New Delhi, 19 October (H.S.): The Indian stock market concluded the trading week ending Friday, October 17, with robust gains, marking its third consecutive week of closing in the green. This performance resulted in the market’s most significant weekly advance in the last four months.
During the week, the BSE Sensex surged by 1,451.37 points, or 1.75%, to close at 83,952.19. Similarly, the Nifty 50 index jumped by 424.50 points, or 1.67%, to finish the week at 25,709.85. The market’s upward momentum was largely attributed to consistent buying from Domestic Institutional Investors (DIIs), the return of Foreign Institutional Investors (FIIs) as net buyers, a decline in crude oil prices, and signals of a potential interest rate cut by the U.S. Federal Reserve.
This positive sentiment prevailed despite global headwinds, including concerns over the ongoing U.S. government shutdown and renewed trade tensions between the United States and China.
On the sectoral front, the Nifty Realty and Capital Goods indices were the top performers, each gaining 4% weekly. The FMCG index rose by 3%, and the Auto index climbed 2%. In contrast, the Nifty Media index was the biggest loser, falling 2.7%, followed by the IT index, which declined by 1.8%. The Metal and PSU Bank indices also ended the week with modest losses of 0.5% each.
Index and Stock Performance
The BSE Large Cap index registered a 1.5% gain for the week. Key gainers included Mahindra & Mahindra, Adani Power, Nestle India, ICICI Lombard General Insurance, Waaree Energies, and Asian Paints.
On the other hand, Vodafone Idea, Infosys, Wipro, and Punjab National Bank were among the top losers.The BSE MidCap index closed on a flat note. Top performers in this segment were Whirlpool of India, Ola Electric Mobility, Godrej Properties, and Persistent Systems.
However, stocks like PB Fintech, Bandhan Bank, Yes Bank, and Tata Technologies faced selling pressure and ended as top losers.The BSE Small Cap index underperformed, declining by 0.60% for the week. Stocks such as Lotus Chocolate Company and Walchandnagar Industries saw significant weekly losses of 15% to 25%.
Bucking the trend, Stylam Industries (mentioned as Stellian India Fluorochemicals), GM Breweries, and MTAR Technologies delivered stellar returns, with gains ranging from 21% to 41%.
Hindusthan Samachar / Jun Sarkar
