Weekly Musings – Index performance for week ended February 14, 2025

17 Feb 2025 , 10:08 AM

The week saw FPI selling of $1,601 Million, taking the cumulative FPI selling in equities in the last 6 weeks to $11 Billion. VIX spiked to 15.02 levels; although it is now the global factors and Trump Tariffs that are the real concerns for the Indian equity markets.

BSE SENSEX 30 INDEX – SELL-OFF ACROSS KEY SECTORS

Date	Open	High	Low	Close
14-Feb-25	76,388.99	76,483.06	75,439.64	75,939.21
13-Feb-25	76,201.10	76,764.53	76,013.43	76,138.97
12-Feb-25	76,188.24	76,459.72	75,388.39	76,171.08
11-Feb-25	77,384.98	77,387.28	76,030.59	76,293.60
10-Feb-25	77,789.30	77,849.58	77,106.89	77,311.80
07-Feb-25	78,119.60	78,356.98	77,475.74	77,860.19
		Weekly Returns		-2.47%

Data Source: BSE

For the week February 14, 2025, Sensex fell -1,921 points or -2.47%. The sharp correction was largely an outcome of the punitive tariffs imposed by Donald Trump. Sensex touched a weekly high of 77,850 and a low of 75,388; making lower highs and lower lows in the week.

NIFTY 50 INDEX – FPI SELLING SPOOKS MARKETS

Date	Open	High	Low	Close
14-Feb-25	23,096.45	23,133.70	22,774.85	22,929.25
13-Feb-25	23,055.75	23,235.50	22,992.20	23,031.40
12-Feb-25	23,050.80	23,144.70	22,798.35	23,045.25
11-Feb-25	23,383.55	23,390.05	22,986.65	23,071.80
10-Feb-25	23,543.80	23,568.60	23,316.30	23,381.60
07-Feb-25	23,649.50	23,694.50	23,443.20	23,559.95
		Weekly Returns		-2.68%

Data Source: NSE

Nifty fell sharply as all heavyweight sectors cracked amidst the tariff wars. For the week to February 14, 2025, Nifty fell -631 points or -2.68%; as the budget and the credit policy had limited impact. Nifty touched a weekly high of 23,569 and a low of 22,775.

NIFTY MID-CAP 100 INDEX – TAKES IT ON THE CHIN

Date	Open	High	Low	Close
14-Feb-25	51,074.30	51,159.25	49,139.85	49,654.15
13-Feb-25	50,856.40	51,556.20	50,669.15	50,881.20
12-Feb-25	50,779.30	51,048.85	49,357.65	50,756.40
11-Feb-25	52,503.85	52,557.30	50,551.95	50,887.95
10-Feb-25	53,620.05	53,675.10	52,305.00	52,471.05
07-Feb-25	53,557.55	53,909.40	53,032.65	53,609.15
		Weekly Returns		-7.38%

Data Source: NSE

For the week to February 14, 2025, Nifty Mid Cap 100 closed -3,955 points lower or -7.38%. Tariff fears hit most of the mid-sized stocks due to their vulnerability. Nifty Mid-cap touched weekly high of 53,675 and a low of 49,140; falling below 50,000 after a long gap.

NIFTY SMALL-CAP 100 INDEX – WORST PERFORMING GENERIC INDEX

Date	Open	High	Low	Close
14-Feb-25	16,013.45	16,033.00	15,254.10	15,407.20
13-Feb-25	16,024.20	16,206.00	15,944.70	15,973.85
12-Feb-25	16,034.85	16,122.45	15,490.10	16,033.00
11-Feb-25	16,617.05	16,632.75	15,968.10	16,074.35
10-Feb-25	16,998.20	17,051.15	16,562.50	16,648.70
07-Feb-25	17,014.35	17,106.70	16,838.20	17,006.85
		Weekly Returns		-9.41%

Data Source: NSE

For the week to February 14, 2025, Nifty Small Cap 100 was down  -1,600 points or -9.41%; making multi-month lows. It will still take some time for confidence to come back. Nifty Small-cap touched a weekly high of 17,051 and a low of 15,254.

