Indian equity markets extended their weekly winning run for a second straight week, with 16 stocks from the Nifty 500 index posting double-digit gains, driven by a sharp rally in banking and metal stocks during Friday’s session.
The Nifty 50 rose 1.10% for the week, marking its strongest weekly performance since early November, after surging 0.70% on Friday to hit a fresh all-time high of 26,340. The broader Nifty 500 climbed 1.35% over the week, its biggest weekly gain in nearly two months.
Transformers & Rectifiers emerged as the top performer, jumping 16.6% to ₹336.4, sharply rebounding from its December slump. Force Motors followed closely with a 15% rally, buoyed by a strong December sales update that showed a 50% year-on-year rise in deliveries.
Hindustan Copper continued its stellar run, gaining 14% during the week and marking its sixth consecutive week of gains. The stock has surged 72% cumulatively over this period, supported by record global copper prices.
Other notable gainers included Graphite India and IDBI Bank (up 13.2% each), Ola Electric Mobility (up 13%), Bank of Maharashtra, SJVN, and Steel Authority of India, all rising between 10% and 12.5%. Ola Electric extended its recovery rally after investors reacted positively to the company’s December sales performance.
What to watch next
Market participants expect some volatility in the coming sessions amid rising US–Venezuela geopolitical tensions, while attention will increasingly shift to the Q3 earnings season and key macro indicators such as PMI data and US non-farm payrolls. Despite near-term global uncertainties, experts say the underlying market structure remains positive as 2026 unfolds.
Disclaimer: This content is for informational purposes only and does not constitute investment advice.
