Stock Market Highlights: The Nifty settled below the 26,100 mark, shutting shop at 26,068 with 30 of its constituents ending lower. The Sensex fell 401 points to 85,232. The Midcap index tumbled 687 points to 60,276, while the Nifty Bank dropped 480 points to 58,867 as broader market underperformance persisted.
The domestic equity market ended the week on a mixed note, with headline indices posting gains even as broader markets came under pressure. The Sensex and Nifty rose for the second straight week, each adding around 1%, supported by strength in IT and select largecaps. In contrast, the Midcap index slipped 1% for the week, turning negative after recording sharp losses on Friday.
Throughout the week, midcaps were the biggest drag, with the index logging its worst weekly performance following Friday’s steep fall. Realty and metal counters were among the hardest hit, shedding 3–4%, while IT stocks emerged as standout performers with the sectoral index rising 2%. Among Nifty constituents, Max Health, Eicher Motors, Bharti Airtel and Axis Bank topped the gainers’ list, while Tata Motors PV, Tata Steel, Jio Financial and Adani Power were the major losers. In the midcap space, Vodafone Idea, Supreme Industries, Bharat Dynamics and Tube Investments were the worst performers.