WEEKLY REPORT
Indian equity markets snapped a six-week losing streak, posting their best weekly gains since February 2021, supported by improving global cues, a strengthening rupee, a slowdown in FII selling, and easing geopolitical tensions following signs of de-escalation in the US–Iran conflict.
For the week, the BSE Sensex jumped 4,230.70 points (5.77%) to end at 77,550.25, while the Nifty 50 climbed 1,337.5 points (5.88%) to settle at 24,050.60, marking their best weekly performance since February 2021.
During the week, HDFC Bank recorded the highest addition in market capitalisation, followed by ICICI Bank, Bajaj Finance, and Larsen & Toubro. On the other hand, Sun Pharmaceutical Industries, Infosys, and Reliance Industries saw erosion in their market capitalisation.
All sectoral indices ended the week in the green. The Nifty Realty Index led the gains, rising 13%, followed by the Nifty Capital Market Index which advanced 11.7%. The Nifty Auto Index surged 11.5%, while the Nifty Consumer Durables Index jumped over 9%. The Nifty India Defence Index also posted strong gains, rising 9.2%.
Among the broader market indices, both Nifty Mid-cap index and the Nifty Small-cap indices climbed higher by 8 and 7.6 percent this week.
Foreign Institutional Investors (FIIs) remained net sellers in Indian equities for the seventh consecutive week, albeit at a moderated pace, offloading shares worth ₹20,710.35 crore. Meanwhile, Domestic Institutional Investors (DIIs) extended their buying streak, purchasing equities worth ₹21,602.32 crore.
The Indian rupee extended its winning streak against the US dollar for the second consecutive week, appreciating by 37 paise to close at 92.73 on April 10, compared to 93.10 on April 2.
ECONOMY NEWS
US GDP Growth Revised Lower
The Q4 GDP growth of the US was revised down from 0.7% to 0.5%. This slowdown continued from Q3 where the growth declined from 4.4%. This lag was due to weaker business investment and softer consumer spending. Despite this, the corporate profits remained strong showing some adaptability.
Global food insecurity rises
The ongoing West Asia war has caused increase in food insecurity globally. Other factors such as rising oil, gas and fertilizer prices are pushing food prices. This warning by IMF, World Bank and World Food Programme is due to the disruptions to energy and supply chains are worsening the situation, with risks of wider hunger if conflict continues.
STOCKS IN NEWS
HAL
Shares of Indian Defence company Hindustan Aeronautics has climbed almost 12 percent this week. This increase is due to broad based rally on Friday and the Finance Ministry Seceratary visit to the HAL facility.
Godrej Properties
Shares of Godrej Properties Limited rose almost 15 percent over the week, following a positive business update for the fourth quarter. The company reported a strong operational performance for FY2026. Booking value rose 16 percent to Rs 34,171 crore, marking the highest-ever annual booking value reported by an Indian real estate developer.
Coal India
Coal India Ltd shares fell sharply this week, dropping over 4 percent, making the company a top loser. The decline follows the state-run miner’s indication that it is absorbing a sharp rise in input costs while taking pricing measures aimed at keeping coal affordable for consumers.
Honasa Consumer
Shares of Honasa Consumer, the parent of Mamaearth, rose almost 15 percent over the week, as a result of strong Q4 business updates. In its Q4 business update released on Thursday, April 9, the company said it expects to deliver a robust performance in Q4 FY26.
Source – Moneycontrol, Reuters
