Nifty 50 ended the week at 23146.15, up 0.65%

The session

Where the market stands

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 94.96, rupee firmer by 0.20% on the session
• India VIX: 14.02 (-0.0%)
• Gold (rupee terms): +0.32% on the session, -2.1% over five sessions

Key drivers

Markets

• Market wrap: Tech Mahindra, TCS, InterGlobe, BSE top gainers and losers on Nifty and Sensex on Friday. Indian equities extended gains as strong IT earnings lifted sentiment, with the Nifty rising 149 points to 23,146 and Sensex gaining 413 points. Tech Mahindra led advances, while broader markets slipped. Analysts flagged 23,000 as crucial for further upside. (Economic Times Markets)
• Nifty IT soars 14% in 6 days on Q2 earnings boost; TechM, Wipro, TCS shine. At 10:12 AM on Friday, the Nifty IT index was the top sectoral gainer, up 2.8%. Tech Mahindra, Wipro, Infosys and TCS surged up to 7% amid Q2 earnings cheer. (Business Standard Mkts)
• Bulls fight back as Sensex stages 700-point comeback. 4 factors driving the rally. On Friday morning, benchmark indices Sensex and Nifty made a remarkable recovery after a short dip into negative territory. (ET Stocks)
• Why are markets rising today? Sensex soars 700 pts from day’s low, Nifty nears 23,150. 4 factors fuelling the surge. On Friday morning, benchmark indices Sensex and Nifty made a remarkable recovery after a short dip into negative territory. (Economic Times Markets)

Read more Market wrap: Tech Mahindra, TCS, InterGlobe, BSE top gainers and losers on Nifty and Sensex on Friday · Nifty IT soars 14% in 6 days on Q2 earnings boost; TechM, Wipro, TCS shine · Bulls fight back as Sensex stages 700-point comeback. 4 factors driving the rally · Why are markets rising today? Sensex soars 700 pts from day’s low, Nifty nears 23,150. 4 factors fuelling the surge

Economy & policy

Economy and policy

• Aggressive RBI measures hand India bonds a ninth weekly loss. Indian government bonds have experienced ongoing losses for nine consecutive weeks due to RBI's monetary tightening measures. The benchmark 6.94% 2036 bond yield has climbed over 62 basis points during this period, reflecting investor concerns. (Economic Times Markets)
• Festive spending in urban India to drop 6% to ₹1.97 lakh crore amid inflation: Survey. Urban India's festive spending is projected to fall 6% to ₹1.97 lakh crore in 2026, with households budgeting an average of nearly ₹20,000 amid rising inflation and borrowing costs, according to a LocalCircles survey. (Business Today Mkts)
• SEBI To Wait At Least A Year Before Revisiting CAS, Says KVR Murty. The regulator is optimistic about the revised Closing Auction Session mechanism and will consider further changes based on market feedback, but will not make revisions without consulting market participants. (NDTV Profit)
• India may raise fuel prices in November, says economist Alexandra Hermann Prasad. If authorities do not announce a fuel price increase in November, Oxford Economics’ inflation projections could decline by 10-30 basis points in the coming quarters. (Business Today Mkts)

Read more Aggressive RBI measures hand India bonds a ninth weekly loss · Festive spending in urban India to drop 6% to ₹1.97 lakh crore amid inflation: Survey · SEBI To Wait At Least A Year Before Revisiting CAS, Says KVR Murty · India may raise fuel prices in November, says economist Alexandra Hermann Prasad

