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WEEKLY MARKET REPORT
Indian stock markets bounced back this week after a ceasefire was announced between India and Pakistan. This gave investors some relief after the previous week’s drop. However, profit-booking on Friday cut down some of the gains.
Sensex added 2,876 points, or 3.6 percent, to settle at 82,330 for the week. Similarly, the Nifty50 gained 1,012 points, or 4.2 percent, to end at 25,020, logging its highest weekly close since October 4, 2024.
Considering the broader indices, the BSE Large-cap Index increased 2.3 percent, the BSE Mid-cap Index went up 3.1 percent ,and the BSE Small-cap index also went up 2.7 percent.
Among sectors, all the major indices closed in the green zone, with Defence zooming 17 percent, Capital Market added 11.50 percent, and the Realty index climbed 10.85 percent. Notably, the defence sector continued its winning streak for a sixth consecutive session. While the IT and banking sectors had seen a downfall.
In the week, Paras Defence & Space Technologies recorded the highest gain in market capitalisation, followed by Cochin Shipyard and Inox Wind, driven by strong order flows and sector optimism. Meanwhile, Bharti Airtel, IndusInd Bank, Sun Pharmaceutical Industries, and HCL Technologies saw the largest declines in market value amid profit booking and sector-specific concerns.
Foreign Institutional Investors (FIIs) remained net buyers for the week, purchasing Indian equities worth Rs 8,831 crore, marking their second-largest net purchase in 2025. Domestic Institutional Investors (DIIs) were also net buyers, investing Rs 5,187 crore during the same period.
The Indian rupee weakened, closing at Rs 85.37 per US$ on 16 May, versus Rs 84.56 on 9 May, a 0.9 percent weekly slide, as importers rushed for dollars amid profit taking in equities.
ECONOMY
Andhra Pradesh launches Rs 22,000 crore clean energy project
Nara Lokesh, IT Minister of Andhra Pradesh, laid the foundation for a ReNewable Energy Project in Anantapur district on May 16 worth Rs 22,000 crore. He also mentioned that this project will be a starting point for India’s Clean Energy Revolution and will also position Andhra Pradesh as a leader in Renewable energy.
Spread across 2300 acres, this large-scale project is expected to bring in more than 10,000 employment opportunities for the people. The state aims to achieve 72 GW of renewable energy capacity by 2029. Further, the minister also added that more investments are coming towards their region. As he said, over the past eight months, major industry players such as Tata Power, NTPC, Vedanta Serentica, SAEL Industries, and Brookfield have committed substantial investments totaling billions of rupees to various renewable energy projects within the state.
China urges extension of 90-day tariff truce with the US
Global Times, a newspaper backed by the State of China, said that the 90-day tariff pause between the US and China should be extended. The current agreement rates involve the US reducing its tariff on Chinese goods from 145 percent to 30 percent and China lowering its tariff on US goods from 125 percent to 10 percent. This was agreed upon by both countries during the trade talks in Geneva. China emphasizes extending this temporary decision beyond 90 days, since after this period the tariffs may likely rise again. Even though China is open to ongoing cooperation, uncertainties remain around the full implementation of its commitments, especially concerning export controls.
STOCK IN NEWS
Cochin Shipyard
Shares of Cochin Shipyard have seen a massive increase of around 35 percent over the past week, making it the highest gainer of the week. This massive gain is due to the announcement that its consolidated net profit for the fourth quarter was Rs 287.18 crore, up 27 percent year-on-year (YoY) from Rs 258.88 crore in the same period of the previous year.
IRFC
Indian Railway Finance Corporation’s shares surged 12.67 percent after a positive Q4FY25, continuing their upward momentum as analysts remained positive. Despite a 2.1 percent year-on-year (YoY) decline in net profit to Rs 1,682 crore in Q4 FY25, the rail PSU reported a 3.8 percent rise in revenue from operations to Rs 6,722.83 crore.
Muthoot Finance
Finance and Insurance Corporation company, Muthoot Finance, has seen over 7 percent decrease during the week. Despite a 22 percent year-on-year (YoY) surge in consolidated profit after tax (PAT) at Rs 1,444 crore for the fourth quarter ended March 2025, compared to Rs 1,182 crore in the same quarter last year. But investors are speculating that this is due to the decrease in gold price in the last few days.
IndusInd Bank
Shares of this bank have decreased by more than 5 percent due to various reasons. The main one being the CEO and deputy CEO resigning following a derivatives accounting discrepancy, the bank, in an exchange filing, clarified that the internal audit team had found incorrect interest income entries amounting to Rs 674 crore, spread over three quarters of FY25.
Crompton Greaves Consumer Electricals
The shares of one of the well-known players in the fan and appliance space have increased by 6.82 percent over the past week. This is the effect as the company has reported a 22.5 percent rise in Q4 net profit. Increased sales of fans and household pumps, driven by summer off-take, would have driven revenue growth, while a better EBITDA margin indicates increased efficiency.
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