WEEKLY REPORT
Indian equity indices ended a volatile week on a positive note,
The Sensex was up 120.15 points or 0.38 percent at 82,814.71, and the Nifty climbed 116.90 points or 0.46 percent at 25,571.25.
Top gainers – PNB, Canara Bank, Union Bank, Indian Bank and Bank of Baroda
Top losers – BSE Limited, Inox Wind , Angel One, Persistent and Info Edge
Among the sectoral indices, ETF, ELectricals, Power and Infrastructure ended the week in gree, while Retail, Media, IT, and Metals ended the week in red.
The BSE midcap index was up 0.5 percent and smallcap index ended marginally lower on Friday.
The Indian rupee went down beyond the 91 mark this week and ended lower on February 20 at 90.99, compared to 90.51 on February 13.
ECONOMY
Govt Weighs Higher Support for Offshore Wind
The Indian government is considering increasing financial support for offshore wind projects to improve their commercial viability. It has roped in the World Bank and KPMG to assess whether the current viability gap funding needs to be enhanced. The review aims to address high project costs and draw stronger private sector interest. Officials see this as key to accelerating offshore wind capacity under India’s renewable energy push. Policy decisions are likely to follow after the assessment.
Canada’s Trade Deficit Narrows as Exports to U.S. Decline
Canada’s trade deficit narrowed in December as imports declined faster than exports. Exports fell for a third consecutive month, with shipments to the United States continuing to shrink. The U.S. share of Canada’s total exports dropped further, reflecting softer cross-border demand. Imports also weakened, signalling slower domestic spending and business activity. The data points to ongoing trade headwinds for Canada heading into 2026.
STOCKS IN NEWS
Dixon Technologies
Shares of Dixon Technologies (India) Ltd fell over 5.5 percent over the week, after CLSA downgraded the rating, following a prolonged phase of underperformance. The global brokerage flagged mounting risks from rising memory prices amid AI-led demand and deteriorating medium-term growth visibility.
Ola Electric Mobility
The shares of Ola Electric Mobility tumbled almost 10 percent over the week after the company released its results for the October-December quarter of the ongoing financial year 2026. The company reported consolidated revenue from operations at Rs 470 crore for Q3 FY26. This marks a 55 percent year-on-year (YoY) fall from the Rs 1,045 crore revenue from operations reported in the same period of the previous financial year.
ONGC
The shares of oil refinery Oil and Natural Gas Corporation (ONGC) gained over 3.5 percent this week as crude oil prices rose amid a rise in global geopolitical tensions between the US and Iran, as it has become potential for imminent U.S. action against Iran
Dilip Buildcon
Dilip Buildcon’s share price rose almost 6 percent this week after the company announced that it had been declared the lowest bidder for a tender floated by the Narmada Water Resources, Water Supply & Kalpasar Department, Government of Gujarat.
Inox Wind
Shares of Inox Wind dropped over 5 percent over the week. This comes despite the company posting an over 14 per cent rise in consolidated net profit to ₹126.65 crore in the December quarter. But the company is said to have delivered well below expectations.
Source – Moneycontrol, Reuters
