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)
• 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)
• Sensex rises 308 points, Nifty above 23,000 even as broader markets crash. Will D-Street bulls extend recovery next week?. Indian market indices Sensex and Nifty ended the week on a high note, each climbing by up to 0.5%. Even as the broader market suffered losses, standout performers like Trent and IndiGo flourished thanks to positive earnings. (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? · Market wrap: Shriram Finance, Nestle India, Trent, InterGlobe top gainers and losers on Nifty and Sensex on Friday · Sensex rises 308 points, Nifty above 23,000 even as broader markets crash. Will D-Street bulls extend recovery next week?

Economy & policy

Economy and policy

• Sebi bars EKI Energy, MD Dabkara, others from market; imposes penalty. Markets regulator Sebi has barred EKI Energy Services Ltd and its Managing Director Manish Kumar Dabkara from the securities market for two months and 12 months, respectively, for misrepresenting financial statements of the carbon credits trading firm and… (Business Standard Mkts)
• Sebi pushes for resilient capital markets, focuses on investor protection: Chairman. SEBI Chairman Tuhin Kanta Pandey emphasized the importance of accessible and efficient capital markets at a recent forum. He highlighted the growth in market capitalisation with significant annual fundraising through equity and debt. (Economic Times Markets)
• SEBI Steps Up Investor Safeguards Amid Rising Market Participation: Chairman. Cautioning that wider market participation also brings greater responsibility, Pandey said opening an investment account had become easier, but understanding investment risks still required knowledge, care and sound judgement. (NDTV Profit)
• 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)

Read more Sebi bars EKI Energy, MD Dabkara, others from market; imposes penalty · Sebi pushes for resilient capital markets, focuses on investor protection: Chairman · SEBI Steps Up Investor Safeguards Amid Rising Market Participation: Chairman · Monsoon woes, crude concerns, inflation worries may cloud India’s second-half growth momentum

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)
• Turnaround Story: 8 stocks shift from loss to profit in September '26 quarter. Eight Nifty 500 stocks, including IndusInd Bank, Tata Motors and Delhivery, moved from losses to profits in the September 2026 quarter, according to StockEdge's profitability scan. (Economic Times Markets)
• 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)

Read more Q2 Results Live: Varun Beverages Q3 Net Profit Rises 14% YoY; Reliance Slips, Sun Pharma Gains Ahead Of Earnings · Turnaround Story: 8 stocks shift from loss to profit in September '26 quarter · 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

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)
• Jio Platforms up 27.8% since IPO listing but how RIL, Jio Fin, Alok Ind, Network 18, Lotus shares fared in 3 years?. Jio Platforms made a strong stock market debut, listing 21.26% above its IPO price and rising 27.8%. (LiveMint 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)

Read more BLS Polymers IPO allotment likely today; GMP hints at 45% listing gain. Here's how to check status · Jio Platforms up 27.8% since IPO listing but how RIL, Jio Fin, Alok Ind, Network 18, Lotus shares fared in 3 years? · 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

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)
• UK Student Visa Rules To Change: Indians Must Show Up To Rs 18 Lakh For Living Expenses. UK student visa rules require applicants relying on personal funds to maintain the necessary balance for at least 28 consecutive days before submitting their applications (NDTV Profit)
• 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)

Read more Gold, silver extend losses as US inflation concerns weigh on rate-cut hopes · UK Student Visa Rules To Change: Indians Must Show Up To Rs 18 Lakh For Living Expenses · ZFunds brings US stocks and ETFs to distributors, beyond DIY apps

What matters next