The truncated trading week began on a strong note with a gap-up opening in the benchmark Nifty 50 index, setting the tone for a broad-based rally across equities and commodities. The Nifty 50 surged by 4.48% for the week, supported by positive momentum across all sectors. Precious metals also witnessed strong buying interest, gaining over 1.5% and closing the week on a firm note.
The spotlight remained firmly on the financial sector, which emerged as the top performer. Both Bank Nifty and Fin Nifty not only attracted strong investor interest but also hit fresh all-time highs during the week. Bank Nifty registered a solid gain of 4.48%, while Fin Nifty outperformed with a robust 5.58% rise.
Private sector banks were at the forefront of this rally, driving the Nifty Private Bank index to become the best-performing index of the week with an impressive gain of 6.94%.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.