Mumbai: Indian Stock Markets Witnessed A Stellar Rally in the Week Ended May 16, Delivering Over 4 per cent returns to investors and recording the best weekly performance since the week ending October 4, 2024. The benchmark Nifty surgged by 1,011.80 points or 4.21 per cent – Marking Its Strongest Weekly Gain in more than Seven months. Similarly, the sensex jumped 2,876.12 points or 3.62 per cent – Reflecting Robust Investor Confidence.
Mid and Small-Cap Stocks Outpermed Large-Caps during the Week. The Nifty Midcap 100 Index Rallied 7.21 Per Kent, While The Nifty Smallcap 100 Index Rose by over 9 per over 9 per 9 per over 9 per over 9 per over. A sharp 17.2 per cent surge, followed by realty (10.78 per cent), metals (9.28 per cent), Media (9.10 per cent), and public sector Enterpresses (7.28 per cent).
Most sectoral indices ended the week in the green. Among the top gainers on the sensex during the week week weeel (10.3 per cent), Tech Mahindra (8.3 per cent), Eternal (ZOMATO, 8.2 per cent), Adani Ports (7.7 per cent), Maruti Suzuki (6.1 per cent).
On the losing side, indusind bank declined 4.6 per cent, Bharti Airtel Fell 1.9 per cent, and Sun Pharma Dipped 0.6 per cent. Nandish Shah, Senior Derivatives and Technical Research Analyst at HDFC Securities, said, “Nifty Continues to Trade Above Its Its Short-Term Moving Average, Maintening A Bulish Trend. The NEXT Resistance is Seen at 25,207, While Support is Placed Around 24,800. ”
On Friday, the markets ended mixed. While Large-Cap Stocks Saw Somet Booking, Buying Continued in the Mid and Small-Cap SEGMENTS. The sensex closed 200.15 points or 0.24 per cent lower at 82,330.59, and the nifty ended 42.30 points or 0.17 per cent down at 25,019.80.
Meanwhile, The Nifty Midcap 100 Gained 529.65 points or 0.94 per cent to close at 57,060.50, and the nifty smallcap 100 index climbed 320 points or 1.86 per cent to 17,560.40.40.40.40.40.