Weekly wrap: NIFTY50 and SENSEX fall 1.2% for the week; NIFTY IT top loser, while FMCG top sectoral gainer

Indian equity benchmarks ended near day’s low points on Friday, with both the Nifty and Sensex closing with significant losses, weighed down by heavy selling in IT and TECK stocks following lower-than-expected Q1 earnings from Tata Consultancy Services (TCS). Markets made a gap-down opening and remained under pressure throughout the session, amid uncertainty surrounding US President Donald Trump's trade policies, as he continues to threaten elevated tariffs across various sectors and countries.

Foreign fund inflow: Traders overlooked exchange data showed Foreign Institutional Investors (FIIs) bought equities worth Rs 221.06 crore on Thursday.

The BSE Sensex ended at 82500.47, down by 689.81 points or 0.83% after trading in a range of 82442.25 and 83040.74. 8 stocks were advancing against 22 stocks declining on the index. On a weekly basis, SENSEX lost 932 points or 1.1% to close at 82,500 levels.

Top weekly gainers & Losers in SENSEX

Despite the broader weakness in the market, Hindustan Unilever (+7.7%), Kotak Mahindra Bank (+4.1%) and NTPC (+2.1%) were the top gainers for the week. Meanwhile, Titan (-8.9%), HCL Technologies (-5.1%) were the top losers for the week in SENSEX

Among the broader indices, the NIFTY midcap 100 index lost over 1000 points or 1.7% to close at 1.7% lower for the week. The NIFTY smallcap 100 index too lost fell 269 points or 1.4% to close at 18,763 level.

The NIFTY50 ended at 25149.85, down by 205.40 points or 0.81% after trading in a range of 25129.00 and 25322.45. 11 stocks were advancing against 39 stocks declining on the index. On a weekly basis, the NIFTY50 lost 311 points or 1.2% for the week.

Top weekly gainers and losers in NIFTY50

Hindustan Unilever (+7.7%), Kotak Mahindra Bank (+4.3%) and NTPC (+2.1%) were the top weekly gainers on the index. Meanwhile, Titan (-8.8%), HCL Technologies (-5.1%), Apollo Hospitals (-4.8%) were the top weekly losers in the NIFTY50.

Sectoral gainers and losers

Among all the sectoral indices, NIFTY Pharma (+0.7%) and FMCG (+0.5%) were the top two sectoral gainers on Friday. Meanwhile, the NIFTY IT (-1.8%) and Auto (-1.4%) were the top two sectoral losers on Friday.

Weekly sectoral gainers

On a weekly basis, NIFTY FMCG stood as the top sectoral gainer with 2.1% gains, largely led by a nearly 5% move in Hindustan Unilever on Friday. In addition, shares of Godrej Consumer (+7.7%), Dabur India (+7.7%) Emami (+4.2%) also contributed to the overall gains for the index.

Weekly sectoral losers

The IT sector stood as the top sectoral loser with 3.8% losses for the week. Ths sharp plunge in IT stocks was primarily due to weak results by sector leader TCS, which reported 6% jump in net profit with a weak commentary. Among the losers, Persistent systems (-5.4%), Oracle Financial Services Software (-5.2%), HCL Technologies (-5.2%) and TCS (-4.5%) were the top weekly losers.