MUMBAI: The domestic broader market ended higher for the second consecutive week despite market volatility driven by persistent foreign investor selling, mixed quarter earnings (Q2 earnings), global geopolitical uncertainty and the US Fed rate cut decision.
The BSE Midcap and Smallcap indices rose 1 per cent and 0.7 per cent, respectively. Mirroring a similar trend, Nifty Midcap 100 gained 1 per cent and the Nifty Smallcap advanced 0.7 per cent during the week.
Major sectoral indices remained firm during the week despite a fall in the Sensex and Nifty50. Nifty PSU Bank index jumping 4.7 per cent, followed by Oil & Gas (3 per cent), Nifty Metals (2.5 per cent), and Nifty Energy (1.8 per cent). On the other hand, Nifty Pharma, Nifty Auto, and Private Bank indices declined by up to 1 per cent, reflecting selective profit booking across consumer segments.