Weekly Wrap: NIFTY50 up 0.3%, SENSEX ended with gains this week; Grasim Industries, Wipro, among top gainers

The NIFTY50 index gained 0.3% or 75.80 points to close at 23,719 points this week, while the BSE SENSEX index rose 0.2% or 177.36 points to close at 75,415.35 points as of the week ended Friday, May 22.

Although the market sentiment remained mixed throughout the week, the investors focused on a stock-specific approach based on the latest round of Q4 result announcements, while the global cues continue to drive the wider market sentiment.

Experts suggest that the key focus in the markets remained on any positive developments over the weekend, which have the potential to aid the sentiment of investors amid the rising threat of further escalations and attacks in West Asia.

Stock market recap

After Friday’s trading session, the benchmark NIFTY50 index closed 0.27% or 64.60 points higher at 23,719.30 points on Friday, compared to 23,654.70 points at the previous market close, according to the exchange data.

Meanwhile, the BSE SENSEX index closed 0.31% or 231 points higher at 75,415.35 points after the trading session on May 22, compared to 75,183.36 points at the previous market close.

With a positive opening, the stock market witnessed strong buying support from the banking and financial services stocks, amid a stronger Indian rupee rate and lower crude oil prices. However, the investors remained cautious, monitoring the global market cues and corporate earnings.

Factors impacting markets this week

This week, the Indian stock market continued to witness foreign investment outflows, as investors shifted away from emerging market bets amid a heightened geopolitical situation due to the US-Iran conflict.

Despite the weak global market trends, the domestic indices witnessed support from the investment commitments of around $60 billion from US-based companies in India, while the country now looks forward to sealing a bilateral trade agreement with the United States.

Latest reports from the West Asia conflict showed that the United States awaits a positive outcome of negotiations with Iran over the weekend. If both sides again fail to reach a potential peace deal, then America is prepared to carry out a ‘large-scale’ offensive against Iran.

Investors remained cautious as any escalations on the West Asian front can lead to an extension of the war, which has completed its 12th week since the beginning in the end of February 2026. Key focus will remain on talks over the weekend and on Trump’s move about whether or not he decides to launch fresh attacks on Iran.

Amid the dynamic geopolitical developments, NSE data showed that the foreign investors maintained their selling streak for a third trading session on Friday, with FIIs selling ₹4,440.47 crore worth of assets from the capital market segment.

While FIIs were net sellers, significant support came from the domestic buyers who purchased ₹6,003.53 crore worth of assets in a single day across both exchanges on Friday, as per the official data.

The Indian stock market this week witnessed support from a recovering Indian rupee rate, which earlier dropped to an all-time low of 96.97 against the benchmark US dollar demand.

The week started off with the Indian rupee hitting new lows every single day till Wednesday, after which the currency recovered in the final two trading sessions on subdued dollar demand and lower crude oil prices.

The crude oil prices remained elevated near the $110 per barrel (bbl) region earlier this week, which cooled down to $102 per bbl levels during the evening market session on Friday, May 22.

India, being a highly crude oil import-dependent nation, any changes in crude oil shifts the market sentiment in equities as companies depend on imports of the key energy source. Apart from these factors, key focus also remained on the earnings season as companies post their final quarter results for the year ended 2025-26.

Top NIFTY50 gainers & losers this week

Stocks like Grasim Industries, Wipro, Infosys, Trent, Hindalco Industries, and Tech Mahindra were among the top gainers on the benchmark NIFTY50 index for the week ended Friday, May 22, 2026.

Grasim Industries gained 7.5%, Wipro gained 6.9%, Infosys gained 5%, Trent gained 4.8%, Hindalco gained 3.9%, and Tech Mahindra gained 3.8% this week.

Others like Power Grid Corp., Tata Steel, Tata Consumer Products, Oil & Natural Gas Corp. (ONGC), Hindustan Unilever (HUL), and Max Healthcare Institute were among the top laggards this week.

Power Grid Corp. lost 3.8%, Tata Steel lost 3.5%, Tata Consumer Products lost 3.4%, ONGC lost 3.1%, HUL lost 3%, and Max Healthcare Institute lost 2.6% in the week ended Friday, May 22, as per NSE data.

Top sectoral movers this week

On a weekly basis, the sectoral benchmark indices, Nifty IT, Nifty Realty, and Nifty India Defence index were the top three gainers for the week ended Friday, May 22. While others like the Nifty Capital Markets Index, Nifty Oil & Gas, Nifty Private Bank, and Nifty Energy were also among the gainers this week.

Data collected from the NSE website showed that the Nifty IT gained 4.7%, the Nifty Realty gained 2.4%, and the Nifty India Defence index gained 1.1% this week. Others, like Nifty Capital Markets Index was up 1.1%, Nifty Oil & Gas was up 1.1%, Nifty Private Bank was up 1.1%, and Nifty Energy was up 1.1% for the week ended Friday.

Other stocks like the Nifty Media lost 4.3%, Nifty FMCG lost 1.6%, Nifty PSU Bank was down 0.3%, Nifty Pharma was down 0.2%, and Nifty metal was down 0.2% as of this week’s closing.

India’s volatility index, the Nifty India VIX was down 4.7% due to the investors looking forward to any positive development on the West Asia front amid the fragile ceasefire agreement.

Midcap stocks this week

The Nifty Midcap index has risen 1.4% in the week ended on Friday, May 22, closing 0.14% higher at 61,389.30 points after the final trading round, compared to 61,300.60 points at the previous market close, according to NSE data.

Stocks like Tata Communications up 16.9%, GE Vernova T&D India up 11.7%, Lenskart Solutions up 9.5%, Jitachi Energy India up 9.3%, Coforge up 8.2%, and Page Industries up 7.2% were among the top gainers.

Others like PI Industries down 10.7%, Mahindra & Mahindra Financial Services down 6.6%, LG Electronics India down 5.7%, Jubilant FoodWords down 5.4%, Godfrey Phillips India down 4.5%, Rail Vikas Nigam Ltd down 4.2% were among other top losers this week.

Smallcap stocks this week

Smallcap benchmark index, the Nifty Smallcap 100 gained 0.4% in the last one week ended Friday, May 22, after it closed 0.15% lower at 17,956.20 points, compared with 17,983.05 points at the previous market close.

NSE data showed that smallcap stocks like, Gland Pharma gained 24.9%, Triveni Turbine up 16.5%, Firstsource Solutions up 13%, JSW Cement was up 12%, Deepak Fertilisers and Petrochemicals Corp. up 11.8%, and Angel One up 10.6% were among the gainers this week.

While others like, Amber Enterprises lost 13.2%, KEC International Lost 11.6%, Afcons Infrastructure lost 10.8%, Pine Labs dropped 6.3%, Delhivery lost 5.9%, and Ather Energy lost 5.7% in the week ended on Friday.