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WEEKLY REPORT
Market extended the winning run in the second consecutive week ended October 10 with Nifty reclaiming 25,300 amid positive global as well as domestic cues, including continued DII buying, ease in geopolitical risk, FII turning buyers, positive development in US-India trade talks, and positive start of the earnings season.
For the week, the BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82, and Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35.
During the week, Tata Consultancy Services added the most in terms of market value, followed by Infosys, HCL Technologies, and Bharti Airtel. On the other hand, Tata Motors Trent, Hindustan Unilever lost most of their market capitalization
Among sectors, Nifty Capital Market and IT indices remained top performers with 5 percent gain, followed by Nifty Healthcare index (up 3 percent), Nifty Realty index (up 2.3 percent), Nifty Private Bank, Nifty Consumer Durables, and Nifty Pharma up 2 percent each. However, the Nifty Media index shed nearly 3 percent.
All the broader market indices ended with gains as the BSE Large-cap index rose 1.4 percent, the BSE Mid-cap index went up 1.5 percent, while the Small-cap indices ended flat this week.
After remaining net sellers for the last 12 weeks, the Foreign Institutional Investors (FIIs) turned net buyers this week as they bought equities worth Rs 2975.53 crore. On the other hand, Domestic Institutional Investors (DII) remained net buyers in the 25th week, as they purchased equities worth Rs 8,391.11 crore.
Indian rupee ended 9 paise higher at 88.69 per dollar on October 10 against the October 3 closing of 88.78. During the week, the Indian rupee traded in the range of 88.79-88.50.
ECONOMY
India opens retail power sector to private
The Federal Power Ministry said that India plans to open up its retail electricity market for private companies nationwide. This allows companies like Adani Enterprises, Tata Power, Torrent Power, and CESC to expand their reach across the country. Currently, only a few electricity distribution zones in India are privatized. The majority remain under state control and face significant financial losses. The central government is pushing state-run utilities to reduce losses, clean up their balance sheets, and upgrade outdated infrastructure.
US layoffs blamed Whitehouse shutdown
The ongoing U.S. government shutdown, which began on October 1, 2025, has begun to impact economic sentiment. Over 4,000 federal workers have been furloughed, raising concerns about potential disruptions to government services and financial activities. Over 1,400 Treasury employees and 1,100 HHS employees have already been laid off, with further reductions expected. Analysts warn that prolonged shutdowns could lead to a slowdown in economic growth and increased market volatility.
STOCKS IN NEWS
Nykaa
The shares of Nykaa-parent FSN E-Commerce Ventures surged 8.89 percent during the week, after the firm shared its revenue update for the second quarter of the financial year 202,6 and also due to signs of revival in its fashion business.
Gokaldas Export
Shares went up 6.19 percent this week, after Prime Minister Narendra Modi said that he had spoken to US President Donald Trump over a phone call and the two leaders have “reviewed good progress achieved in trade negotiations”. The possibility of further trade talks between India and the US, which may result in a trade deal between the two countries, boosted investor sentiment for the export-oriented textile stocks.
Trent
Shares of the Indian retail company went down 2.74 percent this week, after the parent company of Zudio and Westside released its revenue and store count updates for the second quarter of the financial year 2026.
Saatvik Green Energy
Natco Pharma
The pharma shares went up 2.84 percent this week, after the Delhi High Court dismissed Swiss pharma giant Roche’s appeal and allowed the Indian company to sell the spinal muscular atrophy (SMA) drug Risdiplam in India.
Spicejet
The aircraft’s shares went up 18.03 percent in the week after the airline informed the shareholders through a regulatory filing that it added three new aircraft to its operational fleet, including an Airbus A340 wide-body and two Boeing 737s, aiming to meet the surging demand.
Source – Moneycontrol, Reuters