Weekly recap: Consumer Durable, FMCG gain up to 4% this week; IT and Metals top losers for two consecutive weeks

NIFTY50 and SENSEX posted strong recovery during the week after opening with a big gap down on Monday morning. The benchmark indices opened 5% lower on Monday morning, marking one of the worst openings in recent years. However, the indices recouped all the losses to close 0.3% lower on Friday. The recovery from lower levels was largely driven by external and domestic factors like the delay in tariff imposition by 90 days by the US and the 25 bps rate cut by the Reserve Bank of India, and the change of stance from neutral to accommodative.

Here are the top sectoral gainers for the week

NIFTY Consumer Durables

The consumer durables sector stood as the top gainer for the week with 3.8% gains, led by a strong rally in stocks like Dixon Technologies, PG Electroplast, Titan, Kalyan Jewellars and Havells India. The rally in the stocks was largely driven by sectoral tailwinds like rate cut, which is expected to boost consumer demand.

NIFTY FMCG

Shares of India’s leading FMCG brands like Britannia, Godrej Consumer Products, Hindustan Unilever and Marico jumped in the range of 5% to 6.5% for the week. The rally was primarily driven by an optimistic outlook due to rate cuts and expectations of better-than-expected Q4FY25 results.

NIFTY India Tourism

The India tourism index, which includes shares of leading hospitality, aviation and restaurants brands, rallied 1.4% for the week. Shares of companies like Interglobe Aviation, Safari Industries, Devyani International, Restaurants Brand Asia, Westlife Foodworld jumped 4% to 9% for the week amid broader tailwinds.

NIFTY Realty

The realty index witnessed heavy selling pressure this week by losing 2.9% for the week. Shares of Phoenix Mills, Godrej Properties, Sobha Ltd and Macrotech Developers slid by 4.9% to 6.5% for the week.

NIFTY Metals

The Metals index witnessed heavy volatility throughout the week as tariffs dominated the pricing pressure for key industrial metals like copper, aluminum and others. The NIFTY Metal index closed at 2.9% lower for the week, with key stocks National Aluminum Company, Welspun Corp, Vedanta and Jindal Steel & Power losing up to 9% for the week.

NIFTY IT

The IT index continues to face selling pressure for a second consecutive week as the index lost 2.3% for this week. The sector continues to face external headwinds like a slowdown in deal wins due to recession and a pessimistic outlook for Q4FY25 earnings season. Shares of leading IT companies like Coforge,Mphasis,Tech Mahindra and Infosys lost up to 4% for the week.