Nifty 50 ended the week at 25,030.35, up 8.58% over the week

The session

Where the market stands

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 93.91, rupee firmer by 0.64% on the session
• India VIX: 17.47 (+12.1%)
• Gold (rupee terms): -1.63% on the session, +0.8% over five sessions

Key drivers

Markets

• Sensex up 6,064 pts in six days; eyes strongest pre-Diwali rally in 35 yrs. The BSE Sensex and NSE Nifty rallied 8.3% and 8.1% in the last six trading sessions, and are on course to log the best 7-day pre-Diwali rally since the inception of Muhurat trading on the NSE in 1992. (Business Standard Mkts)
• Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex trades choppy, Nifty below 24,500; Power Grid drops 3%, M&M up 2%. (ET Stocks)
• Diwali cheer on D-St! Nifty reclaims 25,000 as rally extends to 7th session; investors add over Rs 30 lakh crore. The total market capitalisation (m-cap) of BSE-listed companies increased by around Rs 1.49 lakh crore to Rs 503.10 lakh crore on Friday, compared with Rs 501.61 lakh crore in the previous session. (Business Today Mkts)
• Nifty, Sensex escape Wall Street, Asia rout that wipes out over $2 trillion; IT stocks rally; here's why. The BSE Sensex was quoting at 79,460.30, up 150.29 points or 0.19 per cent. Nifty was down 20.50 points, or 0.08 per cent, at 24,516.10. (Business Today Mkts)

Read more Sensex up 6,064 pts in six days; eyes strongest pre-Diwali rally in 35 yrs · Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex trades choppy, Nifty below 24,500; Power Grid drops 3%, M&M up 2% · Diwali cheer on D-St! Nifty reclaims 25,000 as rally extends to 7th session; investors add over Rs 30 lakh crore · Nifty, Sensex escape Wall Street, Asia rout that wipes out over $2 trillion; IT stocks rally; here's why

Economy & policy

Economy and policy

• India loses $13 billion worth of food annually: How climate change is worsening the crisis. India loses an estimated $13 billion worth of food annually due to inadequate cold-chain infrastructure, with extreme weather worsening agricultural losses. (Business Today Mkts)
• SEBI's New Settlement Formula: What Determines How Much An Applicant Pays, And How To Calculate?. SEBI has created a calculator which calculates settlement amount in accordance with the new Settlement Regulations. (NDTV Profit)
• 'No reason to go elsewhere': Zerodha CEO Nithin Kamath welcomes SEBI's NRI KYC changes. Zerodha CEO Nithin Kamath welcomed SEBI’s eased digital KYC rules for overseas investors, saying eligible NRIs and OCIs can now complete account opening from abroad in days instead of weeks. (LiveMint Markets)
• Mumbai Gets Extra Diwali Holiday On November 9: Maharashtra Govt Issues Order. The Maharashtra Government has declared November 9 a local holiday on account of Diwali, adding to two previously announced local holidays. (NDTV Profit)

Read more India loses $13 billion worth of food annually: How climate change is worsening the crisis · SEBI's New Settlement Formula: What Determines How Much An Applicant Pays, And How To Calculate? · 'No reason to go elsewhere': Zerodha CEO Nithin Kamath welcomes SEBI's NRI KYC changes · Mumbai Gets Extra Diwali Holiday On November 9: Maharashtra Govt Issues Order

Companies

• Bharti Airtel reclaims 2nd spot in mcap rankings, overtakes Jio Platforms. Bharti Airtel on Friday reclaimed the title of the country's second most valuable company by market valuation, overtaking Jio Platforms. At market close, Bharti Airtel shares ended 1.66 per cent higher at Rs 2,096.25 on the BSE. (BS Companies)
• NSE Market Cap Crosses $50 Billion As Stock Price Jumps Over 3%. At today's highest price, the market capitalization of recently-listed NSE surpassed $50 billion, or Rs 4.84 lakh crore, making it the seventh biggest listed company, surpassing the giants like Infosys, Hindustan Unilever, LIC and ITC. (NDTV Profit)
• ICICI Bank extends rally, soars 10% in 4 days; market cap nears ₹11 trn. ICICI Bank's market cap touched ₹10.96 trillion on the BSE in intraday trade on Friday, BSE data shows. (Business Standard Mkts)
• Britannia to closely watch Reliance Consumer's entry into biscuit market. Britannia Industries will monitor Reliance Consumer's expansion into biscuits as competition intensifies, while planning further price hikes amid inflation and rising ecommerce demand (BS Companies)

