Nifty 50 ended the week at 22,600.00, down 1.73% over the week

The session

Where the market stands

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 94.93, rupee weaker by 0.65% on the session
• India VIX: 16.86 (+7.0%)
• Gold (rupee terms): -1.24% on the session, -3.3% over five sessions

Key drivers

Markets

• Stocks in news: Swiggy, Infosys, HPCL, eMudhra, Adani Power, Shriram Finance, Tata Motors and NLC India. Indian equity markets faced continued downward pressure, marked by persistent selling and negative global indicators. The Nifty 50 index saw a decline, with analysts pointing out critical resistance and support points. (Economic Times Markets)
• Market crash: Sensex sinks 1,279 pts from day's high; Nifty tests 22,400. With Brent at $114, high crude prices remain a key headwind for oil-sensitive sectors, making a broad-based equity recovery difficult, says Hariselvan Radhakrishnan of HST Wealth (Business Standard Mkts)
• Only 15% of midcap stocks above 50-DMA: Is buying the dip getting riskier? JM Financial spots signs of leadership shift. JM Financial warns midcap and smallcap leadership may weaken as market breadth deteriorates sharply. Largecaps show early recovery signals, but investors should remain cautious. (Economic Times Markets)
• Stock Market Crash Highlights: Sensex, Nifty End Lower After Late Recovery, Mid Caps Sink 3%. The Nifty 50 recovered 83.60 points from its provisional close of 22,516.40, while the Sensex gained back 228.88 points from its provisional closing level of 72,894.95. (NDTV Profit)

Read more Stocks in news: Swiggy, Infosys, HPCL, eMudhra, Adani Power, Shriram Finance, Tata Motors and NLC India · Market crash: Sensex sinks 1,279 pts from day's high; Nifty tests 22,400 · Only 15% of midcap stocks above 50-DMA: Is buying the dip getting riskier? JM Financial spots signs of leadership shift · Stock Market Crash Highlights: Sensex, Nifty End Lower After Late Recovery, Mid Caps Sink 3%

Economy & policy

Economy and policy

• Sebi bars Avadhut Sathe, academy from markets, imposes ₹11.5 crore penalty. In a final order issued on Friday, the market regulator directed ASTAPL and its founder Avadhut Dinkar Sathe to disgorge and refund ₹546.17 crore to eligible investors and participants who paid for its unregistered services. (LiveMint Markets)
• Sebi orders Avadhut Sathe Trading Academy and its founder to refund ₹546 cr. Markets regulator Sebi on Friday directed Avadhut Sathe Trading Academy Pvt Ltd (ASTAPL) and its Founder Avadhut Sathe to refund Rs 546.17 crore collected from participants for providing unregistered investment advisory and research analyst services, along… (Business Standard Mkts)
• India's 10-year bond falls for 10th week in record slump. Indian government bonds have experienced their worst decline in thirty years, falling consecutively for ten weeks. Rising crude oil prices and a hawkish central bank stance have impacted the market negatively. (Economic Times Markets)
• RBI raises repo rate to 5.50% but injects ₹2.5 lakh crore: Is its policy sending mixed signals?. The RBI’s repo rate hike to 5.50% has been accompanied by a ₹2.5 lakh crore liquidity injection, raising questions about its monetary policy direction. SBI Research warns that these moves could send mixed signals to markets and affect government bond yields. (Business Today Mkts)

Read more Sebi bars Avadhut Sathe, academy from markets, imposes ₹11.5 crore penalty · Sebi orders Avadhut Sathe Trading Academy and its founder to refund ₹546 cr · India's 10-year bond falls for 10th week in record slump · RBI raises repo rate to 5.50% but injects ₹2.5 lakh crore: Is its policy sending mixed signals?

