Stock Market Weekly Recap: Nifty Soars 4%, Top Gainers & Market Outlook

Weekly Recap

Markets surged 4% in a broad-based weekly rally, as investors looked past geopolitical concerns and foreign institutional inflows boosted domestic equities.

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.

Momentum Builds!

• The Nifty closed last week firmly in the green, gaining 4.22%, with strong momentum especially in the latter half, while the Sensex advanced about 3.6%.
• Broader markets outperformed, as the Nifty MidCap 100 surged 7.3%—its biggest weekly gain in two months—and the Nifty SmallCap 100 rallied an impressive 9.2%.
• The India VIX fear gauge eased sharply, dropping approximately 23.5%, reflecting a period of consolidation as investors caught their breath.

What Changed?

• Trade took center stage last week as India and the US engaged in positive talks on tariffs, aiming to ease trade tensions. 
• Although a lack of new triggers led to some investor consolidation, the de-escalation of the India-Pakistan conflict and strong macroeconomic data provided supportive momentum. Read more: India-US Trade Deals, Inflation in Focus

The Winners

• Defence contractor Bharat Electronics led the sector rally, soaring 15.2% on fresh government orders and hitting a 52-week high.
• Adani Enterprises also jumped 13.3%, following strong Q4 results, a fresh dividend declaration and positive broader market momentum.

The Losers

• Struggling finance major IndusInd Bank (down 4.1%) topped the Nifty losers last week after fresh discrepancies emerged in its internal audits of the microfinance segment.
• Bharti Airtel also underperformed falling 1.8% over the weel. Although its Q4 profit growth exceeded estimates, Morgan Stanley expects its FY25 guidance to reflect a 9% year-on-year decline. 

Meanwhile…

• The UK economy surprised on the upside, growing 0.7% in Q1, defying earlier gloomy forecasts.
• A recent UN update projects India to outpace several major economies this year despite a challenging global macroeconomic backdrop.

Our Take

• Markets are showing signs of improving investor sentiment, but it’s too early to confirm a sustained uptrend.
• We expect the Nifty to remain largely rangebound next week between 24,700 and 25,250. A definite breakout above 25,250 could pave the way for 25,500–25,700 levels.

Sectors To Watch

• Infra
• FMCG
• Realty

Stocks in Radar

Colgate-Palmolive, Brigade Enterprises, Macrotech Developers, Samvardhana Motherson, CG Power

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