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WEEKLY REPORT
Indian market continued the gaining streak in the third consecutive week, posting the biggest weekly gains in four months amid FII turning buyers, continued DII support, falling crude oil prices, and Fed rate cut hopes; however, investors stay cautious amid US government shutdown worries, US-China trade tensions, and renewed banking sector jitters.
For the week, the BSE Sensex index surged 1451.37 points or 1.75 percent to close at 83,952.19, and Nifty50 added 424.5 points or 1.67 percent to finish at 25,709.85.
During the week, Reliance Industries added the most in terms of market value, followed by Bharti Airtel, ICICI Bank, and HDFC Bank. On the other hand, Infosys, Tata Consultancy Services, and Eternal lost most of their market capitalization.
On the sectoral front, the Nifty Realty index gained 4%, the Nifty Capital Markets index added nearly 4%, the Nifty FMCG index rose 3%, and the Nifty Auto index rose 2%. In comparison, the Nifty Media index shed 2.7%, the Nifty IT index fell 1.8%, and the Nifty Metal and PSU Bank indices declined 0.5% each.
Among the broader market indices, the BSE Large-cap index rose 1.5 percent, the BSE Mid-cap index ended flat, while the Small-cap indices went down 0.6 percent this week.
The Foreign Institutional Investors (FIIs) remained net buyers for the last three sessions of the week, but for the week, they offloaded equities worth Rs 586.76 crore. On the other hand, Domestic Institutional Investors (DII) continued their buying in the 26th week, as they bought equities worth Rs 28,044.45 crore.
During the week, the Indian rupee went closer to its all-time low of 80.8850 but made a strong comeback from the lows, posting the biggest weekly gains versus the dollar since late June. The Indian rupee ended 72 paise higher at 87.97 per dollar on October 17 against the October 10 closing of 88.69. During the week, the Indian rupee traded in the range of 88.80-87.69.
ECONOMY
India’s EPF grows
India’s Employees’ Provident Fund (EPF) corpus has grown nearly fivefold over the past decade, reflecting both the steady expansion of formal employment and an increase in the wage base of organised-sector workers. The total corpus rose from Rs 5.46 lakh crore in FY14 to Rs 24.76 lakh crore in FY24, marking one of the sharpest decadal jumps in the fund’s history. This growth reflects the formalisation of the labour market, higher wages, and the addition of 7.82 crore new members over the last seven years.
Musalem supports the central bank’s interest rate cut
Federal Reserve Bank of St. Louis President Alberto Musalem suggested that he will support a central bank interest rate cut at the Federal Open Market Committee (FOMC) meeting, while warning it’s important for the Fed not to go too far with easing the cost of credit amid still unsettled inflation risks. He also stressed the need for caution, pointing to limited room for further easing before monetary policy becomes overly accommodative. The Fed is balancing its aim to support a weakening job market with the ongoing challenge of curbing inflation
STOCKS IN NEWS
Eternal
Online delivery platform Eternal (parent of Zomato) shares fell almost 2 percent this week, as the company announced a 63% year-on-year (YoY) decline in the consolidated net profit to ₹65 crore for the quarter ending in September, and brokerages were disappointed by the shrinking margins for its quick commerce business Blinkit.
Wipro
Wipro Ltd shares went down as much as 2.26 percent over the week, after the IT company announced its Q2 FY26 results. The stock fell, as brokerage views remained mixed on the muted revenue growth and cautious guidance.
Ola Electric Mobility
The shares went up over 16 percent during the week, as the company announced that they are set to launch a new product in the energy space on October 17, 2025, via a premiere on its official social media handles, and investors awaited the EV scooter-maker’s launch of its first non-vehicle product, called ‘Ola Shakti’.
ICICI Lombard
The insurance company’s shares went up 8.66 percent this week, after the company reported an 18 percent on-year rise in net profit to Rs 820 crore for the second quarter of the financial year 2026.
Leela Palaces Hotels & Resorts Ltd
The shares went down 3.92 percent this week, after the company announced its Q2 results and reported a net profit of Rs 74.7 crore for the second quarter of the financial year 2026, as against a net loss of Rs 51.17 crore in the same period last year.
Source – Moneycontrol, Reuters