Weekend report
10 OCT 2026 · 08:04 IST
Nifty 50 ended the week at 22520.45, up 1.3%
The benchmarks closed higher. Levels and sector moves for the session are shown below.
Nifty 50
22,520.45
+1.3%
Close, 10 OCT 2026
Bank Nifty
55,256.65
+1.36%
Close, 10 OCT 2026
Sensex
72,560.7
+1.35%
Close, 10 OCT 2026
The session
Where the market stands
The Nifty 50 rose 1.30% in the last session. The Nifty 50 sits in the lowest fifth of its 52-week range, 14.5% below the high.
Foreign institutions were net sellers of ₹3,569 crore in the cash market on 9 October, and domestic institutions net buyers of ₹4,743 crore. Domestic money absorbed the foreign flow, which is why the index moved less than either side's figure would suggest. Over the last 5 sessions foreign institutions were net sellers of ₹30,294 crore.
Key drivers
Market breadth
22 of 25 sectors advanced. The move was broad, with gains spread across most of the market rather than concentrated in a few sectors. IT led and Oil & Energy lagged, a spread of 2.4 points between the two ends of the market.
Currency, commodities & rates
Currency, commodities and rates
- USD/INR: 96.73, rupee firmer by 0.03% on the session
- India VIX: 14.35 (-6.1%)
- Gold (rupee terms): +1.50% on the session, +1.1% over five sessions
Key drivers
Markets
- Stocks in news: TCS, ITC, Infosys, Cochin Shipyard and RIL. On Thursday, the financial markets took a hit, plummeting by almost 1.5% due to robust selling pressure. The Nifty index wavered near its April 2026 low, suggesting ongoing vulnerabilities. (ET Stocks)
- Sensex, Nifty crash wipes off Rs 30 lakh crore from Dalal Street in less than 6 weeks. What can trigger a rebound?. The Indian stock market has undergone a significant downturn, with nearly Rs 30 lakh crore wiped off its market capitalisation. Contributing factors include surging oil prices and elevated bond yields. (ET Stocks)
- Nifty IT becomes rocket! 3% up; Check TCS, Infosys, Wipro, Mphasis, HCL, Oracle, Tech Mahindra, Coforge performance. Nifty IT jumped over 3% in the morning trade, with TCS leading the charge, surging almost 6%. On Thursday, TCS reported Q2 revenue of ₹73,188 crore, up 11.20% year-on-year (YoY). Consolidated net profit rose by 15% YoY to ₹13,884 crore. (LiveMint Markets)
- RBI’s sell-buy swaps slow rupee’s fall but push up forward premiums, making hedging costlier for foreign investors. The Reserve Bank of India is engaged in dollar sell-buy swaps to stabilize the rupee's value. However, this has resulted in higher forward premiums, making it expensive for foreign investors to hedge. (Economic Times Markets)
Read more Stocks in news: TCS, ITC, Infosys, Cochin Shipyard and RIL · Sensex, Nifty crash wipes off Rs 30 lakh crore from Dalal Street in less than 6 weeks. What can trigger a rebound? · Nifty IT becomes rocket! 3% up; Check TCS, Infosys, Wipro, Mphasis, HCL, Oracle, Tech Mahindra, Coforge performance · RBI’s sell-buy swaps slow rupee’s fall but push up forward premiums, making hedging costlier for foreign investors
Economy & policy
Economy and policy
- Rupee under pressure: SBI Research wants RBI to prioritise currency stability alongside inflation. In its October 9 report, Ecowrap, SBI Research said the RBI needs to strengthen its policy toolkit to address mounting pressure on emerging market currencies. (Business Today Mkts)
- BT BIG STORY: Why forex reserves fell $50 bn in a month despite record FCNR(B) inflows. RBI Governor Sanjay Malhotra said markets can be irrational in the short term and that the rupee may be undervalued. (Business Today Mkts)
- Rupee posts weekly fall despite rate hike amid adverse flows, weak sentiment. In recent trading, the Indian rupee closed at 96.73 against the dollar, showing minimal fluctuation from its prior standing. The rupee's slide was mitigated by dollar sales from state-run banks, although it lingers close to record lows. (Economic Times Markets)
- ET Alpha Wealth Summit 2.0 | SIFs, passive funds and GIFT City: How India's wealth portfolios are evolving, says Tata AMC's Anand Vardarajan. Tata Asset Management CEO Anand Vardarajan highlights how passive funds, SIFs and GIFT City are reshaping wealth management. (ET Stocks)
Read more Rupee under pressure: SBI Research wants RBI to prioritise currency stability alongside inflation · BT BIG STORY: Why forex reserves fell $50 bn in a month despite record FCNR(B) inflows · Rupee posts weekly fall despite rate hike amid adverse flows, weak sentiment · ET Alpha Wealth Summit 2.0 | SIFs, passive funds and GIFT City: How India's wealth portfolios are evolving, says Tata AMC's Anand Vardarajan
Companies
- ITC stock rallies 5%, sees sharpest intraday rally in 6 months; here's why. Top buyers in ITC's block deal on Thursday: Fidelity Advisor Series VIII-Fidelity Advisor Overseas Fund, ICICI Prudential MF, SBI MF, Nippon India MF and Citigroup Global Markets Singapore Pte. (Business Standard Mkts)
