Indian equity markets extended their rally for the third consecutive week, supported by sustained FII buying, easing crude oil prices, a rebound in US Treasury yields, and continued investor optimism despite higher-than-expected retail inflation and mixed corporate earnings.
Benchmark Indices
BSE Sensex: ↑ 564.43 points (+0.7%)
Nifty 50: ↑ 113.95 points (+0.5%)
Market Highlights
Brent crude declined nearly 2.5% during the week, touching a low of $90.56 per barrel before settling at $96.13 per barrel.
FIIs remained strong buyers, investing ₹45,319.60 crore during the week and ₹84,291 crore so far in November.
Retail inflation (CPI) rose to 6.09% in October, breaching the RBI’s upper tolerance limit of 6% for the first time in two years.
Food inflation (CFPI) accelerated to 8.94%, compared with 7.74% in September.
Indian markets remained closed on November 10 for Diwali-Balipratipada, while the Muhurat Trading session was held on November 8.
Broader Markets
Nifty Midcap 100: ↑ 3.6%
Supported by strong gains across broader market stocks.
Nifty Smallcap 100: ↑ 2.1%
Key Performers: Kalyan Jewellers India continued its rally after reporting a 64% YoY increase in Q2 FY27 PAT to ₹427 crore.
Data Patterns (India) gained after issuing a strong outlook for H2 FY27, with an order book of ₹1,724 crore and pending orders worth ₹955.76 crore.
Sector Performance
PSU Bank: ↑ 7.5% (Top Performer)
Media: ↑ 5.2%
Oil & Gas: ↑ 3.6%
Bank: ↑ 3.3%
Realty: ↑ 2.7%
IT: ↓ 3.2%
Metal: ↓ 0.2%
Top PSU Bank Gainers
Punjab National Bank: +12.8%
Bank of India: +11.2%
Bank of Baroda: +9.4%
Union Bank of India: +8.6%
Punjab & Sind Bank: +7.9%
Market Volatility
India VIX declined 11.2% during the week to 15.78, indicating easing market volatility.
