Nifty 50 ended the week at 23,053.10, up 2.0% over the week

The session

Where the market stands

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 94.95, rupee firmer by 0.27% on the session
• India VIX: 15.30 (+1.2%)
• Gold (rupee terms): -0.98% on the session, -0.6% over five sessions

Key drivers

Markets

• Nifty Pharma index hits record high; Sun, Laurus, Zydus, Sai rally up to 6%. Among others, Mankind Pharma, Ipca Laboratories, Torrent Pharmaceuticals, Divis Laboratories, Cipla and Aurobindo Pharma were up 2% each in Friday's trade. (Business Standard Mkts)
• Sensex, Nifty turn lower; broader markets crash as oil tops $116/barrel. What lies ahead?. Indian equities turned lower as crude oil prices crossed $116 per barrel, raising concerns about inflation and economic growth. While the Sensex and Nifty posted modest declines, midcap and smallcap indices fell more sharply amid weak market breadth. (ET Stocks)
• Can Sensex, Nifty extend rally on Friday? Here's what market analysts say. Technical analysts believe that the Sensex and Nifty can extend their rally in the near-term, with indices closing above the short-term moving averages, and positive cues from momentum indicators. (Business Standard Mkts)
• Market wrap: Shriram Finance, Nestle India, Trent, InterGlobe top gainers and losers on Nifty and Sensex on Friday. The Nifty 50 rose 0.51% to close at 23,053.10 on Friday, while the Sensex gained 308 points to 74,459.53. Trent and InterGlobe led the gainers, while Shriram Finance and Nestle India topped the Nifty losers. (ET Stocks)

Read more Nifty Pharma index hits record high; Sun, Laurus, Zydus, Sai rally up to 6% · Sensex, Nifty turn lower; broader markets crash as oil tops $116/barrel. What lies ahead? · Can Sensex, Nifty extend rally on Friday? Here's what market analysts say · Market wrap: Shriram Finance, Nestle India, Trent, InterGlobe top gainers and losers on Nifty and Sensex on Friday

Economy & policy

Economy and policy

• Monsoon woes, crude concerns, inflation worries may cloud India’s second-half growth momentum. ICRA chief economist Aditi Nayar expects the RBI to deliver another 25-bps rate hike in December but cautions against aggressive monetary tightening that could choke domestic demand. (Business Today Mkts)
• Trent net profit up 25% despite cost pressures and stiff competition. Tata's Trent retailer reported significant financial success, posting a 25% rise in net profit, which hit ₹468 crore for the quarter ending in September. The company's revenue jumped by 22%, reaching ₹5,873 crore. (Economic Times Markets)
• India's Fiscal Deficit Widens To Rs 7.14 Lakh Crore In First Half Of FY27; Reaches 42.1% Of Full-Year Target. A look at the Centre's income and spending in the first half of the financial year (NDTV Profit)
• Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path. India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available, and its structural themes—manufacturing scale, defence localisation, digital infrastructure, formalisation—keep… (NDTV Profit)

Read more Monsoon woes, crude concerns, inflation worries may cloud India’s second-half growth momentum · Trent net profit up 25% despite cost pressures and stiff competition · India's Fiscal Deficit Widens To Rs 7.14 Lakh Crore In First Half Of FY27; Reaches 42.1% Of Full-Year Target · Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path

Companies

• Q2 Results Live: Varun Beverages Q3 Net Profit Rises 14% YoY; Reliance Slips, Sun Pharma Gains Ahead Of Earnings. Reliance Industries, Jio Platforms, Sun Pharmaceutical Industries, Bharat Electronics, Indian Oil Corporation, and Dixon Technologies, are among the 213 companies scheduled to announce their Q2 results today, October 30. (NDTV Profit)
• RIL Q2 results: Net profit jumps 40.6% to ₹25,548 crore, beats estimates. (BS Companies)
• Aditya Birla Capital Q2 profit rises 38% to Rs 1,288-cr. Aditya Birla Capital reported an impressive 38% profit increase for the September quarter of FY27, with profit after tax soaring to Rs 1,288 crore, up from Rs 933.52 crore year-over-year. (ET Stocks)
• Q2 Results Live: Capital Small Finance Bank Profit Rises 31%; Coal India Profit Jumps 53%; Indegene Profit Surges 10%. Asian Paints, Trent, Coal India, Godrej Consumer Products, InterGlobe Aviation, Ambuja Cements, Apar Industries, Blue Star, Laurus Labs, Suzlon Energy and Welspun Corp are among the 140 companies scheduled to announce their Q2 FY27 results today, October 29. (NDTV Profit)

