Stock Market Today: Nifty Logs Worst Week Since September
The Indian stock markets have ended the week on a sour note, with the Nifty and Sensex logging their worst week since September. The Nifty fell over 2.5% for the week, while the Sensex was down 2.5% as well.
Nifty and Sensex Weekly Performance
Both the Nifty and Sensex have seen a significant decline in the past week, with the Nifty falling 2.5% and the Sensex declining 2.5%. This is the worst weekly performance for both indices since the week ended September 22.
The Nifty ended the week at 25,683.30, down 193.55 points or 0.75% from the previous close. The Sensex, on the other hand, ended the week at 83,576.24, down 604.72 points or 0.72% from the previous close.
Top Losers and Gainers
Trent and Reliance Industries were the top losers in the Nifty, with Trent falling nearly 10% for the week. Mahindra & Mahindra Finance and HPCL were the top losers in the Nifty Midcap 150, with Mahindra & Mahindra Finance falling over 13% for the week.
On the other hand, RIL, Asian Paints, HCLTech, ONGC, and BEL were the top gainers for the day. ICICI Bank, HDFC Bank, Bharti Airtel, M&M, and NTPC were the worst performers of the Nifty 50 index.
Broader Markets
The broader markets also ended in the negative, with the Nifty Midcap 150 ending 0.88% lower and the Nifty Smallcap 250 closing 1.70% lower. The market breadth was skewed in favor of sellers, with 3,098 stocks declining, 1,067 advancing, and 189 remaining unchanged on the BSE.
The Nifty Oil & Gas index fell over 5% for the week, with HPCL and Reliance Industries being the top losers. The Nifty IT index fell for the third week in a row, while the Nifty Metals index snapped a two-week gaining streak.
Sectoral Indices
All sectoral indices closed lower for the week, with the Nifty Realty and Nifty Auto leading the decline. The Nifty Oil and Gas, Nifty IT, and Nifty PSU Banks were among the gainers.
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Conclusion
In conclusion, the Indian stock markets have ended the week on a sour note, with the Nifty and Sensex logging their worst week since September. The broader markets also ended in the negative, with all sectoral indices closing lower for the week. We hope this article has provided you with valuable insights into the Indian stock markets. For more information, you can visit our website and learn more about stock market analysis and stock market tips.