Weekly market update, Feb 21, 2025

The Indian benchmark indices, the Nifty 50 and Sensex extended losses to second week in row, and dragged by FII outflows, global tariff concerns and lack of positive domestic triggers. This week, the Nifty 50 and Sensex ended lower by 0.58% and 0.83%, respectively. The broader indices, the BSE Midcap and SmallCap ended 1.62% and 0.98% higher, respectively. On sectoral front, it was mixed. Metals, energy, and realty outperformed in the week, while auto, pharma, and FMCG were the top laggards. 

Analysts expect that the upcoming week is expected to be subdued, with a shortened trading period as the stock market will be closed on Feb. 26 for Maha Shivratri. India’s latest GDP data is set to be released this week, along with key economic data from South Korea, Japan, and Australia. India’s GDP data will be released on Feb. 28. India’s GDP data may show growth rebounded in the third quarter, but Bloomberg estimates still put it below potential. Lower borrowing costs and income-tax cuts should provide a boost going forward.

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