Companies

• NSE, BSE, Groww, other capital market stocks rise up to 3% as Sebi revises CAS framework. What traders must know. SEBI has revised the Closing Auction Session framework, changing market timings, order transfer rules and settlement price calculations for derivatives. (Economic Times Markets)
• Q2 impact: TechM shares gain 5% as analysts raise earnings estimate, target. Tech Mahindra shares jumped 5 per cent and emerged as the top Sensex gainer after the Q2 results. SBI Securities said that it expects Tech Mahindra stock to outperform the broader IT sector and peers. (Business Standard Mkts)
• Federal Bank Q2 Results: Net Profit Jumps 45% YoY To Record Rs 1,386 Crore; NII Rises 26%. Growth remained broad-based across the bank's chosen segments. Gold loans grew 37.13% YoY, loans against property (LAP) increased 32.21%, credit cards rose 28.27%, and commercial banking expanded 25.46%. (NDTV Profit)
• Indian Bank reports a Rs 1,388 crore gain from sale of NSE shares. Indian Bank gained Rs 1,388 crore from the NSE listing, boosting second-quarter non-interest income by 50% to Rs 3,953 crore. The one-time gain offset pressure from rising bond yields, despite Rs 123 crore in mark-to-market losses. (ET Stocks)

Read more NSE, BSE, Groww, other capital market stocks rise up to 3% as Sebi revises CAS framework. What traders must know · Q2 impact: TechM shares gain 5% as analysts raise earnings estimate, target · Federal Bank Q2 Results: Net Profit Jumps 45% YoY To Record Rs 1,386 Crore; NII Rises 26% · Indian Bank reports a Rs 1,388 crore gain from sale of NSE shares

Companies

New issues

• SEBI Approves Four IPOs Including Cult.fit, Sohan Lal Commodity Management. The approvals add four companies to the pipeline of businesses preparing to tap the public markets. (NDTV Profit)
• Sahajanand Medical Technologies IPO GMP Today: Grey Market Premium Signals 13% Listing Gain. Sahajanand Medical Technologies IPO is expected to list at Rs 387 against the upper price band of Rs 344. The issue is worth Rs 475.48 crore and will remain open for subscription until Oct. 19. (NDTV Profit)
• HD Fire Protect IPO allotment likely today; GMP at 30%. Here's how to check status. HD Fire Protect IPO allotment status is expected today following a massive 131.70 times subscription. The Rs 712.31-crore public issue commands a 30% grey market premium. (Economic Times Markets)
• Reliance Jio IPO: Should investors chase listing gains or focus on long-term value? Experts weigh in. Jio Platforms IPO is set to open for public subscription on Wednesday, 21 October. Mukesh Ambani-led oil-to-telecom-to-retail conglomerate Reliance Industries (RIL) currently owns a 66.43% stake in Jio Platforms. (LiveMint Markets)

Read more SEBI Approves Four IPOs Including Cult.fit, Sohan Lal Commodity Management · Sahajanand Medical Technologies IPO GMP Today: Grey Market Premium Signals 13% Listing Gain · HD Fire Protect IPO allotment likely today; GMP at 30%. Here's how to check status · Reliance Jio IPO: Should investors chase listing gains or focus on long-term value? Experts weigh in

Currency, commodities & rates

World

• China Says Ready To Address Each Other's Concerns After Sitharaman Flags Trade Barriers. Sitharaman on Friday said the growing trade imbalance and persistent restrictions on market access for Indian products remained major concerns, despite years of engagement with Beijing. (NDTV Profit)
• Nirmala Sitharaman Says Trade Barriers A Hurdle To China-India Ties. FM Sitharaman called out China for denying market access to India's goods that have "immense" potential in the mainland, including generic drugs, beef and vegetables. (NDTV Profit)
• Global trade realignment: India’s export push faces rising imports, China challenge. The gap between export and import growth is the central concern. India has expanded manufacturing and overseas shipments, but purchases from abroad are increasing much faster than sales to international markets. (Business Today Mkts)
• India Among Top Three Global Investors As World Bank's Private Capital Mobilisation Triples To $112B. India ranked among the top three sources of private capital mobilised by the World Bank Group in FY26, alongside the United States and the United Kingdom. The institution’s private capital mobilisation reached a record $112 billion. (NDTV Profit)

Read more China Says Ready To Address Each Other's Concerns After Sitharaman Flags Trade Barriers · Nirmala Sitharaman Says Trade Barriers A Hurdle To China-India Ties · Global trade realignment: India’s export push faces rising imports, China challenge · India Among Top Three Global Investors As World Bank's Private Capital Mobilisation Triples To $112B

What matters next