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: 94.94, rupee weaker by 0.24% 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

• 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)
• FIIs dump Indian stocks for 10th straight week as markets slide: Is the worst over or more pain ahead?. The Nifty 50 declined in all four sessions of the holiday-shortened week, hitting an intraweek low of 22,372 on Friday before closing 2.4% lower at 22,600. (Economic Times Markets)
• Small and midcap indices post worst weekly decline in two years. Mid-cap and small-cap stocks in India have faced major declines, indicating a shift in market sentiment. The Nifty MidCap 150 and Small-cap 250 indices reported their worst weekly falls in two years. (ET Stocks)

Read more 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% · FIIs dump Indian stocks for 10th straight week as markets slide: Is the worst over or more pain ahead? · Small and midcap indices post worst weekly decline in two years

Economy & policy

Economy and policy

• 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)
• 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)
• 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 orders Avadhut Sathe Trading Academy and its founder to refund ₹546 cr · Sebi bars Avadhut Sathe, academy from markets, imposes ₹11.5 crore penalty · 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)
• BPCL Q2 net profit falls 21.5% to ₹4,863 crore on weak marketing margins. BPCL's Q2 FY27 net profit fell 21.5% YoY to ₹4,863 crore as weak marketing margins weighed on earnings, even as revenue rose 30% and refinery throughput increased 6% (BS Companies)
• 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)
• Adani Power Q2FY27 results: Net profit rises 142% to ₹7,019 crore. Adani Power on Friday posted about a 142 per cent jump in its net profit to Rs 7,019.32 crore in the September quarter of FY27, citing higher revenue and one-time income. Profit after tax stood at Rs 2,906.46 crore in Q2 FY26, the company said in a statement. (BS Companies)

Read more Why are mid, small-caps bleeding? Indices crash up to 4% - Swiggy, Meesho, Vedanta Aluminium, MCX lose big · BPCL Q2 net profit falls 21.5% to ₹4,863 crore on weak marketing margins · Shriram Finance Q2 Results: Profit Jumps 59% To Rs 3,677 Crore, Dividend Declared | Check Record Date · Adani Power Q2FY27 results: Net profit rises 142% to ₹7,019 crore

Companies

New issues

• Reliance Jio IPO listing on Oct 28: Will Mukesh Ambani's firm be in top 5 m-cap? RIL to hold top spot. Jio Platforms’ IPO was subscribed 22.19 times, with allotment expected on October 26. (LiveMint Markets)
• Reliance Jio Platforms IPO allotment status check online by PAN number on NSE India, BSE websites: Direct link, steps. Investors awaiting Reliance Jio Platforms IPO allotment results, expected on October 26, 2026, can check through BSE, NSE or registrar KFin Technologies using their application number, PAN or demat details. (LiveMint Markets)
• Anthropic IPO: What should investors consider when valuing the AI company? Aswath Damodaran explains. Anthropic is on track for an IPO expected in mid-November, reporting impressive revenues of $16.3 billion. However, the company faces a staggering net loss of over $80 billion for the year. (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)

Read more Reliance Jio IPO listing on Oct 28: Will Mukesh Ambani's firm be in top 5 m-cap? RIL to hold top spot · Reliance Jio Platforms IPO allotment status check online by PAN number on NSE India, BSE websites: Direct link, steps · Anthropic IPO: What should investors consider when valuing the AI company? Aswath Damodaran explains · Mother of all IPOs! Jio Platforms shatters many existing records - Full list here

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)
• Iran's Ghalibaf To Give BRICS Parliamentary Forum In Delhi A Miss Due To Unforeseen Circumstances. Tehran nevertheless sought to underline that the speaker's absence would not mean Iran was stepping back from the forum. (NDTV Profit)
• Why Jeep Is Looking To China For Its Next SUVs In India. Stellantis and Dongfeng plan to produce two Jeep off-road models in Wuhan from 2027, although India has not been confirmed as a destination. (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 · Iran's Ghalibaf To Give BRICS Parliamentary Forum In Delhi A Miss Due To Unforeseen Circumstances · Why Jeep Is Looking To China For Its Next SUVs In India

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