The Indian stock market ended the week on a strong and positive note. After a shaky start in the morning, both Sensex and Nifty bounced back sharply from their day’s lows and managed to close higher. The real action, however, was seen in Bank Nifty and Midcap stocks, which showed strong recovery and helped lift overall market sentiment.
A Recovery-Filled Friday
On the last trading day of the week, investors finally got to see a bit of relief. The session began with weakness due to mixed global cues, but buyers slowly took charge as the day progressed. The Sensex and Nifty recovered most of their early losses and ended in positive territory. The Bank Nifty index played a key role in supporting the rebound, while the Midcap Index also showed good strength. Analysts say the buying in financials and select midcap stocks gave confidence to traders, signaling that domestic sentiment remains firm despite foreign selling earlier in the week.
Broader Market Movement
Throughout Friday’s session, the Nifty Bank and Midcap Index were the standout performers. Both bounced back from lower levels, showing resilience even when other sectors were mixed. The positive momentum in midcap and banking stocks helped the overall market stabilize and end on a strong note. Investors also preferred to accumulate stocks at lower levels, indicating growing confidence in the Indian market’s near-term outlook.
Stocks in Focus
Stocks That Came Under Pressure
- Bharti Airtel slipped after a large block deal early in the day.
- Tata Consumer, Cholamandalam Investment & Finance, Apollo Hospitals, and Mahindra & Mahindra also lost ground after announcing their quarterly results.
Stocks That Gained Momentum
- L&T Finance surged after heavy buying activity.
- BSE, Bank of Maharashtra, and Aditya Birla Capital also gained nicely, lifting the broader midcap sentiment.
The momentum in financial and capital market stocks was one of the main reasons behind the market’s steady comeback.
Weekly Trend: FII vs DII Activity
If we look at the overall trend for the week ending, the data paints a clear picture of contrasting investor behavior.
- Foreign Institutional Investors (FIIs) turned net sellers, pulling out more than ₹6,000 crore from Indian equities. This shows that global investors remained cautious amid uncertain global cues.
- Domestic Institutional Investors (DIIs), on the other hand, were strong buyers, investing nearly ₹10,000 crore during the same period.
Friday’s Snapshot
Interestingly, both FIIs and DIIs turned buyers on Friday, helping the market end the week on a positive note.
- FIIs’ net buying: ₹4,581 crore
- DIIs’ net buying: ₹6,674 crore
These inflows reflect strong domestic confidence in India’s growth story and the overall resilience of the market.
Bank Nifty Steals the Show
After starting on a weak note, the index witnessed a remarkable recovery during the second half of the session. Buying in major banking names like HDFC Bank, ICICI Bank, and Axis Bank helped the index move sharply higher from its intraday low.
From a technical point of view, Bank Nifty managed to hold above key short-term resistance levels, which signals underlying strength in the banking space.
Experts noted that the kind of bounce Bank Nifty showed in the second half was impressive and helped boost overall market confidence.
What to Expect Next Week
Market analysts believe that if Bank Nifty continues to hold above its current short-term trendline, the momentum may continue into next week.
Here’s what traders should watch out for:
- Sustained DII inflows could keep the market supported.
- Stock-specific moves are likely to dominate due to ongoing earnings season.
- Global cues and oil prices might influence short-term sentiment.
The overall setup suggests that the market could remain range-bound with a positive bias, as long as domestic buying remains strong.
Conclusion
Despite mixed global trends and selective profit booking, the Indian stock market has once again shown its ability to bounce back. Strong domestic participation, a healthy banking sector, and steady midcap activity continue to be the backbone of this recovery.
source: CNBC
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