Indian equity markets ended the week with their best performance in three months, buoyed by easing global trade tensions, hopes of a US Federal Reserve rate cut, and the European Union’s rejection of American tariff proposals against India. The BSE Sensex jumped 1,193.94 points (1.47%) to close at 81,904.70, while the NSE Nifty added 373 points (1.50%) to end at 25,114, as buying interest spread across sectors.
Broad-Based Rally Across Indices
Largecaps, midcaps, and smallcaps participated in the rally, with BSE’s Largecap and Midcap indices rising 1.6% each. The Smallcap index climbed 1.5%, aided by sharp moves in JBM Auto, Salasar Techno Engineering, Sigachi Industries, and MTAR Technologies, which surged 15–36% during the week.
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Sectoral Performance
On the sectoral front, all major Nifty indices except Consumer Durables closed in the green. The Defence index gained 7% on sustained buying in HAL and Bharat Electronics, IT stocks climbed 4% tracking positive global cues, and PSU stocks rose 3% amid strong institutional interest. Auto, Metal, and Pharma indices gained around 2% each.
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Mixed Stock Specific Action
While most frontline stocks saw robust gains, Reliance Infrastructure, Paradip Phosphates, and Rishabh Instruments witnessed declines of up to 16%. Market analysts believe that the rally may extend if global macros remain supportive and domestic fund flows continue, but advise investors to stay cautious in smallcaps after the sharp rise.
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