Broader market indices outperformed the benchmark Nifty 50 during the week ended October 30, with buying interest returning to midcap and smallcap stocks after the previous week's sharp sell-off.
For the week, the BSE Sensex surged 1,335.7 points, or 1.82 percent, to close at 74,459.53, while the Nifty 50 gained 453.1 points, or 2 percent, to end at 23,053.10.
The Nifty Midcap 100 index advanced 2.7 percent during the week, supported by gains in Laurus Labs, Mankind Pharma, JSW Energy, NHPC and FSN E-Commerce Ventures (Nykaa). On the other hand, Suzlon Energy, AU Small Finance Bank, Supreme Industries, Mahindra & Mahindra Financial Services, Bharat Dynamics and Yes Bank were among the key laggards.
The Nifty Smallcap 100 index gained 4 percent during the week, with Ather Energy, Piramal Pharma, Sona BLW Precision Forgings, Urban Company, Navin Fluorine International, PG Electroplast, Poonawalla Fincorp, Sai Life Sciences and Ola Electric Mobility rising 10–27 percent. On the other hand, Aegis Logistics, Five-Star Business Finance, Redington, IFCI, Inox Wind, Afcons Infrastructure and Swan Corp were among the key laggards.
Among sectors, the Nifty Pharma and Healthcare indices outperformed, rising 7 percent each during the week. They were followed by the Nifty Media and Capital Markets indices, which gained 4 percent each, while the Nifty Realty index advanced 3.7 percent. On the other hand, the Nifty Oil & Gas index was the sole laggard, declining 0.7 percent.