The historic advance was driven by multiple factors, including U.S. midterm election outcomes, solid corporate earnings, and a 16% drop in Brent crude to roughly $98 per barrel. This steep energy decline provided critical relief for an economy that imports about 85% of its crude needs. Inflows were further bolstered as investors sought refuge from a $2.5 trillion global technology sell-off, while domestic attention now moves toward the upcoming Diwali Muhurat trading session.
Key points
The Indian market served as a resilient safe harbor during a $2.5 trillion global tech se…: The Indian market served as a resilient safe harbor during a $2.5 trillion global tech sell-off triggered by U.S. regulatory scrutiny.
Heavyweight stocks including Shriram Finance, Bajaj Finance, Mahindra & Mahindra, HDFC Ba…: Heavyweight stocks including Shriram Finance, Bajaj Finance, Mahindra & Mahindra, HDFC Bank, and Reliance Industries delivered double-digit weekly advances.
The multi-day rally extended domestic equity gains to seven consecutive sessions ahead of…: The multi-day rally extended domestic equity gains to seven consecutive sessions ahead of the annual Diwali Muhurat trading session.
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Stock Markets This Week: The Diwali festival arrived early on Dalal Street as Indian equities extended their winning streak to seven consecutive sessions, supported by US midterm election results, strong foreign institutional investor (FII) inflows, easing crude oil prices and robust Q2FY27 corporate earnings.
The rally helped the BSE Sensex and NSE Nifty50 clock one of their sharpest weekly gains in recent years. A global sell-off in AI-linked stocks and softening US bond yields further lifted investor sentiment ahead of Diwali 2026.
The Nifty50 surged 8.58% during the week, gaining nearly 1,978 points to reclaim the 25,000 mark. This was its biggest weekly percentage gain in about six years, since January 2021, and its largest-ever weekly advance in absolute terms. The Sensex rallied nearly 9% to close above 81,000.
The rally added nearly ₹28 lakh crore to investors' wealth, with the combined market capitalisation of BSE-listed companies rising from ₹475.34 lakh crore to around ₹503 lakh crore.
Among the top gainers, Shriram Finance led with a nearly 17% rise, followed by Bajaj Finance and M&M, which gained over 15% each.…
Investors are fleeing expensive technology holdings as worries intensify over massive capital outlays, high corporate debt, and elusive returns on advanced computing investments. Compounding the pressure, a shifting political landscape in Washington threatens data-center infrastructure plans while persistent economic strength keeps interest-rate hike expectations alive. The aggressive de-risking has left broad market sectors battered and traditional defensive strategies unable to absorb the fallout.
Festive shopping during Diwali celebrations across India spurred heightened consumer interest in precious metals as buyers weighed options between coins, bars, and jewellery. While some prominent retail chains posted marginal price upticks, others kept their standard rates steady across major metropolitan markets. Consumers are closely tracking these variations to align holiday purchases with indicative bullion rates.
Record earnings from the copper division and operational recovery at Novelis propelled Hindalco Industries to strong second-quarter financial growth. While elevated domestic coal prices threaten to temporarily increase domestic aluminium production costs in the coming quarter, broader market sentiment remains reinforced by robust earnings diversification away from London Metal Exchange swings.