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

• Concurrent Gainers: 9 stocks gain for 5 days in a row. Amid the Sensex’s 8.82% five-session rally, several BSE 200 stocks posted consecutive gains. Here are 10 stocks that advanced every session between November 2 and 6, delivering returns of 14–19%. (ET Stocks)
• Diwali Fireworks! Nifty surges over 8% in Nov 2-6 week, best in 6 yrs after US Midterm Election results; RIL soars 13%. Indian stocks surged for a seventh consecutive session, with the Nifty gaining 8.58% for its strongest weekly rise in about six years. (LiveMint Markets)
• 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)
• From Diwali 2025 to Diwali 2026: How Sensex, Nifty 50, rupee, crude oil changed in Samvat 2082 | What lies ahead?. After a sharp seven-session rally, technical analysts said Indian equities have a bullish near-term outlook, with key resistance and support levels guiding the next move. They cautioned that elevated momentum and recent gains could prompt profit-taking. (LiveMint Markets)

Read more Concurrent Gainers: 9 stocks gain for 5 days in a row · Diwali Fireworks! Nifty surges over 8% in Nov 2-6 week, best in 6 yrs after US Midterm Election results; RIL soars 13% · Diwali cheer on D-St! Nifty reclaims 25,000 as rally extends to 7th session; investors add over Rs 30 lakh crore · From Diwali 2025 to Diwali 2026: How Sensex, Nifty 50, rupee, crude oil changed in Samvat 2082 | What lies ahead?

Economy & policy

Economy and policy

• India Should Scrap Equity Tax on Foreigners, Says Edelweiss Head. India should consider removing the capital gains tax imposed on foreigners to help revive the country’s stock market, Edelweiss Financial Services Ltd. (LiveMint Markets)
• RBI Consolidates Cybersecurity Rules, Prescribes New Safeguards For Non-Bank Payment Firms. RBI has consolidated cybersecurity regulations for non-bank payment operators, introducing stricter safeguards for digital transactions, fraud monitoring and cyber incident reporting. (NDTV Profit)
• 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 rules effective November 7: Online applications, revised fees, fast-track process explained. SEBI's new settlement regulations take effect from November 7, introducing online applications, revised fees and faster resolution of eligible regulatory cases. (Business Today Mkts)

Read more India Should Scrap Equity Tax on Foreigners, Says Edelweiss Head · RBI Consolidates Cybersecurity Rules, Prescribes New Safeguards For Non-Bank Payment Firms · India loses $13 billion worth of food annually: How climate change is worsening the crisis · SEBI's new settlement rules effective November 7: Online applications, revised fees, fast-track process explained

Companies

• Three investors offload 1.84% stake in Groww for ₹2,457 crore in bulk deals. Peak XV Partners, Y Combinator and Goldman Sachs have sold a combined 2 per cent stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 2,457 crore, according to bulk deal data on the BSE and NSE. (BS 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)

Read more Three investors offload 1.84% stake in Groww for ₹2,457 crore in bulk deals · 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

Companies

New issues

• Amber Enterprises arm IL JIN Electronics files DRHP for ₹2,500 crore IPO. IL JIN Electronics (India) Ltd, an arm of Amber Enterprises India Ltd, has filed preliminary papers with the market regulator Sebi to raise Rs 2,500 crore through an initial public offering (IPO). (Business Standard Mkts)
• Hindustan Coca-Cola Holdings Files DRHP With SEBI To Raise Funds Via IPO. Hindustan Coca-Cola Holdings files draft papers with market regulator with SEBI. (NDTV Profit)
• Coca-Cola India bottler files IPO papers with SEBI; nearly 100 crore shares on offer. Backed by Coca-Cola and Jubilant Beverages, HCCH is gearing up for a stock market debut as it expands its footprint in India's growing beverage market. The company operates across 10 states and four Union Territories, reaching nearly 17 lakh retail outlets. (Business Today Mkts)
• 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)

Read more Amber Enterprises arm IL JIN Electronics files DRHP for ₹2,500 crore IPO · Hindustan Coca-Cola Holdings Files DRHP With SEBI To Raise Funds Via IPO · Coca-Cola India bottler files IPO papers with SEBI; nearly 100 crore shares on offer · Quick Mart IPO Draws Strong Demand as Kenyan Listings Pick Up

Currency, commodities & rates

World

• AI Slump Revives Asia's Forgotten Trades From China To India. Aberdeen Investments favors markets powered by stronger domestic growth, including India and Vietnam, and sees upside in Chinese technology firms. (NDTV Profit)
• '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)
• How anti-AI trade after US midterm election results is reviving Indian, Chinese stocks. The unraveling of the AI trade after the US midterm elections is forcing investors to rethink their Asia playbook, reviving demand for out-of-favor Chinese and Indian stocks as well as companies poised to benefit from easing inflation and trade tensions. (LiveMint Markets)
• 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)

Read more AI Slump Revives Asia's Forgotten Trades From China To India · 'Anti-AI' trade puts Indian stocks ahead of Asian peers amid global selloff · How anti-AI trade after US midterm election results is reviving Indian, Chinese stocks · India bonds emerge as top Asian performers as oil, Treasury yields decline

What matters next