Read more Bharti Airtel reclaims 2nd spot in mcap rankings, overtakes Jio Platforms · NSE Market Cap Crosses $50 Billion As Stock Price Jumps Over 3% · ICICI Bank extends rally, soars 10% in 4 days; market cap nears ₹11 trn · Britannia to closely watch Reliance Consumer's entry into biscuit market

Companies

New issues

• Maxwell Engineering shares list at 90% premium. Here's how HGS, other 2 SME issues debuted. Maxwell Engineering Solutions, HGS (India), Vectras Enprocon, and Johnsoncab Electricals recently marked their presence on the stock exchange, collectively raising around Rs 201 crore via their IPOs. (ET Stocks)
• Quick Mart IPO Draws Strong Demand as Kenyan Listings Pick Up. Quick Mart Plc saw demand for shares in its initial public offering exceed the number available by almost 23% as Kenya’s second-biggest supermarket chain concluded the nation’s second IPO of the year. (LiveMint Markets)
• Upcoming IPO: Coal India’s Mahanadi Coalfields gets Sebi nod for public issue; top things to know about PSU public offer. Mahanadi Coalfields filed its draft red herring prospectus (DRHP) with the Sebi in September. The proposed IPO will be entirely an offer for sale (OFS) by promoter (LiveMint Markets)
• Best-ever Samvat for IPOs: Record ₹2.23 trillion raised, up 19.6%. India's primary market raised a record ₹2.23 trillion through 375 IPOs in Samvat 2082, with mainboard issues accounting for ₹2.12 trillion and SME offerings for the rest. (Business Standard Mkts)

Read more Maxwell Engineering shares list at 90% premium. Here's how HGS, other 2 SME issues debuted · Quick Mart IPO Draws Strong Demand as Kenyan Listings Pick Up · Upcoming IPO: Coal India’s Mahanadi Coalfields gets Sebi nod for public issue; top things to know about PSU public offer · Best-ever Samvat for IPOs: Record ₹2.23 trillion raised, up 19.6%

Currency, commodities & rates

World

• 'Anti-AI' trade puts Indian stocks ahead of Asian peers amid global selloff. Indian equities are headed for their biggest weekly gain in over five years, as a global selloff in AI stocks, falling crude oil prices and improving earnings prospects boost the market's appeal (Business Standard Mkts)
• India bonds emerge as top Asian performers as oil, Treasury yields decline. This week, Indian government bonds saw a positive trend following a Democratic win in the U.S. midterm elections. The reduction in oil prices and Treasury yields eased rupee pressure, boosting investor confidence. (Economic Times Markets)
• Anthropic IPO valuation: Why investors are lowering expectations after Wall Street sell-off. Anthropic's IPO valuation expectations have fallen sharply after a Wall Street sell-off, with investors now discussing a range of $1.2 trillion to $1.3 trillion, down from earlier expectations of up to $2 trillion. (LiveMint Companies)
• Investing in US stocks from India: Check how these 5 platforms stack up. Fees, structure and tax help differ across INDmoney, Interactive Brokers, Vested Finance, Paasa and ZFunds (Business Standard Mkts)

Read more 'Anti-AI' trade puts Indian stocks ahead of Asian peers amid global selloff · India bonds emerge as top Asian performers as oil, Treasury yields decline · Anthropic IPO valuation: Why investors are lowering expectations after Wall Street sell-off · Investing in US stocks from India: Check how these 5 platforms stack up

What matters next