The Indian stock indices extended the gaining momentum in the third straight week, registering the longest streak since December 2024 in the volatile week ended April 27 despite geopolitical tensions. However, sustained FII inflows, mixed Q4 earnings, expectation of further de-escalation in the tariff war, record GST collections, and upbeat global markets helped the Indian market to record more than 1 percent weekly gains.
2/9
For the week, the BSE Sensex index jumped 1,289.46 points or 1.62 percent to finish at 80,501.99, and Nifty50 gained 307.35 points or 1.2 percent to end at 24,346.70. However, for the month of April, both the main indices added 3.5 percent each.
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The BSE Large-cap Index rose 1 percent led by Reliance Industries, Hindustan Aeronautics, Indian Oil Corporation, Adani Ports and Special Economic Zone, Maruti Suzuki India, Bosch, Bharat Petroleum Corporation, DLF. However, losers included Shriram Finance, Avenue Supermarts, Mankind Pharma, JSW Steel, Swiggy, UltraTech Cement, Adani Power, Indus Towers, Bajaj Finserv, Waaree Energies, Shree Cements.
4/9
BSE Mid-cap Index added 0.4 percent supported by Mazagon Dock Shipbuilders, Vishal Mega Mart, Tube Investments of India, Schaeffler India, Sona BLW Precision Forgings, Indraprastha Gas, Prestige Estates Projects. However, losers included Tata Technologies, Thermax, Phoenix Mills, Star Health & Allied Insurance Company, Patanjali Foods, One 97 Communications (Paytm).
The BSE Small-cap index declined 1.3 percent with Lloyds Engineering Works, Gensol Engineering, Tanfac Industries, Rajoo Engineers, Tejas Networks, Sterling and Wilson Renewable Energy, KR Rail Engineering, ISGEC Heavy Engineering, Sterlite Technologies, Godrej Agrovet, Repro India, Five-Star Business Finance, and SML Isuzu falling 12-25 percent. However, Paras Defence and Space Technologies, Sonata Software, Sportking India, Barbeque Nation Hospitality, Krystal Integrated Services, Prime Focus, Go Fashion India, Garden Reach Shipbuilders & Engineers, and Jayaswal Neco Industries rising between 15-29 percent.
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Among sectors, Nifty Oil & Gas index added 4.3 percent, Nifty Realty index rose 2.5 percent, Nifty Auto, IT and Healthcare indices rose 1 percent each. However, Nifty Media index shed 1.7 percent and Nifty Metal index shed 0.6 percent.
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In this week, Reliance Industries added the most of its market value, followed by Maruti Suzuki India, Bharti Airtel, ICICI Bank. On the other hand, UltraTech Cement, Bajaj Finance, Bajaj Finserv lost the most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)
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The Foreign Institutional Investors (FIIs) extended their buying in the third consecutive week as they purchased equities worth Rs 7,680.09 crore, while Domestic Institutional Investors (DII) also purchased equities worth Rs 9,269.47 crore.
