The Indian equity benchmarks ended marginally lower for the week, snapping a four-week winning streak, as renewed geopolitical tensions in the Middle East and uncertainty surrounding global trade developments kept investors cautious. However, sustained buying by foreign and domestic institutional investors, steady progress in the southwest monsoon and the onset of the June quarter earnings season helped limit the downside and supported a recovery in the latter half of the week.
Top Gainers & Losers
▲ Top Gainers
▼ Top Losers
SBI Life Insurance
+4.15%
Trent
-13.11%
Bajaj Auto
+3.79%
Dr. Reddy’s Labs
-9.45%
Tech Mahindra
+3.17%
Kotak Mahindra Bank
-4.83%
ONGC
+2.99%
Max Healthcare Inst.
-3.93%
HDFC Bank
+2.98%
Maruti Suzuki India
-3.56%
Action This Week
Iran ceasefire collapse rattles markets: Equities crashed over 2% midweek, with the Sensex plunging more than 1,600 points and India VIX spiking over 26%, after US President Trump declared the ceasefire with Iran over, accusing Tehran of targeting vessels in the Strait of Hormuz. Nearly ₹11 lakh crore of investor wealth was wiped out in the single session before sentiment stabilised on reports that both sides would continue peace talks.
Crude oil spikes on the escalation: MCX crude oil hit a 6% upper circuit as the ceasefire collapsed, and Brent climbed toward $77 a barrel, keeping the week’s energy gains elevated. NSE crude oil derivatives clocked a record volume of over 20 lakh trades in a single day as traders rushed to hedge the geopolitical risk.
Q1 earnings season begins on a strong note: TCS opened the June-quarter results season, sparking a rally in IT stocks, while healthy pre-quarter business updates from lenders such as HDFC Bank supported sentiment early in the week. The rupee also recovered toward 95.2 per dollar, aided by RBI measures to attract dollar inflows and softer crude by Friday.
Stock News
TCS: Kicked off the Q1 earnings season, with its results triggering a rally in IT stocks on the final trading day as the sector index climbed nearly 2%, setting an optimistic tone for the technology pack’s reporting cycle.
Jio Financial Services: Endured a whipsaw week, crashing 5% in the midweek selloff before roaring back as the most contributing Nifty stock on Friday with a 3.9% jump, reflecting the sharp sentiment swings in financials.
HDFC Bank: Rose 3.3% early in the week after a healthy pre-quarter business update, emerging as a key index driver as investors positioned ahead of the Q1 results season.
ONGC: Stood out as one of the very few gainers during the midweek crash, adding to gains earlier in the week, as surging crude oil prices brightened realisation prospects for the upstream oil producer.
InterGlobe Aviation (IndiGo): Was the worst-hit Nifty stock in the midweek selloff, sliding over 5% as the spike in crude oil prices reignited fuel-cost concerns for airlines.
Sectoral Performance
▲ Top Sector Gainers
Nifty Realty
+5.37%
Nifty Cons. Durables
+3.74%
Nifty IT
+2.08%
Nifty Metal
+0.72%
▼ Top Sector Losers
Nifty Media
-1.85%
Nifty FMCG
-1.57%
Nifty India Defence
-0.93%
Nifty Healthcare
-0.63%
Sectoral performance was mixed during the week, with realty and consumer-focused sectors leading the gains. The Nifty Realty index emerged as the top performer, surging 5.37 percent, followed by the Nifty Consumer Durables index, which climbed 3.74 percent. The Nifty IT index gained 2.08 percent on optimism surrounding the earnings season, while the Nifty Metal index advanced 0.72 percent. On the downside, the Nifty Media index was the biggest laggard, falling 1.85 percent. The Nifty FMCG index declined 1.57 percent, while the Nifty India Defence and Nifty Healthcare indices slipped 0.93 percent and 0.63 percent, respectively.
Commodities Week’s Change
Commodity (MCX)
Weekly Close
Weekly Change
Gold (10g)
₹ 1,42,741
▼ 2.07%
Silver (1kg)
₹ 2,20,540
▼ 5.62%
Crude Oil (bbl)
₹ 6,875
▲ 5.06%
Natural Gas (mmBtu)
₹ 287.30
▼ 5.65%
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