Weekly recap: All the sectoral indices closed in green; Private & PSU Banks, Realty and Defence top gainers

Indian markets manoeuvred through global turmoil to close in green for the week. Despite a holiday-shortened week, NIFTY50 and SENSEX closed more than 4% higher, outperforming major international indices. In addition, Indian markets also recovered their losses from April 2, after the reciprocal tariffs were announced. Moreover, they were also the first to do so among other global markets.

The strong rally in the Indian markets was primarily driven by strong Foreign investor buying across the board. The FIIS were net buyers for the worth of ₹13,232 crore, and the DIIS were net sellers for the worth of ₹6,500 crore.

NIFTY Private Bank

The private sector lenders were the primary and key gainers for the week with 6.9% gains. Shares of leading private banks like HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank and Kotak Mahindra Bank gained up to 15% for the week. IndusInd Bank(+15%), Axis Bank(+11%) and ICICI Bank(+7%) were the top gainers for the index. The optimism was largely driven due to investors flocking to domestic safe bets amid global turmoil due tariff tariff-induced trade war.

NIFTY Realty Index

Shares of India’s leading real estate players gained during the week after sectoral tailwinds turned favourable after the RBI announced a rate cut of 0.25 bps. The NIFTY Realty index gained 6.95% for the week, with key index components like Anant Raj, Prestige Real Estate Developers, and Macrotech Developers gaining 14% for the week.

NIFTY PSU Bank

Along with the private lenders, the public sector banks also gained on similar cues. The NIFTY PSU Bank index gained 5.68% for the week. The rally was primarily driven by attractive valuations and investors' confidence in public sector banks amid global turmoil. Bank of Baroda, Bank of India, and State Bank of India gained up to 8.5% for the week.

NIFTY India Defence

Shares of key defence players like Mazagon Dock Shipyard, Data Patterns, Unimech Aerospace, Astra Microwave, and Solar Industries gained up to 14% for the week. The NIFTY India Defence gained up to 5.6% for the week. The rally was propelled due to optimism around increased government spending on defence equipments in FY26.

Apart from above mentioned sectors, even the weakest sectors like IT recouped all the losses to close in green. This indicates all-around buying in the Indian markets by foreign investors and institutional investors.