Indian Developments
ndian equity markets continued their upward momentum for the second consecutive week, supported by robust domestic demand during the festive season and firm global cues. Investor sentiment remained buoyant as moderation in U.S. inflation data raised expectations of a near-term Fed rate cut.
Foreign Institutional Investors (FIIs) remained net buyers for the week, with inflows of ?7,865 crores, extending the positive streak seen since early October. Domestic Institutional Investors (DIIs) also supported the rally with net inflows of ?2,412 crores.
The Nifty 50 and Sensex rose 1.4% and 1.2% respectively for the week, closing at record highs ahead of Diwali. Gains were led by metals, power, and auto sectors, while IT stocks witnessed mild profit booking after a strong run-up.
Mid- and small-cap indices outperformed the benchmarks, with the Nifty Midcap 150 and Nifty Small-cap 250 advancing 2.1% and 2.4% respectively.
Gold prices continued their festive rally, rising above ?1,29,828 per 10 grams, driven by safe-haven demand and a weaker dollar. Silver too surged past ?1,70,695 per kg, outperforming gold on a weekly basis.
Brent Crude prices remained steady at $85.7 per barrel, as geopolitical tensions in the Middle East were offset by rising U.S. inventories. The INR appreciated marginally to ?88.45 per USD, aided by robust forex reserves and sustained capital inflows.
Sectoral Developments
Strong momentum was seen across Power, Auto, and Metal sectors.
On the flip side, Nifty IT declined 0.8% as profit-taking emerged post-earnings announcements. Nifty FMCG also remained subdued as input cost pressures weighed on margins.
Global Developments
Global equity markets displayed a mixed trend.
Other Markets:
India VIX: Fell 3.5% to 11.2, reflecting lower market volatility
The U.S. 10-Year Treasury yield eased to 5.39%, while the Dollar Index weakened slightly, aiding emerging market currencies.
Source: www.nseindices.com; MCX Gold Prices; Economic times, Bloomberg.
Data for week ended on October 17 , 2025.
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