The Nifty Midcap segment faced significant pressure this week, with several stocks witnessing steep losses. CRISIL emerged as the biggest loser, dropping 9.24% to close at ₹4,650.10. Bharat Dynamics followed, declining 8.43% to ₹1,009.60, while Biocon tumbled 7.69% to ₹322.50. Other notable losers included Fertilizers and Chemicals (-6.38%), Oracle Financial Services (-6.23%), and Bharti Airtel PP (-6.14%).
The broader market sentiment remained weak as Nifty Midcap 100 and Nifty Smallcap 100 indices declined 1.32% and 0.7%, respectively.
TOP MID-CAP LOSERS THIS WEEK
| Stock | Closing Price (₹) | Weekly Change (₹) | Weekly Change (%) |
|---|---|---|---|
| CRISIL | 4650.10 | -473.35 | -9.24% |
| Bharat Dynamics | 1009.60 | -92.95 | -8.43% |
| Biocon | 322.50 | -26.85 | -7.69% |
| Fertilizers and Chemicals | 706.40 | -48.10 | -6.38% |
| Oracle Financial Services | 8405.00 | -557.95 | -6.23% |
| Bharti Airtel PP | 1187.90 | -77.65 | -6.14% |
Indices End on a Weak Note; Nifty Drops Below 22,800
Markets ended lower on Friday, with the Sensex shedding 420 points and the Nifty closing below the 22,800 mark. Sectoral indices struggled, with 12 out of 13 major indices finishing in the red. The Nifty Metal index was the sole gainer, rising over 1%, while Nifty Auto plunged 2.5% amid reports of a potential import duty cut on EVs from 110% to 15%, paving the way for Tesla’s India entry. Mahindra & Mahindra, Tata Motors, and TVS Motors led the decline.
Friday Market Commentary
Bajaj Broking reported that the Nifty traded with a negative bias, closing 0.51% lower at 22,795.90, marking its lowest closing level of 2025. The Metals index closed higher, gaining 1.02%, while all other sectors ended in the red, falling between 0.3% and 2.6%.
Technical Market Outlook
- Nifty Outlook: The index formed a bearish candle and broke below its three-day low, signaling a continuation of the previous downtrend. If Nifty falls below the crucial 22,700 support level, further declines toward 22,500-22,400 levels could be expected. However, holding above 22,700 may lead to range-bound movement between 22,700 and 23,050 in the coming week.
- Bank Nifty Outlook: Bank Nifty ended at 48,981, forming a bearish candle. It remains in a broader consolidation range of 48,500-50,600. A move above 50,000 could trigger a short-term rebound, while a breakdown below 48,500 could intensify selling pressure.
Market Commentary by Asit C. Mehta Investment Intermediates
According to Hrishikesh Yedve, AVP of Technical and Derivatives Research, Nifty’s gap-down opening on Friday led to selling pressure, resulting in a close at 22,796. However, India VIX declined by 1.03% to 14.53, suggesting reduced market volatility. On a daily chart, Nifty formed a small red candle, while a doji candle appeared on the weekly chart, indicating uncertainty. Nifty Smallcap 100 and Midcap 100 indices, however, ended the week with green candles, signaling buying interest in select pockets.
Similarly, Bank Nifty consolidated in the 48,500-49,650 range. A breakout on either side will determine the next directional move, making these levels crucial for traders in the coming sessions.
