Broader markets outperformed the benchmarks for the second consecutive week. The Nifty Midcap and Smallcap indices gained 3–4%, driven by improved investor sentiment after easing geopolitical tensions and softer crude oil prices. For the week, the BSE Sensex added 943.29 points (1.21%) to close at 78,493.54, while the Nifty 50 rose 302.95 points (1.25%) to finish at 24,353.55.
The Nifty Midcap 100 Index rose 3.5%, with companies like Suzlon Energy and Radico Khaitan rising 10-16 percent. The Nifty Smallcap Index advanced 4.3%, with firms such as Gujarat Mineral Development Corporation and Reliance Power rising 10-22 percent. The total market capitalisation of BSE-listed firms surged by over ₹14 lakh crore this week.
Foreign Institutional Investors (FIIs) sold equities worth ₹251.47 crore, while Domestic Institutional Investors (DIIs) offloaded equities worth ₹6,285.91 crore. The Nifty Capital Markets index led the gains, rising 7%, followed by the Nifty Defence index, which added 6.2%.
Technically, the Nifty is currently placed at the hurdle of 24,400 levels, with immediate support at 24,100. The immediate resistance for Nifty is placed in the 24,430-24,450 zone.