- JM Financial tops investment banking league table in H1 FY27 with Rs 75,775 crore. Domestic investment banks experienced significant success in achieving equity fundraising in HY27. JM Financial, ICICI Securities, and SBI Capital Markets led the transactions during this period. (Economic Times Markets)
- Q2 Results Live Updates: Poonawalla Fincorp Profit Surges To Rs 375 Crore; Anand Rathi Approves Dividend. Q2 FY27 Results Live Updates: Anand Rathi, Can Fin Homes and Poonawalla Fincorp will be among the key earnings announcements to watch. (NDTV Profit)
- 6 Defence stocks turn multibaggers in H1 FY27, rally up to 600%. The Nifty India Defence index rallied 25% in H1 FY27 despite broader market volatility, with 10 defence stocks gaining 50% to 600%. (Economic Times Markets)
Read more ITC stock rallies 5%, sees sharpest intraday rally in 6 months; here's why · JM Financial tops investment banking league table in H1 FY27 with Rs 75,775 crore · Q2 Results Live Updates: Poonawalla Fincorp Profit Surges To Rs 375 Crore; Anand Rathi Approves Dividend · 6 Defence stocks turn multibaggers in H1 FY27, rally up to 600%
Companies
New issues
- Jio Platform IPO price to be set at Rs 1,065-1,119, says report; check details. The company is likely to raise Rs 30,213 crore from its maiden stake sale, which is set to become India's largest ever IPO, surpassing Hyundai Motor India. (Business Today Mkts)
- Ambani Heirs Face Tough Questions In Roadshow For Record Jio IPO. While valuation and IPO pricing is not yet confirmed, some fund managers told Akash that the company's desired valuation appeared ambitious and would be hard for the market to absorb, the people said. (NDTV Profit)
- Fusion CX fixes IPO price band at ₹275-289 per share, issue size at ₹702 cr. AI-powered customer experience solutions provider Fusion CX Ltd on Friday fixed the price band of Rs 275-289 per share for its Rs 702 crore Initial Public Offering (IPO), which will open for subscription on October 14. (Business Standard Mkts)
- Zetwerk eyes ₹27,000 crore IPO valuation as over 30 investors weigh anchor book. Abu Dhabi Investment Authority (ADIA), Norway's central bank, and the asset management arms of Goldman Sachs, SBI and HDFC are among more than 30 foreign and domestic investors considering participation in Zetwerk's anchor book ahead of its IPO. (LiveMint Companies)
Read more Jio Platform IPO price to be set at Rs 1,065-1,119, says report; check details · Ambani Heirs Face Tough Questions In Roadshow For Record Jio IPO · Fusion CX fixes IPO price band at ₹275-289 per share, issue size at ₹702 cr · Zetwerk eyes ₹27,000 crore IPO valuation as over 30 investors weigh anchor book
Currency, commodities & rates
World
- Global Market: Foreign investors pull $23.5 billion from Asian equities in September as US yields surge. Foreign investors withdrew $23.49 billion from Asian equities in September as rising US Treasury yields, inflation fears and tighter monetary policies weakened risk appetite. (Economic Times Markets)
- Mirae Asset Sharekhan Enables Indian Investors To Access Over 10,000 Us Stocks And ETFs Through Gift City. Powered through Mirae Asset Capital Markets (IFSC) Pvt. Ltd., which holds an IFSCA Broker Dealer registration and supported by a partner, the platform offers investors access to more than 10,000 US stocks and ETFs and over 2,500 fractional stocks and ETFs (NDTV Profit)
- Israel to honour Indian pilot Smit Machchhar for his role in foiling flydubai attack. Herzog made the announcement in Jerusalem while presenting the Presidential Medal for Civilian Heroism to six Israeli passengers who helped thwart the alleged attempt to crash flight FZ1073 last week. (Business Today Mkts)
- 'Navi' triumphs over Trump! Indian-origin Navanethem Pillay wins 2026 Nobel Peace Prize. Pillay emerged at the head of an extensive field of 287 nominated individuals and organizations, standing out for a career defined by breakthrough legal precedents and an unyielding commitment to accountability. (Business Today Mkts)
Read more Global Market: Foreign investors pull $23.5 billion from Asian equities in September as US yields surge · Mirae Asset Sharekhan Enables Indian Investors To Access Over 10,000 Us Stocks And ETFs Through Gift City · Israel to honour Indian pilot Smit Machchhar for his role in foiling flydubai attack · 'Navi' triumphs over Trump! Indian-origin Navanethem Pillay wins 2026 Nobel Peace Prize
What matters next
The next Indian trading session is 12 Oct 2026.
On the calendar: Q2 Results Live Updates: Poonawalla Fincorp Profit Surges To Rs 375 Crore; Anand Rathi Approves Dividend; 6 Defence stocks turn multibaggers in H1 FY27, rally up to 600%; India bonds extend weekly slide; struggle to shake off RBI hike, hawkish stance shift.
Market internals
Advances and declines
of 25 sectors
Broad: most sectors rose.
52-week position
Where each close sits between its own year’s low and high.