Indian equities faced a sharp downturn the previous week (February 10-17), with the BSE Sensex, Midcap, and Smallcap indices declining 2 per cent, 6 per cent and 10 per cent, respectively. The correction in Indian markets persisted, even as global markets remained largely positive. The SME IPO and Realty indices were among the weakest performers (alongside the Smallcap index), falling 11 per cent and 8 per cent, respectively.