Weekly sector recap: NIFTY IT, Auto and Realty top gainers; Tourism index suffers losses

Indian benchmark indices have seen profit booking and selling pressure at the higher levels since Thursday, after India-Pakistan tensions increased. However, indices still closed in green with 0.8% weekly gains. The SENSEX surged 659.33 points or 0.84% to 79,212.53 and NIFTY50 surged 187.70 points or 0.79% to 24,039.35 during the week ended April 25, 2025.

Tech Mahindra up by 11.88% was the top gainer on Nifty for the week - Tech Mahindra reported 71.92% jump in consolidated net profit at Rs 1141.90 crore for fourth quarter ended March 31, 2025 as compared to ₹664.20 crore for the same quarter in the previous year. Total income of the company increased by 2.35% at ₹13556.70 crore for Q4FY25 as compared ₹13244.80 crore for the corresponding quarter previous year.

HCL Technologies up by 9.75% was another top gainer on Nifty for the week - HCL Technologies reported a 7.86% rise in consolidated net profit at ₹4,309 crore for fourth quarter ended March 31, 2025, as compared to ₹3,995 crore for the same quarter in the previous year. Total income of the company increased by 6.16% at ₹30,695 crore for Q4FY25 as compared ₹28,915 crore for the corresponding quarter previous year.

The broader indices continued their outperformance over the benchmark indices as NIFTY Midcap 100 and Small 100 gained 1.7% and 0.83% for the week.

NIFTY IT

The IT benchmark index rallied more than 6% for the week after underperforming for the past few weeks. The index gains were largely led due sectoral tailwinds supporting the sector. The de-escalation reports between the US and China led to a strong rally in the US tech stocks. Moreover, the Federal Reserve’s comments on a potential rate cut in the June policy meeting also boosted the sentiments for the IT sector. Coforge, Tech Mahindra, HCL Technologies, and Mphasis were the top gainers from the index, which gained up to 12% for the week.

NIFTY Auto

The Automobile benchmark index gained 2.9% for the week. The gains were largely led by stocks like M&M, Tata Motors, Hero MotoCorp and Samvardhana Motherson, which gained up to 6% during the week. Maruti Suzuki reported its Q4FY25 numbers, which came in below estimates. The net revenue jumped 6.4%, and the EBITDA margin contracted by 150 bps to 10.2% as against 12% in the previous year. Owing to poor operational performance, the net profit fell 4% to ₹3,711 crore.

NIFTY Realty

The NIFTY realty index surged by 1.69% for the week. The gains were largely driven by strong gains in stocks like Macrotech Developers, Sobha, and Godrej Properties, which jumped up to 5.6%.

On the flipside, NIFTY Media, India Tourism, Consumer Durables were the top losers for the week with losses of up to 2.1%