Weekly Market Recap: Indian Markets Soar, Nifty Clocks Best Weekly Gain in Six Weeks

Indian equity markets witnessed a strong close to the week, with both the Nifty and Sensex recording their best weekly gains in the last six weeks, each rising by 2%. This impressive performance was largely spearheaded by the financial services sector, alongside robust showings from metal and media stocks.

Sectoral Highlights and Top Performers

The Nifty Metal index emerged as the top sectoral gainer this week, marking its highest rise since May 2025. Both Nifty Media and Metal sectors gained over 4% for the week, indicating strong investor interest.

Among individual stocks, Adani Enterprises stood out with an 8% gain for the week, ending among the top performers. The broader market also saw significant gains, with the Nifty Smallcap 250 advancing by 4.3% (its best weekly gain since May 2025) and the Nifty Midcap 150 rising by 2.6%. Vodafone Idea, a midcap constituent, jumped over 12% for the week.

Rupee Strengthens, Dollar Weakens

The Indian Rupee closed 21 paise stronger against the US Dollar at 85.49, after closing at 85.70 a dollar on Thursday. This strengthening comes as global analysts, like Christopher Wood of Jefferies, suggest pulling money out of the US dollar (a safe-haven currency) and investing in Asia-Pacific emerging market currencies, given the dollar index has slumped to its lowest level since March 1, 2022.

Corporate News and Developments

Here's the information presented in bullet points:

• J.G. Chemicals: Recommended a final dividend of ₹1 per share for Financial Year 2025.
• NITCO: Entered into a joint venture agreement with Total Environment Building Systems for land development in Alibaug.
• JSW Group: Announced its intention to acquire Akzo Nobel India's decorative paints business, operating under the Dulux brand.
• Mazagon Dock Shipbuilders Ltd.: Board approved a stake acquisition in Colombo Dockyard PLC for ₹452 crore.
• Equitas Small Finance Bank: Re-appointed Sridharan N as Chief Financial Officer (CFO) for a one-year term.

New Orders and Investments

• Ahluwalia Contracts: Secured two construction orders totaling ₹1,103 crore from Whiteland Corp and Nestled Haven Estates.
• Sobha Ltd.: Plans to invest around ₹800 crore to develop 'SOBHA Aurum', a luxury housing project in Greater Noida.
• Mahindra Lifespace Developers Ltd.: Appointed as the developer for a major redevelopment project in Mumbai, with an estimated gross development value of ₹1,250 crore.
• Power Sector (Adani Power Ltd, Tata Power Co, Torrent Power Ltd): Saw surges in share price after applying to distribute electricity in various parts of Maharashtra.
• Western Carriers India Ltd: Share price jumped after securing two orders from Jindal Stainless Ltd. worth ₹230 crore and ₹558 crore.

Regulatory Updates and Market Trends

The Securities and Exchange Board of India (SEBI) granted a registration certificate to Jio BlackRock Broking, enabling it to operate as a stockbroker. Wakefit Innovations Ltd. filed preliminary papers for an IPO worth up to Rs 468.22 crore in fresh issues.

The EMS (Electronics Manufacturing Services) sector is experiencing a boom, driven by supportive government policies, strong domestic demand, and global shifts away from China, with electronics production projected to grow at a 27% CAGR over FY23–28.

Global Market Snapshot

Globally, gold prices declined as geopolitical tensions eased, while oil prices rose due to declining US crude inventories and picking summer demand. Most Asia-Pacific markets traded higher, though China's CSI 300 erased gains after weak industrial production data. US futures remained flat as traders awaited further clarity on the Federal Reserve's policy outlook, with expectations of two rate cuts this year.

Read more: Upcoming Bonus Shares in July 2025: CONCOR, Roto Pumps and More.

Conclusion

The Indian markets concluded the week on a high note, demonstrating resilience and strength across various sectors. Strong foreign inflows, positive corporate developments, and a strengthening Rupee contributed to this bullish sentiment. As India continues to navigate global economic dynamics, the robust performance of key indices and sectors bodes well for investor confidence.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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