Nifty 50 and Sensex closed slightly lower on 13th September, but both gained 2% for the week, driven by expectations of increased foreign inflows due to softer U.S. inflation and the potential for a 25 basis points interest rate cut by the Federal Reserve.

Today, the Nifty 50 dropped by 32.40 points to 25,356.50, while the Sensex plunged by 71.77 points to 82,890.94.

The Nifty Midcap 100 index outperformed the broader market, closing at a record high. It crossed the 60,000 mark for the first time, hitting an intraday high of 60,189.3 before settling at 60,034.05, up by 393.75 points. The Nifty Bank ended the week at 51,938.05, up 165.65 points.

Wipro gained nearly 4% with strong trading volumes, while Bajaj Finserv and Bajaj Finance rose 2% each ahead of Bajaj Housing Finance’s upcoming listing. Meanwhile, life insurance companies like SBI Life and HDFC Life were among the top Nifty losers, and Adani Group stocks dropped up to 2% following reports of a fund freeze by Swiss authorities.

Asian Paints ended its ten-day winning streak, slipping into the red as Brent crude oil prices rose above $72 per barrel. Gold prices hit an all-time high, boosting Manappuram by 3%. SpiceJet’s stock surged 8% after the airline appealed to the Supreme Court against an order grounding three leased engines.

Jewellery stocks rose ahead of the festive season, with TBZ jumping 20%. Nazara Technologies gained 4% after acquiring a 47.7% stake in PokerBaazi’s parent company for Rs 982 crore.

Bharti Hexacom surged 6% after Jefferies upgraded it to a “Buy” rating, while Narayan Health dropped 4% following a “Reduce” call from HSBC.

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