For the week, the Sensex and Nifty lost nearly 2% each, while the Nifty Bank fell almost 3% and the Midcap index slid more than 3%. Thirty-nine of the 50 Nifty stocks posted negative returns for the week. Mahindra & Mahindra, Shriram Finance, Apollo Hospitals, Reliance Industries and Adani Enterprises led the weekly losers, while Maruti Suzuki, Eicher Motors, ITC and Hero MotoCorp gained between 2% and 3%.
Capital market-focused companies bore the brunt of selling pressure, with BSE Ltd, Angel One, Central Depository Services, Kfin Technologies, CESC and Nuvama Financial dropping sharply. Granules India, Crompton Greaves Consumer, RBL Bank, Nykaa and CG Power were among the few midcap gainers.At Friday’s close, M\&M slumped 3% ahead of monthly auto sales data, making it the top Nifty loser, while Reliance Industries shed more than 2% despite unveiling Jio’s AI-led products and services at its annual general meeting earlier this week. Auto stocks broadly retreated on profit-taking ahead of monthly numbers, falling up to 3%.
ITC advanced more than 2% and topped Nifty gainers, supported by optimism over a possible goods and services tax cut. FMCG shares extended their rally, with the sectoral index adding 1% for the day and standing as the only gainer among sectoral indices for the week.
Midcap movers included Granules India, which jumped more than 5% on strong volumes, and Samman Capital, which rose 5% as it re-entered the futures and options segment. CG Power, RBL Bank, Colgate, Yes Bank and United Spirits also gained.
Market breadth remained weak, with the advance-decline ratio at 3:4, indicating broader selling pressure across the board.
