Indian equity markets extended their rally for the second consecutive week, recording their strongest weekly gains since April. The rally was supported by strong buying in IT stocks following upbeat Q2 earnings, rupee appreciation, and continued support from domestic institutional investors (DIIs), despite elevated crude oil prices and persistent FII selling.
Benchmark Indices
BSE Sensex: ↑ 2,256.94 points (+3.11%) to 74,729.27
Nifty 50: ↑ 625.7 points (+2.77%) to 23,146.15
Broader Markets
Nifty Midcap 100: ↑ 0.6%
Top Gainers: Tata Elxsi, KPIT Technologies, Suzlon Energy, Waaree Energies, UPL, Havells India, Hero MotoCorp, Hindustan Petroleum Corporation, Prestige Estates Projects.
Key Laggards: Yes Bank, ICICI Prudential Asset Management Company, Fortis Healthcare, Exide Industries, GE Vernova T&D India, LIC Housing Finance, Hitachi Energy India.
Nifty Smallcap 100: Ended largely unchanged
Top Gainers (5–16%): HBL Engineering, Zensar Technologies, Syngene International, Aditya Birla Real Estate, Aarti Industries, Tata Chemicals, Bandhan Bank, Anand Rathi Wealth, Brainbees Solutions, KFin Technologies, Cohance Lifesciences, BLS International Services, Firstsource Solutions, Crompton Greaves Consumer Electricals.
Major Losers (5–10%): Anant Raj, RBL Bank, Physicswallah, Sai Life Sciences, Reliance Power, Neuland Laboratories.
Sector Performance
IT: ↑ 11.7% (Biggest weekly gain in 18 years)
Media: ↑ More than 6%
Auto: ↑ 3%
Realty: ↑ 2.7%
Defence: ↑ 2.2%
Healthcare: ↓ 1%
Pharma: ↓ 0.7%
FMCG: ↓ 0.55%
Market Capitalisation
Total BSE market capitalisation increased by more than ₹7 lakh crore.
Top Wealth Creators: Tata Consultancy Services (TCS), Bharti Airtel, Infosys, Reliance Industries.
Key Wealth Eroders: Larsen & Toubro, InterGlobe Aviation, ITC.
Institutional Activity
FIIs: Sold equities worth ₹8,990.50 crore, extending their selling streak to 8 consecutive weeks.
DIIs: Bought equities worth ₹7,812.81 crore, continuing to support the market.
Rupee
The Indian rupee recovered 178 paise to close at 94.95 against the US dollar on October 16, compared with 96.73 on October 9. During the week, it traded in the 94.67–95.99 range.
Source: Moneycontrol
