Markets this week: Sensex, Nifty tumbles over 9%; only 3 Nifty stocks in the green

On Friday as well, the indices hit the lower circuit of 10 percent in the early morning deals but later staged the biggest recovery to end 4 percent higher. The Sensex ended 1,325 points higher at 34,103, while the NSE Nifty added 433 points to end at 10,024.

For the week, the Sensex was down over 3,473 points or 9.2 percent and Nifty lost 1,034 points or 9.4 percent. Nifty Midcap also lost over 11 percent in this period.

All sectors were also negative this week. Nifty PSU Bank and Nifty Metal fell over 12 percent, while Nifty IT shed 13.5 percent this week. Meanwhile, Nifty Bank and Nifty Auto lost 9-10 percent, and Nifty Pharma and Nifty FMCG declined 9 percent each.

Yes Bank, Bharti Infratel and Eicher Motors were the only gainers on the Nifty50 index. Yes Bank surged 57 percent this week amid the ongoing crisis after the cabinet approved draft restructuring scheme for the private sector lender with LIC and SBI confirmed as buyers.

Meanwhile, Bharti Infratel and Eicher Motors were up 13 percent and 0.04 percent for the week.

Among losers, ONGC, Vedanta, GAIL, IndusInd Bank, and Tata Motors crashed between 20 percent and 25 percent this week. UPL, Zee, Hindalco, Adani Ports, and TCS were the other top losers.

ONGC lost 25 percent this week as oil prices continued tumbling after President Donald Trump announced the travel restrictions with Europe in a bid to contain the coronavirus pandemic.

Vedanta also lost 23 percent after India Ratings and Research (Ind-Ra) revised downward the company's outlook to negative from stable.

Tata Motors also shed 21 percent as the impact of coronavirus (COVID-19) stalled JLR's recovery.

In the Nifty Midcap100 index, Whirlpool of India and MRPL were the only 2 stocks in the green for the week, up 3.5 percent and 0.4 percent, respectively.

Top losers in the midcap space included Future Retail, down 41 percent, Varroc Engineering 34 percent, Graphite India 29.4 percent, Adani Power 29 percent, Jubilant Lifescience 25 percent, Godrej Agrovet 25 percent, and Glenmark Pharma 24 percent.