The Nifty 50 index continued its downward trend by recording its sixth straight weekly loss, a streak not seen since the early phase of the pandemic in February-March 2020, when the index corrected for seven consecutive weeks.
This week, the Nifty Bank index witnessed a sharp decline of over 350 points during the trading session and closed nearly 600 points lower by the week’s end. Meanwhile, the Nifty Midcap index faced a significant drop, closing 660 points down intraday and 936.1 points lower on the weekly close.
Despite the broader market weakness, some heavyweight stocks within the Nifty 50 index defied the bearish trend and delivered notable gains.
Top Nifty Gainers for the Week
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Hero MotoCorp – ₹4,599.80, up 6.7% this week.
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Titan Company – ₹3,460.20, up 4.4% this week.
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Tata Steel – ₹158.00, up 3.2% this week.
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Tech Mahindra – ₹1,480.40, up 2.9% this week.
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HDFC Life Insurance – ₹761.60, up 2.7% this week.
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Trent – ₹5,317.00, up 2.6% this week.
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Eicher Motors – ₹5,663.00, up 2.4% this week.
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Maruti Suzuki India – ₹12,590.00, up 2.3% this week.
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Bajaj Auto – ₹8,224.00, up 2.2% this week.
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SBI Life Insurance – ₹1,833.60, up 2.1% this week.
