Weekly Market Wrap: NIFTY50, SENSEX fall nearly 3%, Nifty Smallcap 100 sinks 5%; Nifty Realty worst hit, Titan, Shriram Finance lag

The Indian stock market snapped a two-week winning streak, with both benchmark indices ending the week lower amid rising global geopolitical tensions, uncertainty over US-Iran talks, a depreciating rupee and PM Modi’s appeal to the country.

During the week, the NIFTY50 declined 532.65 points, or 2.2%, while the BSE SENSEX fell 2,090.2 points, also down 2.7%.

The equity benchmark indices were driven by a mix of global cues, keeping sentiment volatile this week. Developments around the US–China summit remained in focus, where the US President Donald Trump visited China to hold talks with Xi Jinping and was also accompanied by several business leaders.

Meanwhile, uncertainty around US–Iran tensions also weighed on sentiment, with the US rejecting Iran’s 14-point proposal to end the war.

Further, rising crude oil prices also kept the market investors on the edge.

On the domestic front, March quarter earnings of fiscal year 2025-26 (Q4 FY26) remained a key driver, influencing stock-specific movements through the week. Sentiment was further impacted by the government’s decision to hike petrol and diesel prices, along with a depreciating rupee and continued FPI outflows.

Additionally, commentary from Prime Minister Narendra Modi urging restraint on fuel consumption, foreign travel and gold purchases amid West Asia-related disruptions kept investors cautious.

On Friday, the Indian equity benchmarks erased gains and ended lower after the rupee hit another record low and breached the 96 per dollar mark for the first time while crude oil prices in the international markets spiked above the $109 per barrel mark, shaking the investor sentiment.

At close, the S&P BSE SENSEX stood at the 75,237.99 level, declining 160.73 points, or 0.21%, while the NSE's NIFTY50 index slipped 46.10 points, or 0.19%, to the 23,643.50 level.

Weekly top gainers & losers

On the NIFTY50 index, Titan Company emerged as the top laggard of the week, declining 7.5%. Shriram Finance and Reliance Industries followed with losses, tanking 7% each. Jio Financial Services slipped 6.5%, while Tech Mahindra tumbled 5.1%.

On the flip side, Adani Enterprises led the gainers’ pack with a rise of 8.4%, followed by ONGC (7.2%), Cipla (6.3%), Tata Consumer Products (4.9%) and Bharti Airtel (3.9%).

Sectoral watch this week

Among sectors, the Nifty Realty index was the biggest loser, sliding 8.2%, followed by Nifty IT, which fell 5.7%. Nifty Consumer Durables and Nifty Auto declined 4.7% and 4.4%, respectively, while the Nifty PSU Bank index ended the week 4.1% lower.

Within the realty index, Aditya Birla Real Estate (-13.1%), Anant Raj (-13%), Lodha Developers (-11.7%), Prestige Estates Projects (-11%) and Brigade Enterprises (-9.2%) emerged as the top weekly losers.

The Nifty Pharma (2.2%) and Nifty Metal (1.9%) were the only gainers by the end of the week.

India VIX, the volatility gauge, stood at 18.79 levels, tanking 11.6% during the week.

How the broader market performed

During the week, the Nifty Smallcap 100 fell sharply by 4.6%, underperforming the broader market, while the Nifty Midcap 100 dipped 2.2%.

On the Nifty Smallcap 100, Kaynes Technology India (-27.4%), Pine Labs (-22.3%), Urban Company (-13.4%), Firstsource Solutions (-13.4%) and Cohance Lifesciences (-13.3%) emerged as the top laggards.

In contrast, Physicswallah (4.9%), Crompton Greaves Consumer Electricals (2.9%), Ather Energy (2.4%), Natco Pharma (2.1%), and Aster DM Healthcare (1.5%) were the main gainers on the index.

On the Nifty Midcap 100, Kalyan Jewellers (-16.8%), HUDCO (-11%), Prestige Estates Projects (-11%), Cochin Shipyard (-10.3%) and JSW Energy (-9.8%) took the lead among the losers' pack.

Meanwhile, Vodafone Idea (15.2%), Oil India (14.1%), Biocon (13.1%), MCX (9.5%) and Laurus Labs (7.8%) were among the top gainers’ list.