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HomeMarket NewsMarkets end the week on a strong note; Midcaps outperform, Nifty and Sensex gain 4%
The rally was more pronounced in the broader markets during the week. The Nifty Midcap 100 index surged 7%, posting its biggest weekly gain in two months. Investor appetite remained strong for mid-sized and smaller companies, supported by positive earnings and sector-specific momentum.
By CNBCTV18May 16, 2025, 3:55:49 PM IST (Published)
Indian equities ended the week with robust gains, driven by broad-based buying across sectors and sustained interest in midcap stocks. The benchmark indices, the BSE Sensex and NSE Nifty 50, both rose around 4% for the week, marking one of the strongest weekly performances in recent months.
The rally was more pronounced in the broader markets. The Nifty Midcap 100 index surged 7%, posting its biggest weekly gain in two months. Investor appetite remained strong for mid-sized and smaller companies, supported by positive earnings and sector-specific momentum.
Out of the 50 Nifty stocks, 47 closed the week in positive territory, underscoring broad market participation. Key gainers in the Nifty index included Bharat Electronics Ltd
(BEL), Adani Enterprises, Hero MotoCorp, Jio Financial Services, and Shriram Finance.
In the midcap space, top performers included Intellect Design Arena, NBCC, Angel One, Indian Railway Finance Corporation (IRFC), and SJVN, which recorded sharp gains over the week.
On Friday, however, the headline indices gave up some of their weekly gains. The Sensex fell 200 points to close at 82,331, while the Nifty 50 declined 42 points to settle at 25,020. The Nifty Bank index ended largely unchanged at 55,355.
Defence-related stocks remained in focus, with gains for the sixth consecutive session. Cochin Shipyard rose over 12% during the day amid continued investor optimism linked to increased government defence spending.
In stock-specific action, Dhanuka Agritech surged 10% following strong quarterly results marked by revenue growth and margin expansion. Jubilant Pharmova climbed 4% on the back of better-than-expected Q4 earnings.
Crompton Greaves Consumer Electricals rose more than 7% after reporting higher profits and improved EBITDA margins. SKF India also advanced 6% owing to strong operational performance.
On the downside, BHEL slipped 4% from its intraday high as its profit and revenue numbers missed analyst estimates.
Bharti Airtel fell 3% after Singapore Telecommunications (Singtel) offloaded a stake through block deals. JSW Infrastructure also lost 3% as the Sajjan Jindal Trust announced plans to sell 4.2 crore shares at a 3% discount.
