As the Indian market witnessed a whirlwind of events and developments from the 12th to the 17th of February, it’s crucial to take stock of the significant occurrences and their impact. From fluctuations in key indices to policy announcements and corporate earnings reports, the week had a lot to offer. Here’s a recap of the Indian market’s weekly performance (12 Feb to 17 Feb). Find out all Indian market weekly news, real estate, IPO, NRI news, and updates in this blog.
Indian Market Weekly Recap
| 1-week Return | 5-year Return | Index Closure | |
| Nifty | 1.19% | 105.52% | 22040.70 |
| Sensex | 1.42% | 101.91% | 72426.64 |
| Nifty Bank | 1.64% | 73.11% | 46384.85 |
| Nifty Midcap 100 | 0.50% | 203.01% | 49131.95 |
| Nifty Smallcap 100 | -0.46% | 182.75% | 16194 |
| Nifty IT | 2.06% | 143.29% | 38477.05 |
Also read: Is India’s GDP $4 Trillion Already? Not yet, But it’s Closer Than Ever
Indian Public Stock Market
- Goldman Sachs Economist: India’s economic growth is likely to exceed 6% for the decade, driving more investments from China. India’s demographics & strong public spending driving growth.
- India-UAE Agreement: India and UAE are optimistic about elevating bilateral trade to $100 Bn ahead of the target year 2030. India is UAE’s 2nd largest trading partner, with bilateral trade rising to $85 Bn in 2022-23.
- Morningstar: FPI value in Indian equities reached $738 Bn in Dec-23, 13% QoQ surge driven by strong performance of domestic stock market
- Heating, Ventilation, Air Conditioning (HVAC) market is projected to reach ~$22 Bn by 2028 driven by energy-efficient system adoption & increasing demand in residential, and commercial sectors
- Seven companies went public this week via IPO, raising ₹363 Cr.
Also read: Indian Equity Market Soars: Nears ₹22,000 Cr Mark with 28% Surge!
Indian Startup Ecosystem
- Centre launched Venture Capital Fund for Scheduled Tribes aiming to boost entrepreneurship among tribals. Beneficiaries can avail investments between ₹10L to ₹5Cr up to 10 years & concessional finance at 4% p.a.
- 27 Indian startups collectively raised $162 Mn. Major allocation to Animal care products and fintech
Also read: India Solidifies Its Position as the Most Preferred Emerging Market: Morgan Stanley
Indian Real Estate Market
- India’s real estate sector is poised to hit $1 Tn by 2030, contributing 13% to the GDP by 2025. Residential property market reached a record $42 Bn, a robust 48% YoY increase in FY23.
- SEBI: Indian MSM REITs provide investors to participate in the commercial real estate market with Min. asset size of ₹25 Cr. Min. ticket size of ₹10L provides accessibility to retail investors.
NRI Corner
SBNRI conducts taxation, investments & repatriation-related sessions regularly to improve awareness of NRI-related topics. 10,000+ NRIs have benefitted from our sessions. Check out our recent AMA on “Decoding NRI/OCI Taxation”
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