Sensex and Nifty gain for second consecutive week
The stock market had a volatile week, with the Sensex and Nifty gaining nearly 1%. The major highlights of the week included assembly election results, unique FII activity, and expiry of derivatives contracts.
Week open: Strong performance
- The market saw a strong rally on Monday.
- The BJP alliance’s big win in the Maharashtra assembly elections enthused investors.
- There were expectations that government spending would increase, which would improve corporate results in the second half of FY25.
What happened on Tuesday?
On Tuesday, US tariff threats and Adani Group stock selloff pulled the market down.
- Nifty closed below 24,200
- FIIs bought again and the market stabilized a bit.
Blue Chips’ Magic: Wednesday’s Movement
- On Wednesday, the market recovered a bit due to buying in blue chips like HDFC Bank and Adani Ports.
- However, volatile trading throughout the day kept investors cautious.
Thursday’s Market: Heavy Selling
- On Thursday, the market fell by **more than *1%* due to FII selling.
- Shares of major companies like Reliance, HDFC Bank, and Tech Mahindra declined.
- Investors lost ₹1.5 lakh crore.
Friday’s Comeback: Week End
- The market made a great comeback on Friday.
- Reliance Industries, ICICI Bank, and Larsen & Toubro led the gains.
- Sensex and Nifty ended the week with a 1% gain.
NTPC Green: New listing shines
- NTPC Green gained 22% from its IPO price.
- The company crossed ₹1 lakh crore market cap.
- The stock hit an all-time high of ₹132.3 on Wednesday.
PSU banks perform strongly
- PSU bank stocks gained up to 8%** after Maharashtra election results.
- Central Bank of India gained 10%, while Indian Bank and Bank of Maharashtra jumped 8% and 7%, respectively.
- The Nifty PSU bank index gained 5%.
FIIs return: Buying after a long time
- On Monday, FIIs made a net investment of ₹9,900 crore.
- However, on Thursday they sold shares worth ₹11,756 crore.
- This led to volatility in the market, but net buying gave hope to investors.
Adani Group: Swinging Stocks
- Adani Group shares fell on Tuesday, but recovered by 10-20% on Wednesday after the group’s clarification.
- Adani Green Energy gained 21.72% and Adani Energy Solutions gained 15%.
Swiggy: Surge ahead of quarterly results
- Swiggy shares gained 12% this week.
- The stock hit a 52-week high of ₹517 on Thursday.
New Entrants in F&O Segment
- 45 new stocks joined the F&O segment this week.
- These include big names like Adani Energy Solutions, Jio Financial, and Zomato.
- The move came into effect after SEBI changed the criteria.
Way Ahead: What to Expect?
- Investors will now focus on RBI’s Monetary Policy.
- Apart from this, PMI data, auto sales, and US jobs data will decide the market movement.
- Weak GDP data could also be a worry for next week.
Conclusion: What matters to investors?
This week showed how the market remains full of possibilities despite volatility. Smart investors turned every dip into an opportunity.
Frequently Asked Questions (FAQs)
1. How much did the Sensex and Nifty gain this week?
The Sensex gained 685 points and the Nifty gained 223 points.
2. How did NTPC Green perform?
NTPC Green crossed the ₹1 lakh crore market cap with a gain of 22%.
3. Why did Adani Group shares fall?
The Adani Group fell on Tuesday due to allegations of violating foreign corruption laws.
4. What impact did FII activities have on the market?
FII buying gave stability to the market, but Thursday’s selling brought volatility.
5. What will affect the market next week?
RBI’s monetary policy, GDP data and global trends will decide the market direction next week.