Indian equity markets ended the week on a positive note, with benchmark indices extending gains, supported by renewed foreign investor interest and strength in key sectors such as capital markets and information technology. However, small-cap stocks delivered a mixed performance — some soaring as much as 41%, while others posted steep declines.
For the week, the BSE Sensex rose 1,293.65 points (1.59%) to close at 82,500.82, while the Nifty50 added 391.1 points (1.57%) to settle at 25,285.35.
FII Buying Returns After 12 Weeks
After twelve straight weeks of outflows, Foreign Institutional Investors (FIIs) turned net buyers, purchasing equities worth ₹2,975.53 crore. Domestic Institutional Investors (DIIs) remained strong buyers as well, adding ₹8,391.11 crore worth of stocks — marking their 25th consecutive week of net purchases.
Sector Snapshot: Capital Markets, IT Lead Gains
Sectorally, the Nifty Capital Market and Nifty IT indices were the week’s top performers, climbing nearly 5% each. The Nifty Healthcare index gained 3%, while Realty, Private Bank, Consumer Durables, and Pharma indices added around 2% apiece.
The Nifty Media index, however, fell nearly 3%, underperforming the broader market.
“The benchmark indices maintained their positive momentum this week,” said Amol Athawale, VP – Technical Research, Kotak Securities. “Nifty and Sensex both rose over 1.5%, supported by strong moves in capital market and IT stocks, while media shares saw profit booking.”
Small-Caps See Sharp Divergences
The BSE Small-Cap Index ended flat overall, but several counters posted outsized weekly gains.
Top performers included Jindal Photo, Indo Thai Securities, Indraprastha Medical Corporation, GM Breweries, Sky Gold and Diamonds, Dreamfolks Services, Stylam Industries, Infibeam Avenues, Salzer Electronics, SpiceJet, Avalon Technologies, Indef Manufacturing, and South Indian Bank, which advanced between 15% and 41%.
On the flip side, Shankara Building Products, Paushak, Hemisphere Properties India, John Cockerill India, Nelcast, Lumax Auto Technologies, VTM, and Praveg declined 10% to 22%.
Technical View: Nifty’s Momentum Intact
Analysts remain optimistic on near-term market trends, citing strong technical support and sustained buying momentum.
Ajit Mishra, SVP – Research at Religare Broking, said the Nifty is approaching a key trendline resistance near 25,450, with support at 25,000.
“A breakout above 25,450 could extend the rally towards 25,669,” he noted, adding that rotational buying across sectors is likely to continue.
Rupak De, Senior Technical Analyst at LKP Securities, said any short-term dips would offer buying opportunities.
“The setup looks positive. Nifty could test 25,500–25,550, with immediate support at 25,150,” he said.
Nagaraj Shetti, Senior Technical Analyst at HDFC Securities, added that Nifty’s weekly chart now shows a bullish candle pattern, with the index expected to move toward 25,400–25,450, while support remains near 25,150.
Sudeep Shah, Head of Technical Research and Derivatives at SBI Securities, observed that the index has closed above key moving averages, with RSI and MACD indicators signaling continued bullish momentum.
“The 25,400–25,450 zone will act as near-term resistance. A sustained move above this could push the index towards 25,600,” Shah said, adding that support lies between 25,200–25,150.
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