Stocks End Two-Week Rally, Sensex Dips Sharply

• Indian markets fell, ending a 2-week gain; worst week in 4 months.
• BSE firms lost Rs 15 lakh crore; Nifty down ~2.5%, sectors sharply lower.
• Adani Ent., NTPC, ICICI Bank led Nifty losses; Premier, Waaree fell most in midcap.

Mumbai: Indian equity markets snapped a two-week gaining streak, posting their worst weekly performance in four months. BSE-listed companies lost over Rs 15 lakh crore in market value during the week.

The Nifty fell nearly 2.5 percent, with all sectoral indices ending in the red. Some sectors dropped as much as 6 percent, highlighting broad-based weakness.

Sectoral Performance

The Nifty Bank index performed slightly better than other sectors but still fell 1.5 percent. The midcap index mirrored the benchmark, declining over 2.5 percent. Among Nifty stocks, Adani Enterprises, NTPC, Adani Ports, and ICICI Bank were the top losers. In the midcap space, Premier Energies, Waaree, Inox Wind, NBCC, Jindal Stainless, and HPCL suffered the most.