Indian benchmark indices ended their sixth consecutive week in the red, marking the longest losing streak since the April 2020 Covid-19 crash. Persistent concerns over US tariff hikes, weak corporate earnings, and foreign institutional investor (FII) outflows have weighed heavily on sentiment, pushing the Nifty 50 and Sensex to three-month lows.
On Friday, the Nifty 50 fell 0.95% to close at 24,363.30, while the Sensex slipped 0.95% to 79,857.79. For the week, they declined 0.8% and 0.9%, respectively. Since the end of June, both benchmarks have lost nearly 5%.
Market Overview
The downturn was triggered by growing fears over the impact of US tariffs on Indian exports, with FIIs continuing to offload holdings. Realty and metal stocks bore the brunt, while global institutions revised India’s GDP outlook downward for 2025–26, citing trade uncertainty.
Global Cues
- US Markets: Wall Street ended higher on Friday, with the Nasdaq hitting a record high for the second day in a row. The Dow Jones gained 206.97 points (0.47%) to 44,175.61, the S&P 500 rose 0.78% to 6,389.45, and the Nasdaq advanced 0.98% to 21,450.02. Tech giants like Apple led the rally amid optimism over potential Fed rate cuts.
- European Markets: The STOXX 600 posted its best weekly gain in three months, up 2.2% for the week, boosted by banking shares and hopes of a possible Russia–Ukraine ceasefire.
Technical Outlook
Nifty closed below the crucial 24,400 support, forming a lower-top, lower-bottom pattern, signaling continued bearish momentum. Short-term downside targets are seen at 24,150–24,200, with resistance at 24,475–24,500.
Most Active Stocks (By Turnover)
- Bharti Airtel – ₹17,550 crore
- Kalyan Jewellers – ₹1,885 crore
- BSE – ₹1,613 crore
- Infosys, Cummins India, HDFC Bank, and PG Electroplast also saw heavy trading activity.
Most Active Stocks (By Volume)
- Vodafone Idea – 37.33 crore shares
- Bharti Airtel, JP Power, Suzlon Energy, Sagility India, YES Bank, and Kalyan Jewellers were among the most traded counters.
Stocks Showing Buying Interest
Gainers included Global Health, Kalpataru Power, Sai Life Science, GIC, Bank of Maharashtra, Cummins India, and Kajaria Ceramics.
52-Week Highs & Lows
- 119 stocks touched fresh 52-week highs
- 110 stocks hit 52-week lows
Stocks Under Selling Pressure
Significant declines were seen in PG Electroplast, Kalyan Jewellers, Titagarh Wagons, Biocon, Ramco Cements, Coforge, and Jindal Stainless.
Sentiment Check
Market breadth remained weak — out of 4,173 stocks traded on the BSE, 2,548 declined, 1,503 advanced, and 122 remained unchanged. Overall sentiment stays bearish as investors weigh trade headwinds and continued FII selling.
Disclaimer: This content is for informational purposes only and is not financial advice. Stock market investments carry risks; please do your own research before investing.
