Stock Market Weekly Recap: Budget 2025 Impact, Top Gainers & Losers

Markets staged a strong recovery during Budget week, finally breaking the streak of gloom from recent weeks. Here's our take on this week gone by, some stories you might have missed out on, and our thoughts on what to do going ahead, in your weekly stock market report.

Weekly Recap

Breather

• It’s that time of the year again—markets were laser-focused on the central government’s Budget 2025, unveiled on Saturday.
• The Nifty gained 1.69% over last Friday’s close, offering a much-needed break from the recent bearish streak on D-Street.

The big headlines

• The week was packed with market-moving news, with Budget 2025 stealing the spotlight—especially with its major steps on income tax relief. More in it here: Budget 2025: Tax Cuts, Consumption Boost & More!
• Global sentiment also played a crucial role, as indices reacted to the Trump administration’s trade warnings and the ripple effects of DeepSeek’s AI breakthrough.

The winners

• The top-performing stocks and sectors of the week received a significant boost from the Budget, which prioritized consumption over capex.
• The realty and auto sectoral indices posted stellar returns, while consumer stocks like Trent surged 12.7% in a week after a rough January.

The losers

• The IT sector faced heavy selling pressure last week, with both of Nifty’s top losers being IT heavyweights. The sectoral index slid 3.4% over the week.
• HCL Tech and Wipro took notable hits amid concerns about Indian IT giants’ readiness for AI adoption, following the global disruption triggered by DeepSeek’s AI models.

Check out other stocks that made significant moves on Saturday: Budget 2025: Winners & Losers Revealed!

Meanwhile…

• The Trump administration fired the opening shots in its trade wars, imposing tariffs on Canada, Mexico, and China, while also threatening Colombia with similar measures.
• The Fed held rates steady despite pressure from the White House to cut them, citing inflation as still being “somewhat elevated”.

Brief

Key Indices:

Sectors:

Stocks:

Other Key Data:

Market Outlook:

Sectors To Watch:

Our Take

Indices staged a solid recovery last week, though the Budget’s immediate impact was subdued, and global volatility remains high due to political risks.

• Given this backdrop, we expect investors to adopt a wait-and-watch approach, keeping Nifty rangebound between 23,200 and 23,800 in the week ahead.

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