Particle.news

Download on the App Store

Indian Stock Markets Post Best Weekly Gains Since October 2024

Ceasefire between India and Pakistan, coupled with robust institutional inflows, propels Sensex and Nifty to multi-month highs despite Friday's profit-taking dip.

Image

Overview

  • The Sensex surged 2,876.12 points (3.62%) to close at 82,330.59, while the Nifty climbed 1,011.80 points (4.21%) to end at 25,019.80 for the week ending May 16.
  • Investor wealth grew by a record ₹26.4 lakh crore, with 60% of the gains occurring on Monday after the India-Pakistan ceasefire announcement.
  • Midcap and smallcap indices outperformed, rising 6.87% and 9.21% respectively, marking the smallcap index's best weekly performance in five years.
  • Foreign Portfolio Investors (FPIs) and Domestic Institutional Investors (DIIs) were net buyers, injecting ₹13,284 crore and ₹9,557 crore, including $1 billion of FPI inflows on Friday.
  • Profit booking in Technology, IT, and Bankex stocks led to a slight dip on Friday, but market sentiment remains optimistic due to strong inflows and easing geopolitical tensions.