Read more Q2 Results Live: Varun Beverages Q3 Net Profit Rises 14% YoY; Reliance Slips, Sun Pharma Gains Ahead Of Earnings · RIL Q2 results: Net profit jumps 40.6% to ₹25,548 crore, beats estimates · Aditya Birla Capital Q2 profit rises 38% to Rs 1,288-cr · Q2 Results Live: Capital Small Finance Bank Profit Rises 31%; Coal India Profit Jumps 53%; Indegene Profit Surges 10%

Companies

New issues

• BLS Polymers IPO allotment likely today; GMP hints at 45% listing gain. Here's how to check status. The shares are scheduled to list on the BSE and NSE on November 3, 2026. A grey market premium (GMP) of Rs 68 suggests potential listing gains of about 45%, although this is not guaranteed. (Economic Times Markets)
• Markets hit 6-month high in Oct on IT rally, Jio Platforms IPO frenzy. Nifty gains 1.9% in October, led by IT stocks and Jio Platforms' listing, but losses in mid- and small-cap shares expose the narrow nature of the market rally (Business Standard Mkts)
• GAIL Q2 Results: Profit zooms 139% YoY to Rs 4,720 crore, revenue rises 33%; board approves GAIL Gas IPO. GAIL (India) has revealed a whopping 139.3% surge in its consolidated net profit for the FY27 September quarter, showcasing impressive operational revenue growth of 32.7% year-on-year. (Economic Times Markets)
• After IPO listing, Jio Platforms Q2 results 2026 announced: Check ARPU, profit, revenue, EBITDA, Subscriber Base details. Jio Platforms reported a 13.7% year-on-year rise in Q2FY27 net profit to ₹8,389 crore, while revenue climbed 11.4% to ₹40,475 crore. EBITDA grew 16.6% to ₹21,879 crore, and ARPU reached ₹218.8. The company added 9.1 million subscribers. (LiveMint Markets)

Read more BLS Polymers IPO allotment likely today; GMP hints at 45% listing gain. Here's how to check status · Markets hit 6-month high in Oct on IT rally, Jio Platforms IPO frenzy · GAIL Q2 Results: Profit zooms 139% YoY to Rs 4,720 crore, revenue rises 33%; board approves GAIL Gas IPO · After IPO listing, Jio Platforms Q2 results 2026 announced: Check ARPU, profit, revenue, EBITDA, Subscriber Base details

Currency, commodities & rates

World

• Gold, silver extend losses as US inflation concerns weigh on rate-cut hopes. Gold futures on MCX fell to around ₹1.41 lakh per 10 gm and silver to ₹1.86 lakh per kg as persistent US inflation concerns fuelled expectations of tighter monetary policy (Business Standard Mkts)
• Bulls return as Fed rate pause, dip in US yields lift sentiment. Indian equities experienced a broad recovery as Sensex rose significantly and Nifty surpassed 22,900. This increase followed the US Federal Reserve's decision to keep interest rates unchanged, encouraging investor buying across sectors. (Economic Times Markets)
• ZFunds brings US stocks and ETFs to distributors, beyond DIY apps. The platform allows mutual fund distributors and wealth managers to offer international investments as demand grows for products and themes unavailable in India (Business Standard Mkts)
• IndiGo posts Rs 1,879-crore loss as high fuel costs, geopolitical woes hit; capacity cuts & yield management offer only partial relief, says CEO Willie Walsh. IndiGo reported a net loss of Rs 1,879 crore in the September quarter as a sharp rise in jet fuel prices and foreign exchange costs offset strong revenue growth. While revenue increased 26% year-on-year to Rs 23,363.8 crore, fuel costs surged more than 67%. (ET Stocks)

Read more Gold, silver extend losses as US inflation concerns weigh on rate-cut hopes · Bulls return as Fed rate pause, dip in US yields lift sentiment · ZFunds brings US stocks and ETFs to distributors, beyond DIY apps · IndiGo posts Rs 1,879-crore loss as high fuel costs, geopolitical woes hit; capacity cuts & yield management offer only partial relief, says CEO Willie Walsh

What matters next