NIFTY logs largest losing streak in 29 years: Here’s how sectoral indices performed this week

All NIFTY sectoral indices declined this week due to across-the-board selling by investors amid rising trade uncertainty. Sectoral indices fell up to 4%, led by Auto and IT indices on a single day on Friday after the latest US tariff threat unnerved investors.

Foreign investors also remained net sellers in Indian equities, which dampened the market sentiment. Trade war concerns after US President Donald Trump announced an additional 10% tariff on China, hit stock markets globally.

In line with key market index NIFTY 50, which dropped more than 3% this week, sectoral indices led by IT and realty plunged up to 8%.

The benchmark equity index settled 1.86% lower at 22,124.7, extending monthly losses for the 5th month in a row, its worst losing streak since 1996. On the other hand, BSE SENSEX settled at 73,198.1, down 1,414.33 points, or 1.9%.

Here are the top three worst NIFTY sectoral performers of the week.

NIFTY IT

L&T Technology Services was the lead loser this week, dropping by over 12%. Fear that the US was returning to a slow growth and high inflation trajectory, which could hit IT spending by US companies, led to the sharp decline.

NIFTY Realty

Declining residential real estate sales in key markets of Bengaluru and Hyderabad in the third quarter and a slowdown in new launches have hit the sentiment. According to a Kotak Securities report, new launches dropped by 35% year-on-year led by a 61% decline in Hyderabad and a 27% drop in Mumbai Metropolitan Region.

Prestige Estates fell the most by 10% after the company informed exchanges about I-T searches at the registered office and other offices. The company had informed that the financial impact of the I-T searches could not be ascertained and it was cooperating with the authorities.

NIFTY Media

Saregama India Ltd emerged as the biggest loser among NIFTY Media shares following a five-day slump. The stock declined 12% since February 20, 2025.

NIFTY Auto, Metal & PSU Bank decline 5% each

Among other sectoral indices, NIFTY FMCG, Consumer Durables and Pharma indices declined around 3% amid weak market sentiment. Financial Services and private bank shares were also among losers.