Amid volatility brought on by a lack of clarity surrounding Trump’s tariff policy, mixed corporate earnings, persistent FII selling, and the rupee’s depreciation versus the dollar, the Indian market ended a two-week winning streak and recorded its largest weekly losses in two months.
While the Nifty50 index dropped 630.67 points, or 2.67%, to finish at 22,929.25 this week, the BSE Sensex dropped 1,920.98 points, or 2.46%, to conclude at 75,939.21.
The BSE Large-cap Index experienced a 3.3% decline, the BSE Mid-cap Index a 7.7% decline, and the BSE Small-cap index a 9.5% decrease.
This week, every sectoral index finished lower. The Nifty Media index plummeted 8%, the Nifty Realty index fell 9.4%, the Nifty Energy index fell 7%, the Nifty Auto index fell 6%, the Nifty Pharma index fell 5.7%, and the Nifty PSU Bank index lost 5.2%.
Domestic Institutional Investors (DII) purchased stocks worth Rs 18,745.02 crore during the week, while Foreign Institutional Investors (FIIs) prolonged their selling by selling stocks worth Rs 19,004.03 crore. However, the DII purchased stocks worth Rs 26,019.07 crore this month, while the FII sold stocks worth Rs 29,183.43 crore.
The Indian rupee fell to a new low of 87.95 throughout the week, but it ended the week 59 paise higher at 86.83 to the dollar on February 14 compared to its closing of 87.42 on February 7.
