Indian equity markets ended the week on a mixed note, with benchmark indices declining for the second straight week while broader markets, led by midcaps and select financial stocks, posted modest gains amid heightened volatility and global cues.
The BSE Sensex fell 182 points to close at 81,451 on Friday, while the NSE Nifty dropped 83 points to settle at 24,751, marking a weekly decline of 0.3% each for both indices. The weakness in the headline indices contrasted with the broader market action, as the Nifty Midcap 100 index ended the week over 1% higher, reflecting continued investor interest in mid-sized companies. The Nifty Bank index also showed resilience, advancing nearly 1% over the week, with a 204-point gain on Friday to close at 55,750.
Market breadth was largely neutral on the day, with the NSE advance-decline ratio at 1:1. Still, 35 of the Nifty 50 constituents ended the week with losses. Among the worst weekly performers were ITC and UltraTech Cement, which faced pressure amid sectoral rotation and valuation concerns. Conversely, Trent, IndusInd Bank, Adani Ports, and State Bank of India
In the midcap segment, Cummins India led the gains after strong quarterly results, while Life Insurance Corporation (LIC), Strides Pharma, NBCC, and BSE also saw sharp upward moves. BSE Ltd surged over 8% during the week to become the top Nifty gainer, buoyed by robust earnings and continued traction in equity volumes on the exchange.
Friday's session was marked by high volatility, driven by mixed global signals and sector-specific earnings. Suzlon Energy rallied 9% after its Q4 profit exceeded market expectations, reinforcing investor confidence in the renewable energy sector. Muthoot Finance gained over 7% following a recommendation from the Department of Financial Services (DFS) that urged the Reserve Bank of India (RBI) to offer greater protection for small gold loan borrowers.
PSU banks saw a notable recovery on Friday, with Punjab National Bank rebounding 5% from intraday lows, helping the sector notch a 3% gain overall. Canara Bank and PNB led the Nifty Bank's outperformance.
On the downside, metal stocks faced renewed selling pressure amid lingering concerns over U.S.-China trade tariffs, with Hindalco declining over 2%. The auto sector also faced headwinds; Bajaj Auto dropped more than 3% following a cautious outlook from management.
In the broader market, several stocks declined sharply after weak Q4 results. Ola Electric fell 4% after reporting a wider net loss. PNC Infratech declined 4% following an 81% fall in quarterly profit, while Mazagon Dock Shipbuilders dropped 7% as net profit plunged 51%. SJVN also tumbled 6% after slipping into a loss in Q4.
Healthcare names were under pressure as well. Alkem Laboratories fell 4% due to margin compression, while Shalby declined 5% after reporting a sequential widening of losses and narrowing of margins.
The BSE Sensex fell 182 points to close at 81,451 on Friday, while the NSE Nifty dropped 83 points to settle at 24,751, marking a weekly decline of 0.3% each for both indices. The weakness in the headline indices contrasted with the broader market action, as the Nifty Midcap 100 index ended the week over 1% higher, reflecting continued investor interest in mid-sized companies. The Nifty Bank index also showed resilience, advancing nearly 1% over the week, with a 204-point gain on Friday to close at 55,750.
Market breadth was largely neutral on the day, with the NSE advance-decline ratio at 1:1. Still, 35 of the Nifty 50 constituents ended the week with losses. Among the worst weekly performers were ITC and UltraTech Cement, which faced pressure amid sectoral rotation and valuation concerns. Conversely, Trent, IndusInd Bank, Adani Ports, and State Bank of India
emerged as top gainers in the Nifty basket, benefiting from strong institutional buying and improving fundamentals.
In the midcap segment, Cummins India led the gains after strong quarterly results, while Life Insurance Corporation (LIC), Strides Pharma, NBCC, and BSE also saw sharp upward moves. BSE Ltd surged over 8% during the week to become the top Nifty gainer, buoyed by robust earnings and continued traction in equity volumes on the exchange.
Friday's session was marked by high volatility, driven by mixed global signals and sector-specific earnings. Suzlon Energy rallied 9% after its Q4 profit exceeded market expectations, reinforcing investor confidence in the renewable energy sector. Muthoot Finance gained over 7% following a recommendation from the Department of Financial Services (DFS) that urged the Reserve Bank of India (RBI) to offer greater protection for small gold loan borrowers.
PSU banks saw a notable recovery on Friday, with Punjab National Bank rebounding 5% from intraday lows, helping the sector notch a 3% gain overall. Canara Bank and PNB led the Nifty Bank's outperformance.
On the downside, metal stocks faced renewed selling pressure amid lingering concerns over U.S.-China trade tariffs, with Hindalco declining over 2%. The auto sector also faced headwinds; Bajaj Auto dropped more than 3% following a cautious outlook from management.
In the broader market, several stocks declined sharply after weak Q4 results. Ola Electric fell 4% after reporting a wider net loss. PNC Infratech declined 4% following an 81% fall in quarterly profit, while Mazagon Dock Shipbuilders dropped 7% as net profit plunged 51%. SJVN also tumbled 6% after slipping into a loss in Q4.
Healthcare names were under pressure as well. Alkem Laboratories fell 4% due to margin compression, while Shalby declined 5% after reporting a sequential widening of losses and narrowing of margins.
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