New Delhi, November 9 : After a week of fluctuating trade from Monday to Friday, Indian stock markets closed in the red for the second consecutive week. Analysts attribute the decline to continuous selling by foreign institutional investors (FIIs), uncertainty surrounding India–US trade negotiations, and mixed corporate earnings results, which kept investor sentiment cautious throughout the week.
By the end of the trading week on Friday, the BSE Large-Cap Index declined by 1 percent. Among the top losers were Hindalco Industries, Adani Green Energy, Grasim Industries, Indian Hotels Company, Power Grid Corporation of India, Power Finance Corporation, and Mankind Pharma. On the other hand, Vodafone Idea, Indus Towers, Mahindra & Mahindra, Shriram Finance, Britannia Industries, and Dabur India emerged as the top gainers, registering weekly gains of 5–10 percent.
The BSE Mid-Cap Index witnessed relatively lower losses, slipping by 0.60 percent during the week. Notable gainers in this category included Hitachi Energy India, Phoenix Mills, PI Industries, 3M India, Astral, and L&T Finance, which rose between 5 and 10 percent. Meanwhile, Delhivery, JK Cement, Kaynes Technology India, Blue Star, Ola Electric Mobility, and Clean Science & Technology were among the top losers.
The BSE Small-Cap Index recorded the steepest fall among all segments, dropping by 1.50 percent on a weekly basis.
Within the small-cap space, shares of Utkarsh Small Finance Bank, Fisher Medical Ventures, Worth Investment & Trading, Stallion India Fluorochemicals, Bliss, GVS Pharma, VL-e Governance & IT Solutions, Reliance Infrastructure, Punjab Chemical & Crop Protection, and Reliance Power declined between 15 and 46 percent.
In contrast, strong performers included Thangamayil Jewellery, LG Balakrishnan & Brothers, CCL Products India, Interarch Building Solutions, BLS e-Services, ASM Technologies, Iris Business Services, Raghav Productivity Enhancers, Orchid Pharma, Dredging Corporation of India, Privi Speciality Chemicals, and Redington, which gained 15 to 56 percent on a weekly basis.
In terms of sectoral performance, the Nifty Media Index suffered the sharpest weekly decline of 3.20 percent, followed by the Nifty Defence Index, which dropped 2 percent. The Nifty Metal Index fell 1.70 percent, and the Nifty IT Index declined 1.60 percent. Conversely, the Nifty PSU Bank Index stood out as the best performer of the week, gaining 2 percent.