Indian equities had a mixed week with clear sectoral divergence. The Nifty 50 declined 0.73% and the Sensex fell 0.97%, mainly dragged down by Nifty Bank (−2.56%) and Nifty IT (−2.56%), while PSU Banks were the worst performers at −3.87%.
On the positive side, some sectors showed strength. Nifty Energy led with a gain of 1.94%, followed by Smallcap 100 (+1.62%), Pharma (+1.22%), and Infra (+1.08%). FMCG remained almost flat at −0.13%. This indicates a shift in investor preference from financials towards energy and smallcaps despite overall market weakness.
In commodities, Gold declined 0.71% to around ?1,51,600 per 10 grams as safe-haven demand eased. Silver remained largely unchanged during the week. Meanwhile, the Indian Rupee weakened further, with USD/INR again touch 95/$ mark, rising 0.73% during the week, reflecting continued FII outflows and higher crude import costs.
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RJIL Q4 FY26: Robust Subscriber Growth and Margin Expansion Propel Earnings.

VBL Q4FY26: Volume Uptick and Better Margins Lead to Earnings Recovery.

Eternal Q4FY26: Inventory-Driven Expansion Fuels Growth; Profitability Holds Steady.

Mphasis Q4FY26: Accelerating AI-Led Growth Backed by Healthy Deal Pipeline.

Here’s how Axix Bank performed in Q4FY26.

The attached chart reflected the spectacular performance of Bandhan Bank in Q4FY26 which led to surge in stock upto 16%

Selective sectoral strength couldn’t offset weakness in banks and IT, keeping the overall market subdued.

Apar Industries in strong uptrend; breakout and price stability signal continuation

Food for thought