Companies

• Why are mid, small-caps bleeding? Indices crash up to 4% - Swiggy, Meesho, Vedanta Aluminium, MCX lose big. The BSE 150 Midcap index crashed 3.2%, while the BSE 250 SmallCap Index crashed 3.6% during the session. The Sensex and the Nifty 50 declined up to 1.4% during the session. (LiveMint Markets)
• Shriram Finance Q2 Results: Profit Jumps 59% To Rs 3,677 Crore, Dividend Declared | Check Record Date. He NBFC's net profit rose 59.4% to Rs 3,677 crore in the quarter from Rs 2,307 crore in the corresponding period last year. (NDTV Profit)
• SBI Card Q2 profit rises 75% to ₹778 crore as asset quality improves. SBI Card's profit after tax rose to Rs 778 crore in the September quarter as gross NPAs fell to 1.90% and loan loss provisions declined 36.6% year-on-year (BS Companies)
• BSE Capital Goods index tanks nearly 4%; Hitachi Energy, ABB India slip 6%. In the past month, the BSE capital goods index slipped 12% as against a 2.8% decline in the BSE Sensex. (Business Standard Mkts)

Read more Why are mid, small-caps bleeding? Indices crash up to 4% - Swiggy, Meesho, Vedanta Aluminium, MCX lose big · Shriram Finance Q2 Results: Profit Jumps 59% To Rs 3,677 Crore, Dividend Declared | Check Record Date · SBI Card Q2 profit rises 75% to ₹778 crore as asset quality improves · BSE Capital Goods index tanks nearly 4%; Hitachi Energy, ABB India slip 6%

Companies

New issues

• Shellz India SME shares to list today; GMP indicates 4% potential gain. Shellz India is set to list on the BSE SME platform on October 23, with a grey market premium of around 4%, indicating a potential listing gain of 4%. (Economic Times Markets)
• Jio IPO closes today: Will it deliver a double-digit listing gain or become a long-term compounder?. Jio Platforms will wrap up its IPO bidding today, setting a new benchmark as India's largest public offering to date. With an overwhelming interest from investors, substantial gains are forecasted when the shares list. (Economic Times Markets)
• Mother of all IPOs! Jio Platforms shatters many existing records - Full list here. Jio Platforms’ ₹30,188-crore IPO became India’s largest, drawing bids of ₹4.72 lakh crore and more than 13.8 million applications. (LiveMint Markets)
• Jio IPO becomes first public issue globally to cross 1 crore applications; record puts spotlight on depth of India’s retail investor base. Jio Platforms has achieved a remarkable milestone, garnering over one crore applications for its upcoming initial public offering. This surge signifies a burgeoning interest from India's retail investors in technology sectors. (Economic Times Markets)

Read more Shellz India SME shares to list today; GMP indicates 4% potential gain · Jio IPO closes today: Will it deliver a double-digit listing gain or become a long-term compounder? · Mother of all IPOs! Jio Platforms shatters many existing records - Full list here · Jio IPO becomes first public issue globally to cross 1 crore applications; record puts spotlight on depth of India’s retail investor base

Currency, commodities & rates

World

• Nasdaq CEO flags IPO slowdown amid market volatility. The IPO market is grappling with hurdles stemming from macroeconomic instability and fluctuating market conditions that are influencing corporate strategies. Numerous firms have either delayed or abandoned their public listing intentions lately. (Economic Times Markets)
• Global Market: Anthropic presses ahead with November IPO as AI listings face delays. Anthropic is preparing for a potential mid-November IPO despite market volatility, rising interest rates and concerns over AI spending. (Economic Times Markets)
• ITBP chief confirms Chinese incursions in Arunachal amid rising frontier tensions. Addressing troops at an investiture ceremony ahead of the force’s 65th Raising Day on October 24, ITBP Director General Shatrujeet Kapur outlined major operational upgrades aimed at countering China, whom he identified as India’s "biggest adversary." (Business Today Mkts)
• 'Told Them You Will Not Trade With US': Trump Repeats Claim Tariff Threats Ended India-Pakistan Conflict. Trump has often placed the India-Pakistan episode within a broader boast that he has stopped 'eight wars' during his presidency. (NDTV Profit)

Read more Nasdaq CEO flags IPO slowdown amid market volatility · Global Market: Anthropic presses ahead with November IPO as AI listings face delays · ITBP chief confirms Chinese incursions in Arunachal amid rising frontier tensions · 'Told Them You Will Not Trade With US': Trump Repeats Claim Tariff Threats Ended India-Pakistan Conflict

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