Nifty, Sensex post biggest weekly gain in five months, rising 2%

The bechmark equity indices posted their strongest weekly gain in five months, snapping a two-week losing streak as broad-based buying lifted benchmark indices and all sectoral gauges ended in the green.

The Sensex and Nifty rose nearly 2% each for the week, while the midcap index logged similar gains. Defence and IT shares outperformed, with the defence sectoral index climbing about 4%, marking the week’s biggest sector advance. Thirty-five Nifty stocks ended higher, led by Asian Paints, Adani Enterprises, InterGlobe Aviation and HCLTech. Trent, Bajaj Finance, Tata Steel and Apollo Hospitals were among the top laggards. In the broader market, Samvardhana Motherson, Muthoot Finance, Vodafone Idea and NALCO were the biggest midcap gainers.

Markets extended their upward momentum into Friday’s session, closing higher for the fifth straight day. The Nifty settled above 25,900, supported by late-hour buying in Bharat Electronics, Eternal, Trent and State Bank of India. Market breadth was slightly tilted towards declines, though broader indices moved in line with the benchmarks.

The Sensex rose 84 points to end at 84,563, and the Nifty gained 31 points to 25,910. The Nifty Bank index added 136 points to 58,518, while the midcap index edged up 47 points to 60,739.

Among individual movers, NBCC jumped 5% after securing a ₹340 crore project from the Central University of Kashmir. Pine Labs surged 14% following a strong market debut, while Groww extended gains for a third consecutive session.

LG Electronics fell 4% after its quarterly earnings, becoming the top Nifty loser of the day. Muthoot Finance rallied 10% on robust Q2 results. Shares of Bharat Dynamics, GE Power and Bombay Burmah traded higher as investors reacted to their earnings. Sagility rose 6% after a 17% equity block changed hands, while GMDC slid 4% as revenue dropped and EBITDA halved.Read about our editorial guidelines and ethics policy