Markets Climb 1% This Week As Budget 2026 Looms, Mid & Smallcaps Outshine
Indian equity benchmarks gained about 1 percent this week, with the Nifty up 1.09 percent to 25,320 and the Sensex up 0.90 percent, despite a volatile close. Broader midcap and smallcap indices outperformed. Metals and oil & gas led gains, while consumer services, hardware tech, FMCG, and IT lagged. Markets turned cautious ahead of the Union Budget 2026-27 amid FII selling and rupee weakness.
Indian equity benchmarks gained about 1 percent this week, with the Nifty up 1.09 percent to 25,320 and the Sensex up 0.90 percent, despite a volatile close. Broader midcap and smallcap indices outperformed. Metals and oil & gas led gains, while consumer services, hardware tech, FMCG, and IT lagged. Markets turned cautious ahead of the Union Budget 2026-27 amid FII selling and rupee weakness.
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