Mumbai, April 3: The Indian stock market has closed down for the sixth consecutive week due to rising geopolitical tensions in West Asia and significant fluctuations in currency values. During the short trading week of four days, both major benchmarks ended in the red.
The BSE Sensex closed at 73,319.55 on Thursday, down by 263.67 points or 0.35% from the previous Friday’s closing. Meanwhile, the Nifty50 also saw a weekly decline of 106.50 points, or 0.46%, ending at 22,713.10.
On the last trading day of the week, the market experienced a sharp decline. In early trading, the Nifty fell by over 500 points, while the Sensex dropped by more than 1,500 points. This decline coincided with U.S. President Donald Trump’s warning of potential military strikes on Iran in the next 2-3 weeks. However, by the end of the day, some recovery was observed in the market.
Among the companies listed in the Nifty 50, HDFC Life Insurance, Sun Pharma, Dr. Reddy’s Laboratories, NTPC, and Cipla were the biggest losers this week.
In broader markets, the BSE Midcap 150 underperformed the benchmark, recording a week-on-week decline of 0.6%, while the BSE Smallcap 250 bucked the trend with an increase of 0.8%.
Sector-wise, the Realty, Healthcare, and Banking sectors saw gains of approximately 3%, 2.7%, and 1%, respectively. In contrast, the Metal, Power, and Consumer Durables sectors experienced declines of over 2%, making them the top losers.
Experts believe that volatility in the market may continue in the coming weeks as investors remain focused on developments in West Asia. They suggest that if tensions ease, a drop in crude oil prices and stability in currency could provide relief to the market. Conversely, if tensions escalate, pressure on foreign investment may persist, leading to continued market weakness.
Currently, Brent crude prices hover around $107 per barrel.
In the upcoming week, the market will keep an eye on several key events, including the RBI’s monetary policy committee decision, the minutes from the U.S. FOMC meeting (April 8), and the commencement of Q4 results for the fiscal year 2026.
It is noteworthy that the stock and commodity markets will be closed on Friday due to ‘Good Friday.’ The markets will reopen on Monday, following the weekend break.
My name is Narendra Jijhontiya. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including TECHNOLOGY, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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