The broader Nifty Midcap 100 underperformed, slipping 1.5% for the week and nearly 1.6% on Friday, ending at 58,009. The market breadth remained sharply negative, with the advance-decline ratio at 1:5, reflecting widespread selling pressure.
Sectoral trends
All sectoral indices except banking and pharma ended the week in the red. Realty and IT stocks led the losses.The IT index remained a key drag through the week, with a string of lacklustre quarterly earnings denting sentiment across top-tier names. Tech Mahindra, Infosys, and TCS posted weak results, leading to sustained selling in the sector.
Meanwhile, Bajaj Finance slumped on Friday after cautious commentary from management spooked investors, dragging other NBFCs. Cholamandalam Finance, Aditya Birla Capital, and L&T Finance also declined.Weekly movers
Among Nifty constituents, Nestle, Trent, Reliance, Tech Mahindra, and IndusInd Bank were the top weekly laggards. On the flip side, ICICI Bank, Eicher Motors, Cipla, HDFC Life, and Hindalco logged gains.
Shares of Cipla rose over 3% on Friday after posting a healthy first-quarter performance. SBI Life climbed 2% after a strong Q1 and a positive management outlook.
Phoenix Mills gained 5% after a brokerage upgrade, while Supreme Industries rose 2% after the company raised its volume growth outlook for FY26. Sharda CropChem hit the 20% upper circuit on the back of strong Q1 results.
Among midcaps, IEX, which had tumbled nearly 30% on Thursday, rebounded 11% on short covering. However, names like Intellect Design, APL Apollo, KFin Technologies, and HFCL dropped between 5–9% after reacting to quarterly results.
Capital markets-linked stocks such as BSE, MCX, Angel One, and CAMS declined 2–3%, while Chennai Petroleum plunged 12% after posting a Q1 loss.
