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.