Nicobar Infra Project gets a go-ahead, Adani to invest $100 billion in data centres, & more - Groww Digest

Tuesday, 17 February 2026

Feb 17, 2026

Markets opened below yesterday’s closing point.

PSU bank stocks and IT stocks rose the most today. Metal stocks and realty stocks fell the most.

Global markets: the US markets were closed on the occasion of ‘Washington’s Birthday’. Asian markets showed a mixed trend. Most European markets were flat (as of 6 pm IST).

News

SEBI has proposed to review the price band and base price for ETFs to reduce volatility and better reflect underlying market prices.
The National Green Tribunal gave the go ahead for India’s Great Nicobar Infrastructure Project worth around Rs 80,000 to 90,000 crore. The project has been delayed since 2023 due to several environmental concerns.
Tamil Nadu signed 2 MoUs totaling Rs 5,980 crore with Aequs Group and Japan’s MinebeaMitsumi for investments in the aerospace and semiconductor sectors.

Stocks Updates

Adani Enterprises: announced a $100 billion investment to build renewable-powered AI data centres in India by 2035. It also incorporated a step-down subsidiary, Navi Mumbai Power Transmission Ltd.
Reliance: company subsidiary, Reliance Consumer Products, formed a majority-owned joint venture with Nigeria’s TGI Group to expand its FMCG business into the Nigerian market.
NTPC: declared commercial operation of an additional 5 MW at NSPCL’s Maroda Reservoir-I solar project in Chhattisgarh.
Info Edge (Naukri): approved a Rs 30 crore investment in its wholly-owned subsidiary, Startup Investments (Holding) Ltd, to fund tech investments and AIF contributions.
Airtel: company subsidiary, Airtel Money Ltd, received RBI approval to operate as a Type II non-deposit accepting NBFC.

Word of the Day

Sovereign Debt

It is the money borrowed by a country’s government

Governments borrow when their spending is higher than their revenue, usually through government bonds.

The money is used for infrastructure, welfare schemes, defence, development projects, etc.

If sovereign debt becomes too high, it can strain the country’s finances and affect its currency, inflation, and credit rating.

6 Day Course

Theme: mistakes made by experienced investors
Day 2: Tuesday

Some experienced investors start relying on their tools a bit too much.

Let’s say an investor uses a few ratios to find if a stock is overvalued or undervalued.

Then he might really trust these ratios a bit too much. Which means, he might treat the ratios’ values with a lot of strictness.

Example: “A PE ratio of 18 is a good point to buy this stock.” Now, if the stock’s PE ratio falls from 38 to 19, the stock might be in a very tempting zone. But the investor might be set that he will buy only if it falls below 18.

This level of precision is usually not practical in the stock markets.

There are various kinds of numbers and factors involved. Investors must understand that these numbers are representative and may not always behave like an exact science.