5 stocks that made investors wealthier this week amid Middle East-fuelled market crash—Have them?

5 Stocks That Made Money for Investors: As Sensex and Nifty50 logged a weekly loss of 2.9 per cent during the four-session trading week from March 2 to March 6, five stocks in the Nifty 500 universe managed to gain about 10 per cent or more. These stocks made money for investors while most stocks fell on Dalal Street.
5 stocks that made investors wealthier this week amid Middle East-fuelled market crash—Have them?
5 Stocks That Made Money for Investors: Solar Industries, Jupiter Wagons, NALCO, Mazagon Dock Shipbuilders and OneSource Specialty Pharma.

5 Stocks That Made Money for Investors: Domestic equity benchmarks suffered sharp losses in a holiday-truncated trading week, from March 2 to March 6, amid soaring crude oil rates and negative global cues as investors stared at headlines on the ongoing conflict in the Middle East. Both headline indices -- the Sensex and the Nifty50 -- fell about 2.9 per cent. The Nifty50 lost 728.2 points and the Sensex gave up 2,368.3 points for the week. The Nifty Bank -- whose 14 constitutents include SBI and HDFC Bank -- shed 2,745.8 points, or 4.5 per cent, during this period.

Barring a single positive day when the Nifty50 rose 1.1 per cent, the headline index tumbled 1.2 per cent or more on each session. Financial stocks led the market-wide sell-off, with the Nifty PSU Bank logging a weekly loss of 6.5 per cent. Financial stocks -- private and public commercial banks and NBFCs -- enjoy a weightage of almost 38 per cent in the Nifty50.

IndexWeekly Change (%)
NIFTY PSU BANK-6.5
NIFTY REALTY-4.9
NIFTY MEDIA-4.3
NIFTY FINANCIAL SERVICES EX-BANK-4.3
NIFTY PRIVATE BANK-4.2
NIFTY OIL & GAS-3.9
NIFTY AUTO-3.8
NIFTY CONSUMER DURABLES-2.8
NIFTY MIDSMALL IT & TELECOM-2.7
NIFTY FMCG-2.3
NIFTY METAL-2.0
NIFTY IT-1.5
NIFTY MIDSMALL HEALTHCARE-1.5
NIFTY CHEMICALS-1.1
NIFTY500 HEALTHCARE-0.9
NIFTY HEALTHCARE INDEX-0.5
NIFTY PHARMA0.1
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The Nifty Oil and Gas index fell 3.9 per cent. Together, financial and energy stocks have a representation of almost 48 per cent in the 50-scrip market benchmark.

Among broader indices, the Nifty Midcap 100 and Nifty Smallcap 100 fell 2.9 per cent and 2.5 per cent, respectively.

The Week That Was | Nifty50 lost 700+ pts, Nifty Bank plunged nearly 2,750 pts as investors stared at US-Israel-Iran conflict

Globally, investors tracked Middle East updates closely in a conflict that began with the joint US-Israel attacks against Iran last week, killing its Supreme Leader and triggering Tehran's attacks against several countries in the region. Markets made small recovery attempts as geopolitics and energy dominated sentiment.

The escalating conflict disrupted shipping near the Strait of Hormuz -- a route that handles about one-fifth of the world’s oil supply. Oil prices surged sharply during the week, raising concerns about inflation and economic growth. The Iran-Israel conflict comes at a time when most central banks have completed much of their post-pandemic rate cut cycles, with several policymakers having signalled their monetary easing cycles nearing end.

Equity markets worldwide faced heavy selling pressure. Crude oil benchmark Brent soared to as high as $94.5 per barrel before settling at $93 a barrel for the week -- a weekly gain of 28.4 per cent. Spikes in crude oil raise concerns for investors in India, which meets more than four-fifths of its oil demand through imports. Larger import bills also batter the rupee against the US dollar. The rupee tanked to an all-time low against the greenback -- breaching the 92 mark for the first time ever.

Now, amidst all this, five stocks in the Nifty500 and BSE 500 universes -- the broadest indices on the NSE and BSE, respectively -- rose about 10 per cent or more.

These stocks are: Solar Industries, Jupiter Wagons, NALCO, Mazagon Dock Shipbuilders and OneSource Specialty Pharma.

StockFriday's Closing Price (Rs)Weekly Gain (%)
Solar Industries15,15212.2
Commercial Engg Jupiter Wagons298.611.75
NALCO396.211.7
Mazagon Dock Shipbuilders2,471.911.1
OneSource Specialty Pharma1,480.59.9

Do you have them in your portfolio?