Top Stories | Markets log biggest weekly loss of 2025, Q3 GDP meets estimates, new SEBI chief & more
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Indian markets suffered their worst weekly decline of 2025, with the Nifty sinking nearly 3% and midcaps tumbling even more sharply. The Sensex and Nifty are now down 16% from their record highs, while the midcap index has plunged 22%. Investors saw ?9 lakh crore wiped out in a single session as selling pressure mounted.
Meanwhile, India’s Q3 GDP growth came in at 6.2%, in line with expectations but slowing from last year’s 8.6% expansion. The latest data signals resilience despite global uncertainties, with Chief Economic Adviser V. Anantha Nageswaran highlighting India’s outperformance compared to global peers.
In regulatory updates, Tuhin Kanta Pandey has been appointed SEBI’s new chief, taking charge amid evolving market dynamics. On the trade front, European Commission President Ursula von der Leyen said the EU-India free trade agreement could be finalised by 2025, stressing the need for economic cooperation in the face of global headwinds.
Globally, US consumer spending saw its steepest decline in four years despite a surge in personal income, raising concerns over economic sentiment. Meanwhile, Ukraine’s President Zelensky is set to meet Donald Trump to seek security assurances against future Russian aggression.
India’s Q3FY25 GDP growth at 6.2% in line with expectations
India’s Gross Domestic Product (GDP) grew at 6.2% in the third quarter of FY25, in line with street expectations, as per the National Statistics Office (NSO) data released on Friday, February 28. The CNBC-TV18 poll had estimated India's GDP growth in Q3 to come in at 6.2%.?
However, the Q3 GDP number marks a slowdown compared to the 8.6% growth recorded in the same quarter last year but an improvement from 5.4% in the previous quarter.
The gross value added (GVA) stood at 6.2%, slightly below the poll estimate of 6.3%. On a yearly basis, GVA growth was lower than 6.8% YoY but higher than 5.6% in Q2FY25.?
Stock Market Highlights: Markets sink to 2024 lows as Sensex plunges 1,414 points, investors lose ?9 lakh crore
The Indian stock market recorded its biggest weekly fall of 2025, with the Nifty declining nearly 3% amid sustained selling pressure. This marks the sixth week of negative returns in the eight weeks of 2025 so far.
The bearish trend extended into Friday’s session, dragging the Nifty to its lowest level since June 2024. The Sensex and Nifty have now fallen 16% from their record highs, while the midcap index has plunged 22%. The BSE-listed firms collectively lost over ?9 lakh crore in market capitalization in a single day. Market breadth remained weak, with declines firmly outpacing advances.
FIIs dump ?11,639 crore in Indian equities on Friday, accounting for over 50% of weekly outflows
Foreign Institutional Investors (FIIs) pulled out ?11,639 crore in Indian equities on Friday, accounting for more than half of the total sell-off recorded for the week. The total foreign outflows this week amounted to ?22,011.38 crore, with FIIs selling shares on all four trading days.
While the foreign investor sell-off initially began due to stretched valuations and concerns over slowing economic growth, it intensified today because of a sharp sell-off in the United States (US) markets and heightened concerns over potential trade tariffs from US President Donald Trump targeting Mexico and Canada.
Zerodha's Nithin Kamath warns of declining market activity, STT revenue shortfall — here's why
Amid the ongoing stock market volatility, including today's (February 28) significant crash, Zerodha Co-Founder Nithin Kamath pointed to a sharp downturn in the broking industry. He highlighted a "massive drop" in trader activity and trading volumes, which have fallen by more than 30%. For the first time in 15 years, the industry is experiencing degrowth, with securities transaction tax (STT) revenue for FY25-26 expected to fall short by 50% of initial projections.
Meet Tuhin Kanta Pandey, the new SEBI chief
Tuhin Pandey is a 1987-batch IAS officer from the Odisha cadre. He has held several top positions in the central and state governments. He recently served as Finance and Revenue Secretary, where he played a key role in overhauling income tax slabs and revising customs duties in the latest budget.?
Commenting on the new appointment, he said, "Got the order yesterday only. The government has given me this responsibility. Not sure of the exact date of joining. Can’t comment on anything right now. Let me join first and then I can comment."
EU-India trade talks: FTA could be finalised by the end of 2025
European Commission President Ursula von der Leyen on Friday, February 28, said India and Europe must join forces again as the world stands at an inflection point in 2025.
Von der Leyen, addressing a joint press conference with Prime Minister Narendra Modi after a meeting on trade and investment ties, ongoing free trade negotiations, and key geopolitical developments, said, "Both Europe and India, albeit in very different circumstances, understood the need to come together. I believe this is a clarion call for all of us as we stand here in 2025 at another inflection point in history. I do not need to describe the geopolitical and geo-economic headwinds that both the EU and India are confronted with," von der Leyen said.
EPFO board meet Highlights: Panel retains 8.25% interest rate on EPF deposits for 2024-25
The Employees’ Provident Fund Organisation (EPFO) has set the interest rate for the financial year 2024-25 at 8.25%, according to sources. The decision was made during the central board of trustees (CBT) meeting on Friday, February 28.
Following the CBT’s decision, the proposed interest rate will be sent to the Ministry of Finance for approval. Once ratified, the new rate will be credited to the accounts of over seven crore EPFO subscribers.
India Exceeded 7% Growth Rate In Last 3 Fiscals: World Bank
A world bank report has stated that India needs to grow by 7.8% to reach high-income status by 2047 -- we get you a conversation with the organisation's India head.
At meeting with Trump, Zelensky will seek security assurances against future Russian aggression
Ukraine’s leader will meet with President Donald Trump in Washington on Friday at a pivotal moment for his country, one that hinges on whether he can persuade Trump to provide some form of U.S. backing for Ukraine’s security against any future Russian aggression.
During his trip to Washington, President Volodymyr Zelensky’s delegation is expected to sign a landmark economic agreement with the U.S. aimed at financing the reconstruction of war-damaged Ukraine, a deal that would closely tie the two countries together for years to come.
Glacier Burst in Badrinath Dham in Uttarakhand, Over 40 Workers Feared Trapped
57 Border Roads Organisation workers are feared trapped under the snow after a glacier burst in Badrinath. 10 workers have been rescued so far & search operations are in progress to free the remaining workers.?
US consumers tighten belts despite income surge; largest spending drop in 4 years
US consumers reduced their spending by 0.2% last month from December, marking the sharpest monthly decline since February 2021. The Commerce Department data, released on Friday (February 28) suggests that while unseasonably cold weather may have played a role, the pullback also signals growing consumer caution amid rising economic uncertainty, AP reported.
At the same time, personal income jumped 0.9%, well above the estimated 0.3%, driven by wage growth and government benefits. However, despite higher earnings, consumers appeared to hold back on discretionary purchases, potentially reflecting concerns about future economic conditions.
Inflation eased further, with the Personal Consumption Expenditures (PCE) Price Index rising 2.5% year-on-year, down from 2.6% in December. Core PCE, which excludes food and energy, fell to 2.6%, the lowest level since June 2023, from 2.8% previously, the AP report highlighted.
India Q3 GDP Data Highlights: India’s growth rate outshines global peers, says CEA
Chief Economic Adviser V. Anantha Nageswaran highlighted that India's growth rate remains strong compared to both advanced and developing economies.?
Speaking at a briefing following the release of GDP data, he stated that the figures signal a positive growth trajectory for FY26 and beyond.
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