
The stock market witnessed a sharp decline of over 2% this week, as volatility gripped investors due to global and domestic factors. While several stocks faced heavy losses, a few managed to defy the trend and delivered notable gains.
Market Performance This Week
- The benchmark indices experienced a downward trend, impacted by economic concerns and profit-booking by investors.
- Sectors like IT, banking, and metals contributed to the overall decline, while select stocks in FMCG and pharmaceuticals showed resilience.
Biggest Losers of the Week
- Several blue-chip and mid-cap stocks saw significant declines.
- Stocks from banking, technology, and infrastructure sectors were among the hardest hit.
Top Gainers of the Week
- Despite the market downturn, some stocks managed to deliver positive returns.
- Select defensive stocks, pharma, and energy stocks remained strong due to steady demand and positive developments.
What’s Ahead?
- Investors are now looking at key global trends, corporate earnings, and economic indicators that could influence the market next week.
- Analysts suggest caution but also highlight opportunities in fundamentally strong stocks for long-term investors.