Weekly Market Wrap: NIFTY50, SENSEX rise 2%, SMIDs shine, Nifty India Defence jumps nearly 7%; Trent tops list

The Indian stock market extended its gains for a second consecutive week, with both benchmark indices rising around 2% in the week ended June 19, 2026. The NIFTY50 surged 390.20 points, or 1.7%, during the week, while the BSE SENSEX gained 1,274.95 points, or 1.7%.

The indices rallied for five straight sessions during the week, supported by positive sentiment across equities as crude oil prices eased and global markets strengthened following a US-Iran peace agreement.

On Sunday, US President Donald Trump declared that a peace deal with Iran had been completed and said he was authorising the reopening of the Strait of Hormuz and the removal of a US naval blockade. The announcement followed months of conflict that began on February 28 when Israel, along with the United States, launched military operations against Iran.

However, markets declined on Friday, with investor sentiment weighed down by uncertainty surrounding the postponement of talks to finalise the US-Iran deal in Switzerland.

A five-day market rally has made equity investors richer by ₹25.27 lakh crore, buoyed by easing geopolitical concerns amid a drop in crude oil prices and a peace deal between the US and Iran.

Following the optimistic trend in equities, the market capitalisation (mcap) of BSE-listed companies surged by ₹25,27,159.17 crore to ₹4,77,60,939.62 crore ($5.07 trillion) in five sessions. The market cap of BSE-listed companies regained the $5-trillion milestone on Wednesday. On Friday, NSE-listed companies’ mcap stood at ₹477.25 lakh crore.

Weekly gainers and losers

Meanwhile, Tata Motors Passenger Vehicles (PV) shares slipped after the carmarker shared its outlook for FY27. In an investors’ presentation, Tata Motors PV said for FY27 it indicates an EBIT margin of around 4%, compared with over 0% in FY26. Revenue is projected at £26 billion for FY27, up from £23 billion in FY26.

One of the key developments during the week was the completion of the final leg of Vedanta Ltd’s demerger process on June 15. Following a special pre-open session for price discovery, all four demerged entities commenced trading on the BSE and NSE.

The newly listed entities include Vedanta Oil and Gas Limited, Vedanta Power Limited, Vedanta Aluminium Metal Limited, and Vedanta Iron and Steel Limited.

How the broader market performed this week

During the week, the Nifty Midcap 100 climbed 2.9% while the Nifty Smallcap 100 advanced 3.2%.

Bharat Dynamics shares surged amid a broader rally in defence stocks, following India’s defence production reaching a record high of ₹1.78 lakh crore in 2025–26.

Furthermore, Nykaa parent firm FSN E-Commerce Ventures shares advanced during the week after the company announced its outlook till FY30. In its annual report, the company outlined its ambition to build a beauty and lifestyle business exceeding $5 billion. Over the last six years, the company's GMV has grown more than 7X, with Beauty scaling 6X, Fashion 27X, and House of Nykaa 10X.

Looking ahead to FY30, Nykaa expects a significant growth runway and targets 2–3x revenue growth, translating into 4–5x EBITDA growth, with EBITDA margins in the low- to mid-teens range.

Shares of Redington, the official re-seller of Apple products in India, surged after various media reports suggested that Apple is planning to raise prices of its products amid rising cost of memory chips.

Apple's CEO Tim Cook told The Wall Street Journal that price increases are unavoidable as the situation around memory chips has become unsustainable.

Sectoral watch this week

Among sectors, the Nifty India Defence index was the biggest gainer, jumping 6.6%, followed by Nifty Consumer Durables, which rose 6.4%. Nifty Realty and Nifty PSU Bank climbed 5.5% and 2.2%, respectively, while the Nifty Media index ended the week 1.9% higher.

Meanwhile, Nifty IT was the only losing sector in the week, declining 1.3% as investors confidence was dented after Accenture lowered revenue guidance for the financial year ending 2026-27.

India VIX, the volatility gauge, stood at 12.97 levels, slipping 11.9% during the week.

The rally in defence stocks followed media reports suggesting that India is close to finalising a deal with Vietnam for the sale of BrahMos supersonic cruise missiles. During the week, Rajnath Singh said in a post on X that the country’s defence production rose to ₹1.78 lakh crore in FY26 from ₹1.54 lakh crore in FY25. He noted that this reflects a 15.6% year-on-year increase and a 110% rise compared to FY21, when production stood at ₹84,643 crore.

Separately, reports indicated that the Defence Ministry has received around 10 bids from Indian public and private sector firms for its over ₹30,000 crore project to procure 87 Medium-Altitude Long-Endurance (MALE) unmanned aerial vehicles (UAVs) for the Indian Air Force.