Sectoral weekly wrap: NIFTY50 and SENSEX close 0.4% lower, PSU Bank, Capital Market and Defence among top sectoral gainers

Indian equity benchmarks ended in negative territory on Friday, as traders remained cautious ahead of the release of gross domestic product (GDP) data scheduled to be released later in the day. After a cautious start, soon markets slipped into the red and stayed lower for the rest of the session, dragged by selling in Metal, IT, and Auto stocks

European markets were trading in green despite Germany's Retail sales decreasing 1.1% every month, in contrast to the 0.9% rise in March. Sales were expected to grow 0.3%. Asian markets ended in red as investors watched the judicial developments surrounding U.S. President Donald Trump's ‘reciprocal’ tariffs.

The SENSEX ended at 81451.01, down by 182.01 points or 0.22% after trading in a range of 81286.45 and 81698.21. 5 stocks were advancing against 25 stocks declining on the index.

The broader indices ended mixed; the BSE Mid-cap index was down by 0.39%, while the Small-cap index was up by 0.17%.

The NIFTY50 ended at 24750.70, down by 82.90 points or 0.33% after trading in a range of 24717.40 and 24863.95. 7 stocks were advancing against 43 stocks declining on the index.

The top gainers on Nifty were Eternal up by 4.35%, SBI up by 1.87%, HDFC Bank up by 0.90%, Larsen & Toubro up by 0.54% and Bajaj Finserv up by 0.32%. On the flip side, Bajaj Auto down by 3.01%, Hindalco down by 2.54%, Shriram Finance down by 1.98%, HCL Technologies down by 1.69% and Tech Mahindra down by 1.63% were the top losers.

Weekly gainers

NIFTY PSU Bank index was the top among the sectoral gainers with nearly 4% gains for the week. The gains were largely led by key PSU Banks like Canara Bank, Punjab National Bank, UCO Bank and Bank of Maharashtra, all gaining more than 5% for the week.

Second on the list is NIFTY Capital Market Index, the capital market-focused index gained 3.3% for the week, led by a strong rally in the BSE Ltd stock, which gained nearly 9% for the week. Followed by CDSL, Nuvama Wealth Management, and Motilal Oswal Financial Services, which gained more than 5% for the week.

NIFTY India Defence index is the third top gainer for the week with 2.7% gains. Shares of companies like Unimech Aerospace and Engineering, BEML Ltd, Zen Technologies and GRSE were the key index movers, which gained in the range of 8% to 26% for the week.

Weekly losers

NIFTY FMCG index lost 2.2% for the week, the highest amongst the sectoral peers. The index was dragged down by stocks like ITC, United Spirits, Godrej Consumer Products, which lost up to 4.3% for the week.

NIFTY India Tourism index was the second loser from the list with losses of up to 1.9%. The Devyani International, Interglobe Aviation, and IRCTC all closed up to 6.7% for the week. While Chalet Hotels, Safari Industries, Valor Estate, and BLS International Services were some key gainers.