Mumbai, May 17
Indian stock markets witnessed a stellar rally in the week ended May 16, delivering over 4 per cent returns to investors and recording the best weekly performance since the week ending October 4, 2024.
The benchmark Nifty surged by 1,011.80 points or 4.21 per cent - marking its strongest weekly gain in more than seven months.
Similarly, the Sensex jumped 2,876.12 points or 3.62 per cent -- reflecting robust investor confidence.
Mid and small-cap stocks outperformed large-caps during the week. The Nifty Midcap 100 index rallied 7.21 per cent, while the Nifty Smallcap 100 index rose by over 9 per cent -- showcasing a broad-based market recovery.
Sector-wise, Defence stocks led the gains with a sharp 17.2 per cent surge, followed by realty (10.78 per cent), metals (9.28 per cent), media (9.10 per cent), and public sector enterprises (7.28 per cent).
Most sectoral indices ended the week in the green. Among the top gainers on the Sensex during the week were Tata Steel (10.3 per cent), Tech Mahindra (8.3 per cent), Eternal (Zomato, 8.2 per cent), Adani Ports (7.7 per cent), Bajaj Finserv (6.1 per cent), and Maruti Suzuki (6.1 per cent).
On the losing side, IndusInd Bank declined 4.6 per cent, Bharti Airtel fell 1.9 per cent, and Sun Pharma dipped 0.6 per cent.