AI-generated image
Markets stayed in correction mode during the previous week (February 3-10), with the BSE Midcap and Smallcap indices shedding nearly 3 per cent, while the large-cap-heavy BSE Sensex remained largely flat. This came despite the RBI's repo rate cut aimed at boosting the economy. Persistent headwinds, including the US President's tariff hikes, rupee depreciation and foreign outflows, kept Indian equities under pressure. The Realty index took the biggest hit, sliding 8 per cent, followed by FMCG, which dropped 5 per cent, wiping out most of their budget rally gains.