The Indian equity benchmarks ended the week lower for the fifth straight time due to ongoing geopolitical tensions, high crude oil prices, and continuous foreign outflows. Nifty fell by 1.28% over the week and dropped by 2.09% on the final trading day to settle at 22,819, while Sensex closed down 2.25% at 73,583, a decrease of 1,690 points.
Throughout the week, both indices experienced volatility and pressure, with intermittent recovery attempts. Bank Nifty, closing near 52,274, underperformed the broader market, declining by 2.67% on Friday and posting a weekly drop of about 2.16%.
The market was heavily influenced by the ongoing geopolitical uncertainty related to the US–Iran conflict, making it event-driven. Brent crude prices ranging from $98 to $115 continued to impact inflation expectations and overall macro stability, with concerns about global energy supply disruptions persisting.
Sector-wise, Nifty metal and PSU Banks were the top losers for the week, while Nifty IT and pharma were the only gainers, rising by 1.17% and 0.11%, respectively. The broader indices mirrored the benchmark indices’ performance, with Nifty Midcap100 losing 1.38% and Nifty Smallcap100 dipping 0.63% during the week.
