Delhi, 26 October (H.S.): The Indian stock market concluded the week ending Friday, October 24, on a positive note, marking its fourth consecutive week of gains. The sustained bullish momentum pushed the benchmark indices to new 52-week peaks, with investor enthusiasm buoyed by several positive domestic and global cues.
For the week, the BSE Sensex advanced by 259.69 points, or 0.30 percent, to close at 84,211.88. During the week’s trading, it surpassed the 85,000 mark for the first time since September 30, 2024.
Similarly, the NSE Nifty 50 index gained 85.30 points, or 0.33 percent, to settle at 25,795.15, having crossed the 26,000 threshold for the first time since the same date. The positive market sentiment was largely driven by expectations of an impending trade agreement between India and the United States, consistent buying from Foreign Institutional Investors (FIIs), and strong second-quarter corporate earnings.
Market Segments and Stocks
The Large Cap index recorded a modest gain. Key gainers included Indus Tower, Vodafone Idea, Shriram Finance, and Infosys, which rose between 5 to 10 percent. On the other hand, stocks like CG Power and Industrial Solutions, Adani Ports & SEZ, and ICICI Bank were among the top losers.The BSE MidCap index climbed by 0.50 percent. Top performers in this segment included AU Small Finance Bank, Central Bank of India, and IDFC First Bank.
Conversely, Ola Electric Mobility, Supreme Industries, and Fortis Healthcare were among the top decliners.The BSE SmallCap index outperformed with a 1 percent weekly gain. Stocks such as Utkarsh Small Finance Bank, Bhageria Industries, and Shipping Corporation of India surged between 21 and 36 percent. Gallant Ispat and Astec Lifesciences were notable losers.
Sectoral Performance and Investor Activity
On the sectoral front, the Nifty IT index was the standout performer with a 3 percent surge, followed by the PSU Bank index which rose 2 percent. The Metal and Media indices also posted healthy gains of 1.5 percent and 1.3 percent, respectively. In contrast, the Nifty FMCG and Auto indices each declined by 0.50 percent.
Regarding investor activity, Foreign Institutional Investors (FIIs) remained net buyers, purchasing equities worth ₹342.74 crore. Domestic Institutional Investors (DIIs) continued their strong buying trend for the 27th consecutive week, infusing a substantial ₹5,945.31 crore into the market.
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Hindusthan Samachar / Jun Sarkar
