Nifty, Sensex Snap 4-Week Winning Streak With 0.3% Weekly Loss Despite Friday’s 828-Point Rally

Authored By HDFC SKY | Last Modified: Jul 17, 2026 01:28 PM IST

Mumbai, July 11: The Indian equity benchmarks concluded the trading week on a volatile note, snapping their longest weekly winning streak of the year. Despite a sharp rebound on the final trading day, both the Sensex and the Nifty 50 ended the week with marginal losses, retreating from the 10-week highs touched on Monday.

The market witnessed its steepest single-day fall in over three months mid-week, triggered by an escalation in US-Iran tensions and a consequent spike in crude oil prices. However, Friday’s broad-based recovery, led by information technology and energy heavyweights, helped trim the weekly losses, with investors gaining nearly ₹6 lakh crore in market capitalisation in a single session.

The benchmark BSE Sensex ended Friday’s session at 77,569.39, surging 827.57 points, or 1.08%. The Nifty 50 closed at 24,206.90, rising 244.10 points, or 1.02%. For the entire week, however, both indices declined by 0.3% each, effectively snapping a four-week winning streak. The broader markets significantly outperformed the frontline indices, with the Nifty Midcap 100 rising 1.38% and the Nifty Smallcap 100 advancing 1.58% on Friday. The Nifty Bank index climbed 1.39% to settle at 58,045.90.

Monday’s 521-Point Sensex Rally Led by HDFC Bank and Auto Stocks as Nifty Hits 24,430

The week commenced on a strong note, with the Sensex rising 521 points to close at 78,285, while the Nifty gained 160 points to settle at 24,430, ending near the day’s high. The Nifty Bank advanced 353 points to 58,292, while the Midcap Index added 281 points to close at 62,472. HDFC Bank emerged as the top contributor to the Nifty’s gains, with the stock rising 4% after its healthy first-quarter business update. Reliance Industries ended higher for the second straight session and closed above its 20-day moving average.

Mahindra & Mahindra was also among the top contributors to the Nifty’s gains. Realty and auto stocks were the top-performing sectoral indices during the session. Kotak Mahindra Bank was the top Nifty loser, falling 4% as CASA declined sequentially. Premier Explosives fell over 4% after announcing a board meeting scheduled for July 9. Vedanta Oil & Gas declined 9% as production fell across all units.

Stock-specific action supported the broader market: Dixon Technologies shares jumped 7% after Investec raised its target price to ₹16,200 per share. Diamond Power hit the 10% upper circuit after securing an order worth ₹436 crore. CreditAccess Grameen gained over 2% as asset quality improved and disbursements rose 12% year-on-year. Bandhan Bank advanced 4% after reporting 7% year-on-year growth in total deposits for the first quarter. From the Sensex basket, HDFC Bank, Hindalco Industries, Bajaj Auto, Oil and Natural Gas Corporation, TVS Motor Company and Mahindra & Mahindra were the major gainers.

Wednesday’s Steepest Single-Day Fall in 3 Months: Nifty Drops 200 Points as US-Iran Tensions Spike

Indian equity markets came under severe pressure on Wednesday, with the Sensex and Nifty 50 declining close to 1% each, extending their losses for the second straight session. The Nifty 50 was trading with losses of over 200 points, while the Sensex was down close to 700 points at one point.

The Nifty Midcap 100 and Nifty Smallcap 100 indices declined more than 0.2% each. The benchmark BSE Sensex fell more than 600 points, while the Nifty 50 declined nearly 0.8% to slip below the 24,200 level. The sharp selloff was triggered by an escalation in US-Iran tensions and a consequent spike in crude oil prices.

ONGC emerged as the top performer on the Nifty index on Wednesday, gaining 1.15% to close at ₹247.00. It was followed by Bajaj Auto, which rose 0.65%, while Hindalco Industries and Coal India also ended the session with modest gains.

On the losing side, InterGlobe Aviation (IndiGo) was the biggest drag, falling 5.10%. Jio Financial Services declined 5.02%, while Shriram Finance, Maruti Suzuki, Hindustan Unilever, Tata Consumer Products, Max Healthcare, Bajaj Finance, Kotak Mahindra Bank and TVS Motor Company also finished substantially lower.

Thursday’s 238-Point Recovery Led by Sun Pharma and Bharti Airtel After Sharp Selloff

Indian equity benchmarks staged a recovery on Thursday after suffering their steepest single-day decline in more than three months in the previous session. However, both indices surrendered a large part of their intraday gains before the close.

The NSE Nifty 50 settled 80.75 points, or 0.34%, higher at 23,962.80, while the BSE Sensex advanced 238.22 points, or 0.31%, to close at 76,741.82. Bharti Airtel emerged as the biggest contributor to the Nifty’s gains, followed by HDFC Bank, Sun Pharmaceutical Industries, Eternal and Reliance Industries. On the downside, Infosys exerted the biggest drag on the benchmark index, followed by Dr Reddy’s Laboratories, Axis Bank, Maruti Suzuki and NTPC.

Among the Nifty 50 constituents, Sun Pharmaceutical Industries was the top performer, rising 2.67%. Bharti Airtel gained 2.28%, Bajaj Finserv advanced 2.16%, InterGlobe Aviation climbed 2.06%, while Eternal added 2.01%. On the losing side, Dr Reddy’s Laboratories tumbled 5.89% to emerge as the biggest laggard.

Infosys declined 1.73%, Maruti Suzuki slipped 1.60%, NTPC lost 1.40% and Oil & Natural Gas Corporation (ONGC) fell 1.36%. The Nifty IT index ended almost unchanged, edging up 0.03% to 27,564.45.

Friday’s 828-Point Rally: IT and Realty Stocks Lead as Nifty IT Index Gains 1.96%

Friday’s market rally was underpinned by a robust performance from the information technology sector, following better-than-expected quarterly results from Tata Consultancy Services (TCS). The Nifty IT index surged 1.96% on the day. The rally in IT stocks came on the heels of a strong overnight surge in US semiconductor shares, which lifted global risk sentiment.