Nifty IT and Realty were the top-gaining indices over the week, rising up to 4%, while PSU indices underperformed, falling nearly 2% each. Grasim, Wipro, Infosys, Trent and Hindalco were among the top Nifty gainers, while Tata Steel, Power Grid, Tata Consumer, ONGC and HUL were top losers.
In the midcap segment, Tata Communications, IRB Infra, Tata Technologies, Coforge and AB Fashion gained, while PI Industries, Newgen Software, Zee Entertainment, M&M Financial Services and L&T Technology Servicesdeclined. Market breadth remained neutral with the NSE advance-decline ratio at 1:1
Market At Close
The equity benchmark indices closed in the green on Friday (May 22) but could not fully hold intraday gains, with Sensex rising 232 points to 75,415 and Nifty gaining 65 points to 23,719. Nifty Bank advanced 616 points to 54,055, while midcaps added 89 points to 61,389.
Rupee rebounded sharply, gaining over 40 paise against the US dollar to close at a one-week high of 95.68 compared with 96.20 in the previous session. It has gained 1.3% from its recent low of 96.96 and 1.2% over two days. Nifty IT extended losses for a third straight session, with Wipro Ltd among the top losers.
From the Sensex basket, Trent Ltd, Shriram Finance Ltd, Axis Bank Ltd, ICICI Bank Ltd, Asian Paints Ltd and Sun Pharmaceutical Industries were the major gainers. Max Healthcare Institute Ltd, Bajaj Auto Ltd Ltd, Oil and Natural Gas Corporation Ltd, ITC Ltd, Power Grid Corporation of India Ltd and Sun Pharmawere the biggest laggards.
Max Healthcare fell nearly 3% after Q4 results below estimates, ITC declined 6% on weak earnings, Maruti slipped 2% on cigarette volume concerns, and RCF ended lower after announcing a price hike of up to ₹30,000 effective June 2026.
On the gainers’ side, GAIL rose 4% after strong Q4 results with EBITDA up 81.6% YoY, while Astral gained 3% despite weak earnings. Dixon Technologies, Tata Communications, JSW Infrastructure and JSW Infrastructure were among midcap gainers. Market breadth remained neutral with the NSE advance-decline ratio at 1:1.
