For the week, both the Sensex and Nifty gained over 1%, recovering most of last week’s losses, while the midcap index rose more than 2%. Autos and metals led sectoral gains, while IT stocks were the top drag.
“Despite optimism around policy reforms and supportive domestic factors, markets appear to be entering a consolidation phase, cautious given lingering tariff concerns and persistent foreign institutional outflows. That said, trading opportunities remain across sectors. Participants are advised to align their positions accordingly, with a focus on risk management,” Ajit Mishra – SVP, Research, Religare Broking Ltd said.
Among Nifty constituents, 36 of 40 stocks advanced this week. Mahindra & Mahindra, Tata Steel and Eicher Motors were top performers, rising between 4% and 11%. IT names, including HCLTech, Wipro and Infosys, were among the biggest weekly losers, weighing on sentiment.Eicher Motors and M&M extended gains on Friday, rising more than 2% each, while insurance companies closed higher on expectations that GST rate changes would have minimal impact.
BSE Ltd jumped nearly 5% as trading volumes climbed despite a change in its derivatives expiry schedule, while Vodafone Idea surged 10% on heavy volumes and remained the top midcap gainer. Indus Towers rose 4% after promoter Bharti Airtel increased its stake in the company.
On the downside, ITC was the top Nifty loser, falling 2% after reports linked to GST developments. Varun Beverages extended losses, sliding 4% after GST on aerated drinks was raised. Realty names stayed under pressure, with Prestige Estates and Godrej Properties among top laggards.
Ola Electric shed 7% after SoftBank sold a 2% stake in the company via open market deals since July 15.
Market breadth was neutral with the advance-decline ratio at 1:1, signaling mixed participation despite index stability.
First Published: Sept 5, 2025 3:42 PM IS