BANK NIFTY INDEX – ROUGHLY MIRRORS THE NIFTY MOVEMENT

Date	Open	High	Low	Close
14-Feb-25	49,485.65	49,592.95	48,719.75	49,099.45
13-Feb-25	49,469.35	49,836.10	49,276.10	49,359.85
12-Feb-25	49,402.25	49,702.35	48,734.35	49,479.45
11-Feb-25	49,812.15	49,906.75	49,177.40	49,403.40
10-Feb-25	50,052.50	50,155.65	49,703.10	49,981.00
07-Feb-25	50,484.45	50,641.75	49,871.15	50,158.85
		Weekly Returns		-2.11%

Data Source: NSE

For the week to February 14, 2025, Nifty Bank fell by -1,059 points or -2.11%; as the rate cuts raised fears of compressed NIMs. Banking stocks have continued to be undervalued. The Bank Nifty touched a weekly high of 50,156 and a low of 48,720.

NIFTY IT INDEX – RUPEE STRENGTH SPOOKS THE IT INDEX

Date	Open	High	Low	Close
14-Feb-25	41,547.05	41,606.75	40,958.00	41,311.15
13-Feb-25	41,787.00	41,944.70	41,182.40	41,315.55
12-Feb-25	42,039.50	42,263.05	41,591.20	41,733.00
11-Feb-25	42,616.90	42,790.25	41,866.60	41,968.30
10-Feb-25	42,956.45	42,973.65	42,511.25	42,596.55
07-Feb-25	43,106.15	43,133.35	42,623.45	42,921.65
		Weekly Returns		-3.75%

Data Source: NSE

For the week to February 14, 2025, Nifty IT Index fell sharply by 1,611 points or -3.75%, offsetting gains of the last week. The bounce in the rupee stifled the dollar defensive hope of IT stocks. The IT Index touched a weekly high of 42,974 and a low of 40,958.

NIFTY OIL & GAS INDEX – FLAT CRUDE PRICES FAILS TO CHEER OIL STOCKS

Date	Open	High	Low	Close
14-Feb-25	10,025.80	10,054.45	9,740.40	9,852.20
13-Feb-25	10,059.65	10,130.75	9,972.75	9,997.25
12-Feb-25	10,067.35	10,092.50	9,837.15	10,036.35
11-Feb-25	10,344.05	10,344.05	10,064.55	10,117.75
10-Feb-25	10,482.75	10,498.75	10,281.95	10,317.00
07-Feb-25	10,559.95	10,598.45	10,445.90	10,498.95
		Weekly Returns		-6.16%

Data Source: NSE

For the week to February 14, 2025, Oil & Gas Index fell by -647 points or -6.16%. Concerns over GRM persist, especially in the light of trade tariffs and Russia sanctions. Nifty Oil & Gas Index touched a weekly high of 10,499 and a low of 9,740 levels.

NIFTY AUTO INDEX – TAX BREAKS FAIL TO CHEER UP CONSUMPTION

Date	Open	High	Low	Close
14-Feb-25	22,428.25	22,487.50	21,874.55	22,069.30
13-Feb-25	22,483.25	22,594.65	22,285.10	22,344.30
12-Feb-25	22,544.20	22,573.15	22,099.05	22,407.45
11-Feb-25	23,053.80	23,068.15	22,531.10	22,573.90
10-Feb-25	23,525.85	23,636.30	23,082.20	23,112.65
07-Feb-25	23,407.45	23,545.20	23,193.35	23,459.95
		Weekly Returns		-5.93%

Data Source: NSE

For the week to February 14, 2025, Nifty Auto Index fell by 1,391 points or -5.93%. The much-touted consumption boost in the budget failed to cheer auto stocks. Nifty Auto Index touched a weekly high of 23,636 and a low of 21,875 levels.

NIFTY FMCG INDEX – LOSES NEARLY 9% POST BUDGET DAY

Date	Open	High	Low	Close
14-Feb-25	53,444.70	53,912.60	52,993.35	53,138.55
13-Feb-25	53,713.65	53,944.90	53,221.10	53,314.75
12-Feb-25	53,741.80	53,962.20	53,114.10	53,739.00
11-Feb-25	55,012.10	55,117.20	53,505.60	53,794.25
10-Feb-25	55,081.10	55,513.20	54,657.20	54,856.65
07-Feb-25	55,904.00	56,140.65	54,822.05	55,113.30
		Weekly Returns		-3.58%

Data Source: NSE

For the week to February 14, 2025, FMCG index cracked -3.58%, as urban demand and operating margin concerns remained high. The budget day rally has been more than wiped out. Nifty FMCG Index touched a weekly high of 55,513 and a low of 52,993 levels.