📍 Nifty Bank scale new highs; financials & midcaps shine bright

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📍 Nifty Bank scale new highs; financials & midcaps shine bright

Markets extended their gains for the second straight week, with frontline indices surging over 2%. Nifty Bank hit a fresh record high, while broader indices like Nifty Next 50 and Midcap Select outperformed. Investor sentiment remained upbeat on strong institutional flows and optimism around Q1 earnings.

📉 Key Indices Performance (Weekly):

• Nifty 50: 25,637.80 ▲ 525.40 (+2.1%)

• Nifty 500: 23,620.15 ▲ 579.05 (+2.5%)

• Nifty Bank: 57,443.90 ▲ 1,191.05 (+2.1%)

• Nifty Financial Services: 27,344.05 ▲ 695.35 (+2.6%)

• Nifty Midcap Select: 13,340.55 ▲ 356.20 (+2.7%)

• Nifty Next 50: 68,712.40 ▲ 1,979.35 (+3.0%)

• Nifty 100: 26,223.60 ▲ 574.80 (+2.2%)

🏦 Sectoral Overview

Top Gainers:
→ Financials outperformed as NBFCs and rating agencies rallied, pushing Nifty Financial Services up 2.6%
→ Nifty Midcap Select rose 2.7% with strong moves in healthcare, industrials, and manufacturing
→ Nifty Next 50 outshined with a 3.0% gain as investors rotated into quality large-mid names

Top Losers:
→ No major sectoral laggards this week, but select pharma and IT stocks saw mild profit booking
→ Broader indices like Nifty Microcap and Healthcare showed mixed performance

📈 Top Gainers – Nifty 50 (Weekly):

• JIO Financial Services Ltd. ₹323.45 ▲ 29.20 (+9.9%)

• Adani Enterprises Ltd. ₹2,646.30 ▲ 197.90 (+8.1%)

• Hindalco Industries Ltd. ₹697.35 ▲ 48.20 (+7.4%)

📉 Top Losers – Nifty 50 (Weekly):

• ONGC ₹242.83 ▼ 9.06 (–3.6%)

• Dr. Reddy’s Laboratories ₹1,301.00 ▼ 24.30 (–1.8%)

• Tech Mahindra ₹1,674.40 ▼ 21.70 (–1.3%)

🚀 Top Gainers – Nifty 500 (Weekly):

• Kirloskar Brothers Ltd. ₹2,327.80 ▲ 526.60 (+29.2%)

• Nuvama Wealth Management Ltd. ₹8,287.50 ▲ 1,405.00 (+20.4%)

• Narayana Hrudayalaya Ltd. ₹2,263.20 ▲ 359.80 (+18.9%)

📉 Top Losers – Nifty 500 (Weekly):

• KPIT Technologies Ltd. ₹1,267.10 ▼ 127.40 (–9.1%)

• Garden Reach Shipbuilders & Engineers Ltd. ₹3,032.60 ▼ 255.00 (–7.8%)

• Godrej Industries Ltd. ₹1,247.50 ▼ 101.00 (–7.5%)

💡 Investor Takeaway:
It was a strong week across the board as benchmark indices made fresh highs. The Nifty 50 held above 25,600 while the Nifty Bank crossed 57,300 for the first time. Financials, midcaps, and broader market sentiment stayed buoyant. With positive momentum and low volatility, the setup looks constructive going into July.

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