The Indian stock market ended the week on a strong note, with benchmark indices extending their gains for the second consecutive session on Friday. A rally in banking, pharmaceutical, and realty stocks helped the market close near the day's high, capping off the best week for the indices in over three months.
The S&P BSE Sensex climbed 328.72 points (0.40%) to close at 82,500.82. The NSE Nifty 50 also saw a solid rise, gaining 103.55 points (0.41%) to end the week at 25,285.35.
Key Market Highlights
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Sensex: Closed at 82,500.82, up by 329 points.
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Nifty 50: Ended the session near the 25,300 mark.
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Weekly Performance: For the week, both the Sensex and Nifty 50 surged by 1.6%, marking their best weekly performance since June 2025. The gains were driven by renewed foreign fund inflows and optimism ahead of the Q2 earnings season.
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Broader Markets: The broader markets also saw strong buying interest, with the BSE Midcap and Smallcap indices gaining 0.4% and 0.6%, respectively.
Top Gainers and Losers
Gains were led by banking and pharma stocks, while the metal sector faced profit-booking.
| Top Gainers |
Top Losers |
| State Bank of India (SBI) |
Tata Steel |
| Cipla |
Tata Consultancy Services (TCS) |
| Bajaj Auto |
Hindalco Industries |
| Maruti Suzuki |
Bajaj Finance |
| Axis Bank |
Shriram Finance |
Sectoral Performance
It was a day of mixed sectoral performance, with banking and realty stocks shining.
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Top Gainers: The Nifty PSU Bank and Nifty Realty indices were the standout performers, each surging by 1.67%. The banking and pharma sectors also saw significant buying.
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Top Losers: The Nifty Metal index was the biggest laggard, dropping 0.91% as it retreated from the previous session's gains. The IT index also ended marginally lower, dragged down by a post-results decline in TCS.
Q2 Earnings Snapshot
The Q2 earnings season kicked off this week, with mixed results from IT bellwether TCS and strong business updates from financial firms.
Major News and Market Events
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Pharma Stocks Rally on US Biosecure Act: Pharmaceutical stocks surged after the revival of the U.S. Biosecure Act, which aims to reduce biotech connections with Chinese firms. This is seen as a positive for Indian contract development and manufacturing organisations (CDMOs).
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PSU Banks Hit 52-Week High: The Nifty PSU Bank index hit a new 52-week high, driven by strong buying interest across public sector banks.
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YES Bank Surges: Shares of YES Bank were in the spotlight, surging 8% to hit a 52-week high.
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FIIs Turn Net Buyers: In a positive shift, Foreign Institutional Investors (FIIs) turned net buyers, purchasing equities worth ₹1,308.16 crore on Thursday, which improved market sentiment.
IPO Market Update
The primary market saw two new listings today with contrasting performances.
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WeWork India Lists with a Small Premium: Shares of co-working space provider WeWork India made a muted debut, listing with a small gain of 0.31% on the stock exchanges.
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NSB BPO Solutions Lists at a Discount: The SME IPO of NSB BPO Solutions had a weak listing, debuting at a discount of over 13% from its issue price.
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Upcoming IPO: The IPO of Canara HSBC Life Insurance, worth ₹2,517.5 crore, is set to launch soon.
Frequently Asked Questions (FAQs)
Why did the market close higher today?
The market's positive close was driven by strong gains in banking and pharmaceutical stocks, coupled with renewed buying from Foreign Institutional Investors (FIIs). The market also logged its best weekly gain in over three months.
Which sectors were the top performers?
The Nifty PSU Bank and Nifty Realty indices were the best performers, each rising by 1.67%. The broader banking and pharma sectors also saw strong gains.
What was the highlight of the Q2 earnings so far?
The earnings season began with TCS reporting a mixed set of numbers, with revenue beating estimates but profit falling short. Strong business updates from financial companies like M&M Financial have also been a key highlight.
How did the new IPOs perform on listing?
The new listings had a mixed day. WeWork India had a flat debut with a marginal gain, while NSB BPO Solutions listed at a significant discount.