Weekly Market Recap: Nifty Rises 1.5% as Global Cues Lift Sentiment

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Weekly Recap

Markets climbed steadily last week, marking their biggest weekly gain in nearly three months. 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.

Climbing Back Up

  • Indices extended their upward move last week, with Nifty posting a healthy 1.51% gain.
  • Broader markets followed suit, as the BSE Large-Cap and Mid-Cap indices advanced 1.6% and the BSE Small-Cap index added 1.5%.
  • Volatility cooled further, with the India VIX sliding 6.1%, reflecting easing investor concerns.

The Big Stories

  • Global cues stayed positive last week, as major American and Asian indices posted solid gains, lifting sentiment on D-Street as well.
  • The Trump administration softened its earlier hawkish tone on tariffs against India, raising hopes of a rapprochement soon.

The Winners

  • Bharat Electronics emerged as the top performer, rallying 7.7% over the week after posting strong results and announcing September 23 as its dividend payout date.
  • Bajaj Finance followed with a 7% rise, driven by a surge in buying volumes amid its major fundraising through non-convertible debentures.

The Losers

  • Trent fell 7.2% over the week after a Kotak downgrade, with the brokerage citing limited growth potential for the already beleaguered stock.
  • Titan slipped 2.6%, as record-high gold prices put pressure on jewellery counters across the board.

Meanwhile…

  • Crude oil prices spiked after an Israeli airstrike on Qatar, but later slipped as oversupply concerns and weakening US demand weighed on the market.
  • US inflation came in higher than expected in August, underscoring the Fed’s tough balancing act between sluggish job growth and tariff-driven price pressures.

Market Brief 

Key Indices
Sectors
Stocks
Other Key Data

Market Outlook

Market Outlook
Sectors To Watch
Stocks in Radar: Bajaj Finance, Bajaj Finserv, LIC Housing Finance, Sun Pharmaceutical, Alkem Laboratories, Glenmark Pharmaceuticals

Our Take

  • After a phase of consolidation and weakness, the Nifty is showing signs of resilience, laying the groundwork for a potential bullish turn.
  • We anticipate that the Nifty will trend bullish next week, with a forecasted trading range between 24,950 and 25,350, and opportunities driven by sector rotation and stock-specific action.

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