Indian equity markets concluded the week on a strong note, buoyed by significant gains in the banking sector and a select few heavyweight stocks. The BSE Sensex registered an increase of 232 points, closing at 75,415, while the NSE Nifty 50 rose by 65 points to settle at 23,719. The Nifty Bank index notably outperformed broader benchmarks, climbing 616 points to finish at 54,055. Additionally, the Midcap index experienced a positive shift, adding 89 points to close at 61,389. Despite the overall upward trend, markets experienced some volatility, with intraday gains diminishing on Friday due to weaknesses in sectors such as healthcare, FMCG, and energy.
The week saw the Nifty IT and Realty indices emerge as the standout performers, each appreciating by up to 4 percent. Conversely, PSU-focused indices underperformed, posting a decline of nearly 2 percent during the same timeframe. Key gainers from the Nifty included Grasim Industries, Wipro, Infosys, Trent, and Hindalco Industries. On the flip side, notable laggards included Tata Steel, Power Grid Corporation of India, Tata Consumer Products, Oil and Natural Gas Corporation, and Hindustan Unilever, reflecting a mixed performance across different sectors.
In the midcap segment, stocks such as Tata Communications, IRB Infrastructure Developers, Tata Technologies, Coforge, and Aditya Birla Fashion and Retail reported gains, contrasting with declines in PI Industries, Newgen Software Technologies, Zee Entertainment Enterprises, Mahindra & Mahindra Financial Services, and Delhivery. Friday’s trading session concluded positively; however, the market could not maintain stronger intraday momentum. The Indian rupee showed resilience, recovering over 40 paise against the US dollar to close at 95.68, marking a one-week high compared to 96.20 in the previous session. This recovery represents a 1.3 percent increase from its recent low of 96.96.
From the Sensex constituents, stocks such as Trent, Shriram Finance, Axis Bank, ICICI Bank, Wipro, and Asian Paints emerged as significant gainers. Conversely, Max Healthcare Institute faced a nearly 6 percent decline following disappointing quarterly earnings, while Sun Pharmaceutical Industries dropped by almost 3 percent due to results that fell short of market expectations. ITC's shares slipped 2 percent amid concerns regarding cigarette volumes, and Maruti Suzuki India faced a downturn after announcing a price increase of up to Rs 30,000 effective from June 2026. Among individual gainers, Rashtriya Chemicals and Fertilizers surged by 4 percent following an impressive 81.6 percent year-on-year rise in EBITDA, while GAIL (India) experienced a 3 percent gain despite weaker quarterly earnings. Overall, the market breadth remained balanced, with the NSE advance-decline ratio standing at 1:1, indicating a mix of both gaining and losing stocks throughout the session.