Domestic frontlines Nifty 50 and Sensex galloped a sharp four percent in trade over the past five sessions this week, as market participants shrugged off geopolitical concerns and foreign institutional investors poured money into domestic equities.
Over the past week, the Nifty 50 index climbed 4.2 percent, while the 30-pack Sensex rose around 3.6 percent. However, the broader markets stole the limelight, as Nifty MidCap 100 surged 7.3 percent, recording its biggest weekly gain in the last two months, while the Nifty SmallCap 100 rallied 9.2 percent.
Out of the Nifty 50 stocks, 47 counters closed the week in the green. The top gainers in the Nifty pack included BEL, Adani Enterprises, Hero MotoCorp, Jio Financial, and Shriram Finance. In the midcap space, Intellect Design, NBCC, Angel One, IRFC, and SJVN were among the top gainers on the index.
On the sectoral front, the Nifty Defence Index led the rally, soaring 11 percent, followed by Realty (up 10.9 percent), and Metal (up 9.22 percent). PSU Banks, Auto, and IT indices each posted gains of nearly six percent each. Defensive indices like Nifty FMCG, Nifty Pharma, and Nifty Healthcare also saw modest gains in trade over the week.
CPSE and Energy stocks gained 7.1 percent each, while Infrastructure and Commodities indices rose over 4 and 6 percent respectively. With strong foreign inflows and sector-specific tailwinds, especially in defence and real estate, sentiment remained buoyant throughout the week.
"Optimism is being fuelled by expectations of imminent resolutions in US-China and India-US trade relations, which are easing concerns over potential economic fallout," said Vinod Nair, Head of Research, Geojit Investments.
He added that softening crude oil prices, moderating inflation, and growing anticipation of interest rate cuts are reinforcing confidence in the economic growth outlook, driving a broad-based market resurgence. Institutional flows remain robust, with both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) contributing to market stability and resilience.
Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!