The Impressive TimesMumbai, May 3: The Indian equity markets remained firm through the week, with the BSE Sensex surging 1,289.46 points, or 1.63 percent, to settle at 80,501.99, driven by robust corporate earnings and a series of positive domestic data releases. The Nifty index also advanced 307.35 points, or 1.28 percent, ending at 24,346.70.
Of the four trading sessions this week, markets ended in the green on three days, while one session saw profit-booking. Looking ahead, investors will keep a close eye on geopolitical developments, tariff disputes, and broader market trends, which are expected to influence sentiment.
The BSE Mid-Cap index gained 0.42 percent, closing at 42,707.87, while the BSE Small-Cap index fell by 1.33 percent, ending the week at 47,365.54.
The week began on a strong note, with the Sensex zooming 1,005.84 points on Monday to close at 80,218.37, and the Nifty rallying 298.75 points to 24,328.50, largely fueled by impressive earnings from Reliance Industries. On Tuesday, the rally continued, with the Sensex adding 70.01 points to 80,288.38 and the Nifty rising 7.45 points to 24,335.95, buoyed by strong foreign and domestic institutional inflows.
Wednesday saw some cooling off as the Sensex slipped 46.14 points to 80,242.24 and the Nifty dipped marginally by 1.75 points to 24,334.20. Markets were closed on Thursday for Maharashtra Day. On Friday, optimism over US-India trade negotiations and renewed foreign investor interest lifted the Sensex by 259.75 points to 80,501.99, while the Nifty edged up 12.50 points to 24,346.70.
Among the top gainers during the week, Reliance Industries (RIL) soared 9.38 percent, Adani Ports & Special Economic Zone (APSEZ) climbed 4.11 percent, and Mahindra & Mahindra advanced 2.38 percent.
On the flip side, several auto stocks came under pressure. Tata Motors fell 2.47 percent, Ashok Leyland dropped 2.04 percent, Eicher Motors declined 2.53 percent, Bajaj Auto slipped 2.52 percent, and Hero MotoCorp slumped 3.87 percent. TVS Motor Company shed 1.09 percent, while Adani Enterprises dipped 0.20 percent, UltraTech Cement fell 1.05 percent, Adani Total Gas lost 1.22 percent, Bajaj Finance tumbled 4.99 percent, and Bajaj Finserv also ended in the red.
The market’s resilience this week reflects investors’ optimism, but experts caution that global cues and upcoming economic data will play a key role in shaping the market’s near-term direction.
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