WEEKLY REPORT
Indian benchmark indices erased some of the previous week’s gains and ended the week in the red, led by weak global cues and continued selling in the IT names amid growing concerns over the impact of artificial intelligence.
This week, the BSE Sensex declined 953.64 points, or 1.14 percent, to close at 82,626.76, while the Nifty50 shed 222.6 points, or 0.86 percent, to end at 25,471.10.
During the week, Tata Consultancy Services recorded the steepest erosion in market capitalisation, followed by Infosys, HDFC Bank, and Reliance Industries. On the other hand, State Bank of India, Bajaj Finance, and Larsen & Toubro witnessed an increase in their market capitalisation.
Sectoral performance remained mixed during the week, with heavy selling seen in technology stocks. The Nifty IT index declined more than 8 percent, Nifty Energy, Oil & Gas, and FMCG indices slipped nearly 2 percent. On the other side, the Nifty Media index surged 5 percent, Nifty PSU Bank, Consumer Durables, and Defence indices advanced roughly 3 percent each.
Among the broader market indices, all BSE Large-cap, BSE Mid-cap index, and the Small-cap indices slipped -0.60, -0.40, and +0.80 percent, respectively, this week.
Foreign Institutional Investors (FIIs) turned net sellers during the week after offloading equities in Friday’s session, reversing their buying trend seen in the first four trading sessions. Overall, FIIs sold equities worth Rs 4,019.09 crore during the week. In contrast, Domestic Institutional Investors (DIIs) extended support to the market, with net purchases of Rs 6,883.81 crore.
The Indian rupee ended marginally higher for the second consecutive week, closing at 90.64 per dollar on February 13, compared to 90.66 on February 6. During the week, the domestic currency traded within a range of 90.37 to 90.78.
ECONOMY
Indian Bond Traders Seek Buybacks as Yields Rise
Indian government bond yields have climbed despite a debt-switch operation, leading bond market participants to call for government buybacks to help bring down elevated long-term rates. Traders cited weak demand and heavy supply as drivers of rising yields, with some suggesting buybacks of 2027-maturing bonds using surplus government cash to support sentiment.
Russia’s Central Bank Cuts Interest Rate by 50 bps
The central bank of Russia cut its key interest rate by 50 basis points to 15.5% on Friday and signalled that rates could fall further in a bid to support the slowing wartime economy. The surprise move aims to boost growth amid high borrowing costs and inflation pressures, reflecting Moscow’s effort to stimulate economic activity despite global uncertainties.
STOCKS IN NEWS
Infosys
The shares of the Indian IT company Infosys fell over 9 percent, this week, along with other IT shares, accompanying Wall Street peers after the better-than-expected January jobs report failed to boost investor sentiment with unemployment rate falling unto 4.3%, and concerns around AI-led disruptions.
Prestige Estates Projects
Shares of real estate firm Prestige Estates Projects declined over 5 percent over the week in line with weakness in information technology (IT) stocks, as concerns over disruption from artificial intelligence-driven automation have weighed on IT companies.
Samvardhana Motherson
Automotive components manufacturer Samvardhana Motherson shares went up over 8 percent over the week, after the company reported a consolidated net profit of Rs 1,024 crore for Q3 FY26, marking a 16.5 percent year-on-year (YoY) increase from the Rs 879 crore net profit reported in Q3 FY25.
Eicher Motors
Royal Enfield parent Eicher Motors shares climbed over 13 percent this week after reporting a bigger-than-expected quarterly profit, helped by strong domestic sales of its Royal Enfield motorcycles. Eicher Motors powered auto index 1.9% higher and was the biggest percentage gainer on the Nifty 50 index.
Shadowfax Technologies
Shares of Shadowfax Technologies hiked almost 8 percent this week, after the company reported a consolidated net profit of Rs 34.86 crore for the October-December quarter of the ongoing financial year 2026 on February 12. This marks a whopping 440 percent year-on-year (YoY) increase from the Rs 6.46 crore net profit reported in the same period of the previous financial year.
Source – Moneycontrol, Reuters
