WEEKLY REPORT
Indian benchmark indices ended higher for the second consecutive week, aided by easing crude oil prices, improving foreign fund flows following positive developments in the Middle East, and an appreciating rupee. Continued support from domestic institutional investors also helped underpin sentiment, enabling the market to close in positive territory despite Friday’s sharp IT-led selloff triggered by Accenture’s weak revenue guidance and concerns over global technology spending.
For the week, the BSE Sensex rose +183.13 points, or 0.24%, to close at 76,802.90, while the Nifty 50 rose +67 points, or 0.28%, to end at 24,013.10.
Except Nifty IT Index (down 1.3%), all other sectoral indices ended higher with Nifty India Defence index rose 6.5%, Nifty Consumer Durables added 6.4%, Nifty Realty jumped 5.5%, Nifty Capital Markets rose 4.2%.
The Nifty Midcap 100 index jumped nearly 3 percent and The Nifty Smallcap 100 added 3.2 percent.
Foreign Institutional Investors (FIIs) turned net buyers in this week as they bought equity shares worth ₹3,386.33 crore, while Domestic Institutional Investors (DIIs) continued to lend support to the market, purchasing equities worth ₹7,107.89 crore.
The Indian rupee erased previous week losses and ended higher by 78 paise 94.33 against the US dollar, compared with 95.11 in the previous week.
ECONOMY
🇮🇳 India: Merchandise exports grew 16.09% YoY to $88.91 billion during Apr–May 2026. Inflation concerns persisted due to higher fuel and food prices, though hopes of lower oil prices and a stronger rupee emerged after the US-Iran peace breakthrough.
🌏 Asia: The Bank of Japan raised interest rates to a 31-year high, while Australia kept rates unchanged amid slowing growth. Asian markets rallied, led by Japan’s Nikkei, on easing geopolitical tensions.
🌐 Global/Europe: A US-Iran peace agreement lifted global sentiment, pushing oil prices lower and equities higher. The G7 Summit in France focused on macroeconomic stability, trade cooperation, and avoiding future financial crises.
STOCKS IN NEWS
Sonata Software
Shares of Sonata Software surged more than 13% in intraday trade on this week after investors reacted positively to the Chennai bench of the National Company Law Tribunal’s (NCLT) approval of the merger of its wholly owned subsidiary, Encore IT Services Solutions Pvt Ltd, with the company.
Suzlon Energy
Suzlon Energy shares rose over 5% on this week after Union Renewable Energy Minister Pralhad Joshi asked the Wind Independent Power Producers Association (WIPPA) and the Indian Wind Turbine Manufacturers Association (IWTMA) to submit a detailed assessment of ageing wind turbines across the country that can be repowered, within the next 30 days.
New India Assurance Company Ltd
New India Assurance Company Ltd (NIACL) shares climbed 28% percent on this week, extending gains after the National Stock Exchange (NSE) on June 17 filed its draft red herring prospectus (DRHP) with market regulator Sebi for its proposed initial public offering (IPO).
Cohance Lifesciences Ltd
Shares of Advent-backed Cohance Lifesciences declined nearly 6 percent on this week after the company said it accepted the resignation of its Whole-time Director and Chief Financial Officer Himanshu Agarwal.