Indian equities head into the next trading week in a mixed and volatile mood, with recent sessions marked by sharp intra-week swings. Sectoral divergence continued to widen. Banking and capital goods stocks provided support, while IT names remained under pressure, highlighting ongoing rotation within the market.
While India's industrial momentum remains healthy, with IIP growing 7.8% in December, the global "risk-off" sentiment is currently the primary driver. Further, the latest U.S. Fed minutes revealed a hawkish tilt despite inflation cooling to 2.4% in January. Conversely, China’s industrial output grew 5.3% in December, offering a sliver of macroeconomic stability.
Given elevated volatility and mixed global cues, the focus could remain on large-caps and earnings-visible themes, as investors continue to closely track currency trends and global risk sentiment for clearer direction.
In India, the M3 Money Supply figures for the fortnight ended on February 14 would be made public on Wednesday (25 February 2026). Money Supply M3 in India increased to Rs 32,10,541 crore in the fortnight ended on January 31 from Rs 27,91,395 crore two weeks before.
On Friday (27 February 2026), the GDP growth rate for the quarter ended on December would be announced. The Indian gross domestic product expanded by 8.2% in the September quarter of 2025 as compared with the previous year. It was the sharpest annual growth rate since the March quarter of 2024, reflecting the resilience of the Indian economy to the 50% tariffs from the United States that were passed in August, aided by an increase in government spending and GST tax cuts to support consumer confidence and private investment.
The Government Budget Value for the period ended in January 2026 would be released. India’s fiscal deficit narrowed to Rs 8.56 trillion in April–December 2025–26, down from Rs 9.14 trillion a year earlier, reaching 54.5% of the government’s full-year target compared with 56.7% in the same period last year.
Lastly, the Infrastructure Output for the month of January would also be unveiled on Friday. The infrastructure output in India rose by 3.7% from the previous year in December of 2025, accelerating from the upwardly revised 2.1% increase in the previous month to mark the sharpest pace of growth since the 15-month high from August.
In China, the one-year and the five-year loan prime rate would be announced on Tuesday (24 February 2026). The People’s Bank of China (PBoC) kept key lending rates at record lows for an eighth consecutive month in January. The one-year loan prime rate (LPR) remained at 3.0%, while the five-year LPR was unchanged at 3.5%.
The year-to-date (YTD) FDI for the period ended in January would also be released on the same day. The foreign direct investment (FDI) into China fell 9.5% to CNY 747.77 billion in 2025, following a sharp 24.7% decline in 2024 and marking the third consecutive year of contraction.
In the United States, the Dallas Fed Manufacturing Index for the month of February would be announced on Monday (23 February 2026). The Dallas Fed’s general business activity index for Texas manufacturing increased 10 points to (-1.2) in January 2026, reversing from December’s contraction value of (-11.3). The outlook index rebounded into positive territory at 2.9, indicating an improvement in perceptions of broader business conditions.
On Tuesday (24 February 2026), the ADP Employment Change Weekly figures would be announced. US private employers added an average of 10,250 jobs per week in the four weeks ending January 31, 2026, up from 7,750 in the previous period, according to ADP Research.
The S&P/Case-Shiller Home Price for the month of December 2024 would be announced on the same day. The Case-Shiller 20-City Home Price Index rose 1.4% year over year in November 2025, slightly above October’s 1.3% gain.
On Wednesday (25 February 2026), the API Crude Oil Stock Change for the week ended on February 20 would be unveiled. US crude oil inventories fell by 0.61 million barrels in the week ended February 13th, 2026, slightly paring a 13.4 million-barrel surge in the prior week which marked the sharpest increase since January 2023.
On Thursday (26 February 2026), the Initial Jobless Claims data for the period ended on February 21 would be released. The initial jobless claims in the US fell by 23,000 from the previous week to 206,000 on the second week of February to swing back to levels that are well below the average through the start of last year.
On Friday (27 February 2026), the Producer Price Inflation figures for January 2026 would be unveiled. The US producer prices rose 0.5% month-on-month in December 2025, the largest gain in three months, accelerating from a 0.2% increase in November.