The Indian equity benchmarks ended the week in the red for the fourth straight time, with Nifty slipping by 0.16% but gaining 0.49% on the final trading day to settle at 23,114. Sensex, on the other hand, closed 0.44% higher at 74,532, after a 0.04% decline over the week.
Starting the week flat, both indices picked up momentum driven by increased interest in metal stocks. However, concerns lingered over elevated crude oil prices above $100 per barrel, impacting inflation and India’s trade balance.
Nifty IT and PSU Banks stood out as top performers sector-wise, while metal stocks witnessed strong buying activity, pushing the Nifty Metal index up by over 2%, supported by positive brokerage reports and improved demand outlook.
During the week, broader indices showed a split performance compared to the benchmarks, with Nifty Midcap100 edging up by 0.06% and Nifty Smallcap100 dipping by 1.11%.
