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Indian Markets End the Week under Pressure as IT Stocks Slide

Indian equity markets witnessed a mixed and volatile week, ending largely under pressure amid sectoral divergence and heightened global uncertainty. Benchmark indices closed lower, with frontline indices such as the Nifty 50 and Sensex declining over the week, while selective pockets of strength were seen in PSU banks and auto stocks.

The IT sector was the key laggard, Indian IT stocks plunged this week due to global tech weakness, strong US jobs data delaying Fed rate cuts, and escalating fears of AI disruption to traditional outsourcing models.

On the positive side, PSU banks and auto stocks outperformed, supported by improving asset quality trends, stable credit growth outlook, and expectations of sustained domestic demand. Broader markets showed relative resilience, with microcaps and select small caps posting modest gains.

In the commodities space, gold and silver remained volatile amid geopolitical tensions. Gold prices declined by around 1% during the week, trading near ?1,54,000 per 10 grams, while silver fell nearly 1.5% to around ?2,46,000 per kilogram.

Overall, markets remained under pressure due to ongoing geopolitical risks, global macro uncertainty and cautious investor sentiment, keeping risk appetite subdued through the week. 


Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.

Stocks

Rural demand led broad-based auto retail growth in January

Rural demand led broad-based auto retail growth in January
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BSE delivered strong Q3 FY26 growth, driven by higher trading volumes and expanding margins

BSE delivered strong Q3 FY26 growth, driven by higher trading volumes and expanding margins
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CARE Ratings posted steady Q3 results

CARE Ratings posted steady Q3 results
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Grasim delivered strong Q3 FY26 performance, led by broad-based growth across businesses.

Grasim delivered strong Q3 FY26 performance, led by broad-based growth across businesses.
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HBL Engineering posted strong Q3 FY26 growth, driven by Kavach execution and margin expansion.

HBL Engineering posted strong Q3 FY26 growth, driven by Kavach execution and margin expansion.
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IIFL Capital Services posted flat Q3 FY26 revenue, with weak growth momentum weighing on the stock.

IIFL Capital Services posted flat Q3 FY26 revenue, with weak growth momentum weighing on the stock.
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Lupin delivered healthy Q3 FY26 growth with stable margins.

Lupin delivered healthy Q3 FY26 growth with stable margins.
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M&M delivered strong Q3 FY26 growth, with steady margins driving sharp PAT expansion.

M&M delivered strong Q3 FY26 growth, with steady margins driving sharp PAT expansion.
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Sarda Energy saw a softer Q3 FY26, with revenue decline and margin pressure.

Sarda Energy saw a softer Q3 FY26, with revenue decline and margin pressure.
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SBI posted record Q3 FY26 profits with improving asset quality.

SBI posted record Q3 FY26 profits with improving asset quality.
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Robust Execution Delivers Sharp Earnings Acceleration in Q3 FY26 for Navin Fluorine.

Robust Execution Delivers Sharp Earnings Acceleration in Q3 FY26 for Navin Fluorine.
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Margin Expansion and Volume Growth Power Q3 Performance of Apollo Hospitals.

Margin Expansion and Volume Growth Power Q3 Performance of Apollo Hospitals.
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Stable Quarter for Divi’s Labs, New plant commissioning and CDMO emerge as positives

Stable Quarter for Divi’s Labs, New plant commissioning and CDMO emerge as positives
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Cigarette Stocks Rebound as Value Buying Emerges After Tax Shock

Cigarette Stocks Rebound as Value Buying Emerges After Tax Shock
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Telecom Sector Q3 FY26: Monetization Gains as 5G Adoption Expands

Telecom Sector Q3 FY26: Monetization Gains as 5G Adoption Expands
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P N Gadgil Jewellers: Solid Q3 FY26 Results, Outlook Remains Constructive

P N Gadgil Jewellers: Solid Q3 FY26 Results, Outlook Remains Constructive
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Festive Season Drives Titan’s Strong Q3 FY26 Performance

Festive Season Drives Titan’s Strong Q3 FY26 Performance
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Lenskart Q3 FY26: Operational Scale and Store Expansion Fuel Continued Growth

Lenskart Q3 FY26: Operational Scale and Store Expansion Fuel Continued Growth
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Indices

NIFTY IT: Forward Performance After Major 10-Day Corrections

NIFTY IT: Forward Performance After Major 10-Day Corrections
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Commodity

Gold and silver ETFs are gaining importance as core portfolio holdings

Gold and silver ETFs are gaining importance as core portfolio holdings
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Fund Flows

FPIs rotated into metals, while realty faced the sharpest outflows.

FPIs rotated into metals, while realty faced the sharpest outflows.
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FIIs rotated into metals and mining, while exiting financial services stocks.

FIIs rotated into metals and mining, while exiting financial services stocks.
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Opportunities

The Structural Dollar Reversal: Noise or New Regime

The Structural Dollar Reversal: Noise or New Regime
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Food for thought

Source: @VisualCapitalist

Source: @VisualCapitalist
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Indian Markets End the Week under Pressure as IT Stocks Slide
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