed 1.22%. The company’s standalone net profit jumped 32.62% to Rs 3,931.30 crore in Q3 FY26 as against Rs 2,964.31 crore reported in Q3 FY25. Total income increased by 26.93% year on year to Rs 39,639.45 crore in the quarter ended 31 December 2025.
Britannia Industries gained 1.26%. The company’s consolidated net profit stood at Rs 679.96 crore in Q3 FY26, up 16.89% YoY from Rs 581.69 crore in Q3 FY25. On a sequential basis, profit rose 3.89% from Rs 654.47 crore in Q2 FY26. Revenue from operations increased 9.45% YoY to Rs 4,885.23 crore, compared with Rs 4,463.30 crore in the year-ago quarter. Sequentially, revenue grew 2.80% from Rs 4,752.17 crore.
Lenskart Solutions surged 10.57%. The company reported 237.9% increase in consolidated net profit to Rs 132.7 crore on a 37.4% rise in revenue to Rs 2,307.7 crore in Q3 FY26 as compared with Q3 FY25.
Global Markets:
The China's consumer price index rose 0.2% in January from a year earlier. That’s below the widely reported forecast of 0.4% increase, a sign of continued deflationary pressure in the absence of stronger stimulus.
In U.S, December retail sales report showed that consumer spending was flat following a 0.6% increase in November, missing the 0.4% monthly gain that was widely expected.
The Bureau of Labor Statistics’ January nonfarm payrolls report showed job growth of 130,000 in January. Media reports suggested that the job growth gains for January were estimated to be around 55,000. Jobs growth in December was downwardly revised to 48,000.