Indian Equity Markets Decline Amid Global Uncertainty

Key Highlights

• The Sensex declined 1,097 points (1.37%) to settle at 78,918.90 on Friday.
• The broader Nifty fell 315.45 points (1.27%) to close at 24,450.45.
• Both indices lost about 2.9% each for the week, marking their steepest decline since December 2024 and February 2025, respectively.

Market Analysis

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The Indian equity markets declined on Friday, weighed down by concerns over the conflict in West Asia and its impact on crude oil prices. The Sensex and Nifty both fell, with the Sensex closing at 78,918.90 and the Nifty at 24,450.45.

Sectoral Performance

• 15 out of 16 major sectors declined during the week.
• Small-cap and mid-cap indices fell 2.5% and 2.9%, respectively.
• Financial and banking stocks declined around 4.5% each.
• Defence stocks outperformed the broader market, gaining nearly 6% during the week.

Top Losers

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• Tata Motors Passenger Vehicle: declined 9.6%
• Larsen & Toubro: fell 11.7%
• HDFC Life Insurance: down 6.61%
• Tata Steel: dropped 8.28%

Top Gainers

• Paras Defence and Space Technologies: gained 6%
• Solar Industries India: emerged as a top gainer in the defence sector.