After four weeks of gains, Indian equity benchmarks saw a slight weekly decline due to rising tensions in West Asia, pushing up crude prices. The Nifty slipped by 0.26% for the week but rose by 1.02% on the final trading day, closing at 24,206. Meanwhile, the Sensex gained 827 points, or 1.08%, to settle at 77,569, despite a 0.25% loss for the week.
The Indian stock market faced volatility, shifting from early optimism to risk aversion triggered by geopolitical uncertainties. Concerns over military actions and the US–Iran peace talks progress led to a risk-off sentiment globally, impacting investor confidence.
Despite the initial sell-off, market sentiment improved following positive Q1 FY27 updates from the banking and IT sectors. The latter part of the week saw a recovery in Indian equities, supported by a drop in crude oil prices, a rebound in global tech stocks, and positive diplomatic developments.
