Indian Developments
Broad markets displayed a strong bullish reversal for the week ending July 31, 2026, with the benchmark Nifty 50 gaining 2.59% to close at 24,383.60. Heavy corrections from the prior week were entirely erased across segments, as the Nifty 100 rallied 2.60%. Mid-cap and small-cap segments also joined the recovery, with the Nifty Midcap 150 expanding by 2.00% and the Nifty Small cap 250 climbing 1.81%.
INDIA VIX collapsed by 16.18% over the week, plunging from 14.03 to settle at 11.76. This sharp drop indicates cooling market anxiety and heightened stability among market participants.
Sectoral Developments
The Winners: Growth-heavy and technology pockets dominated the weekly chart. Nifty IT led the gainers with a massive +6.75% surge, closely followed by Nifty Media (+5.97%) and Nifty Auto (+5.61%).
The Laggards: Defensive and stable income pockets saw the lowest capital allocation over the week. Nifty FMCG finished nearly flat at +0.14%, while interest-sensitive sectors lagged behind the main index moves, as seen in Nifty PSU Bank climbing just +0.26% and Nifty Private Bank rising +0.90%.
Global Developments
Global equity markets faced widespread downward pressure, heavily impacted by an accelerating global macroeconomic rebalancing and sectoral corrections.
USA: Indexes finished highly divergent under institutional profit-booking, while investors weighed incoming quarterly corporate earnings.
Asian Markets: Broad bearishness swept across regional economies, keeping domestic indices under global structural pressure.
Other Markets:
Source: www.nseindices.com; MCX Gold Prices; Economic times, Bloomberg.
Data for week ended on July 31, 2026.
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