Indian Developments
Indian equities consolidated and built upon the previous week's sharp rebound, supported by strong domestic breadth and institutional rotation into financials. The benchmark NIFTY 50 closed at 25,144.30, posting a steady weekly gain of 0.46% over the previous week's close of 25,030.35. Broader market indices significantly outperformed the headline benchmark, with the Nifty 100 rising 0.68% to finish at 26,083.20, the Nifty Midcap 100 advancing 2.12% to 61,889.50, and the Nifty Small cap 100 surging 3.59% to 19,656.45. The comprehensive Nifty 500 rose 1.18% to end at 23,734.20.
Market volatility subsided notably as risk appetite stabilized across domestic equities. The fear gauge, INDIA VIX, stood at 15.78, dropping 9.67% over the week from 17.47 as market swings cooled following the prior week's sharp bounce.
Sectoral Developments
The Winners: Outperformance was heavily dominated by public sector banks, media, and capital market themes. Nifty PSU Bank led all major sectoral indices, surging 7.50% to close at 9,258.60, driving the broader Nifty Bank higher by 3.30% to 61,034.10. Nifty Media followed closely with a 5.22% gain to 1,757.70, while Nifty Capital Markets extended its strong momentum with a 3.85% rise to 5,897.05. Other notable sectoral gainers included Nifty Realty (+2.74%), Nifty Chemicals (+2.57%), and Nifty Pharma (+2.13%).
The Laggards: Information technology and cement stocks bore the brunt of sectoral rotation and profit-taking. Nifty IT was the weakest link, declining 3.17% to close at 31,931.15 amid global AI leadership turmoil. Nifty Cement also faced selling pressure, slipping 2.08% to 14,270.35, while Nifty Metal (-0.24%) and Nifty MidSmall IT & Telecom (-0.25%) ended marginally in the red.
Global Developments
• USA: Wall Street staged a partial recovery from the prior week's tech rout before turning mixed late in the week as investors weighed sticky inflation and Nvidia CEO Jensen Huang's sudden resignation. Wall Street staged a partial recovery from the prior week's tech rout before turning mixed late in the week as investors weighed sticky inflation and Nvidia CEO Jensen Huang's sudden resignation. Through Thursday's close, the S&P 500 climbed 3.25% to 7,592.40 and the Dow Jones gained 1.50% to 52,297.09, while the tech-heavy Nasdaq Composite pared early weekly gains to hover near 25,366.09.
Asian Markets:
Japan crash: The Nikkei 225 surged 6.46% (gaining 3,708 points) to close at 61,142.35, recovering strongly from the prior week's steep sell-off.
Korea recovery: South Korea's KOSPI rebounded 4.56% to finish at 5,290.54, though late-week volatility in chipmakers Samsung Electronics and SK Hynix capped Friday's upside.
China weakness: Greater China equities diverged from the broader Asian bounce, with Hong Kong's Hang Seng Index sliding 3.43% to around 23,637.60 and the Shanghai Composite dipping 0.45% to 3,634.35.
Other Markets:
Source: www.nseindices.com; MCX Gold Prices; Economic times, Bloomberg, Investing.
Data for week ended on November 13, 2026.
Disclaimers:
The views and investment tips expressed by experts are their own and are meant for informational purposes only and should not be construed as investment advice. Investors should check with their financial advisors before taking any investment decisions.
The word ‘more’ does not imply more returns or assurance of scheme performance.it refers to the additional value provided by the joint venture, as compared to Baroda AMC and BNP Paribas AMC individually.
In the preparation of the material contained in this document, Baroda BNP Paribas Asset Management India Ltd. (“AMC”) (formerly BNP Paribas Asset Management India Private Limited) has used information that is publicly available, including information developed in-house. The AMC, however, does not warrant the accuracy, reasonableness and/or completeness of any information. This document may contain statements/opinions/ recommendations, which contain words, or phrases such as “expect”, “believe” and similar expressions or variations of such expressions that are “forward looking statements”. Actual results may differ materially from those suggested by the forward looking statements due to risk or uncertainties associated with our expectations with respect to, but not limited to, exposure to market risks, general economic and political conditions in India and other countries globally, which have an impact on our investments, the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, etc. The AMC (including its affiliates), Baroda BNP Paribas Mutual Fund (“Mutual Fund”), its sponsor / trustee and any of its officers, directors, personnel and employees, shall not be liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this document in any manner. The recipient alone shall be fully responsible / liable for any decision taken based on this document. All figures and other data given in this document are dated and may or may not be relevant at a future date. Prospective investors are therefore advised to consult their own legal, tax and financial advisors to determine possible tax, legal and other financial implication or consequences of subscribing to the units of the schemes of Baroda BNP Paribas Mutual Fund.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
© Copyright Baroda BNP Paribas Mutual Fund
