Indian markets bounced back sharply during the week, recovering most of the previous week’s losses as the Nifty reclaimed the 23,000 mark. The rebound was supported by FII buying, an in-line US Federal Reserve policy outcome, and rupee recovery, despite continued volatility from global uncertainties, Middle East tensions, and elevated crude oil prices.
Benchmark Indices
- BSE Sensex: ↑ 1,335.7 points (+1.82%) to 74,459.53
- Nifty 50: ↑ 453.1 points (+2%) to 23,053.10
Broader Markets
Nifty Midcap 100: ↑ 2.7%
- Top Gainers: Laurus Labs, Mankind Pharma, JSW Energy, NHPC, FSN E-Commerce Ventures (Nykaa).
- Key Laggards: Suzlon Energy, AU Small Finance Bank, Supreme Industries, Mahindra & Mahindra Financial Services, Bharat Dynamics, Yes Bank.
Nifty Smallcap 100: ↑ 4%
- Top Gainers (10–27%): Ather Energy, Piramal Pharma, Sona BLW Precision Forgings, Urban Company, Navin Fluorine International, PG Electroplast, Poonawalla Fincorp, Sai Life Sciences, Ola Electric Mobility.
- Key Laggards: Aegis Logistics, Five-Star Business Finance, Redington, IFCI, Inox Wind, Afcons Infrastructure, Swan Corp.
Sector Performance
- Pharma: ↑ 7%
- Healthcare: ↑ 7%
- Media: ↑ 4%
- Capital Markets: ↑ 4%
- Realty: ↑ 3.7%
- Oil & Gas: ↓ 0.7% (Only sector to end lower)
Market Capitalisation
- Total BSE market capitalisation increased by more than ₹22 lakh crore.
- Top Wealth Creators: Bharti Airtel, Kotak Mahindra Bank, Adani Ports & Special Economic Zone, Larsen & Toubro.
- Major Wealth Eroders: Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank.
Institutional Activity
- FIIs: Bought equities worth ₹6,304.67 crore, snapping their 9-week selling streak.
- DIIs: Purchased equities worth ₹3,109.79 crore, continuing their buying support.
Rupee
The Indian rupee ended the week largely unchanged at 94.95 against the US dollar on October 30, compared with 94.94 on October 23. During the week, it traded in the 94.90–95.37 range.
