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Markets Pause After Festive Rally, Metals Shine Amid Global Uncertainty | BNP Paribas Mutual Fund

Markets Pause After Festive Rally, Metals Shine Amid Global Uncertainty

Indian Developments

Indian equity markets ended the week on a soft note, snapping a six-day winning streak as investors booked profits after benchmarks hovered near record highs. The rally earlier in the week was fuelled by optimism over easing global trade tensions and festive demand, but sentiment turned cautious amid mixed global cues and uncertainty around a potential US-India trade deal.

Sensex closed at 84,211.88, down 0.41% on Friday, while Nifty 50 ended at 25,795.15, down 0.37%. For the week, both indices gained ~0.3%, marking the fourth consecutive week of gains.

Midcap and Small cap indices slipped around 0.2%, reflecting mild profit booking. India VIX remained subdued, signalling continued bullish undertone despite Friday’s correction.

FIIs were net buyers earlier in the week but activity moderated toward the end. DIIs continued to support markets with steady inflows.

INR traded near ?87.82 per USD, showing stability despite global currency volatility. Brent Crude Oil surged to $65.99 per barrel, up 5.38% on supply concerns.

Sectoral Developments

On sectoral front, mixed performances can be observed with Nifty Metal rose ~1%, supported by firm global commodity prices. Realty and Oil & Gas indices posted marginal gains.

FMCG, Private Banks, IT, and Healthcare declined between 0.5%–1%, weighed by profit booking and muted Q2 results.

Nifty Bank fell 0.7%, with Kotak Mahindra Bank, Axis Bank, and HDFC Bank among key laggards.

Global Developments

Global markets reflected mixed sentiment; US indices ended lower this week amid caution ahead of inflation data : Dow Jones: 46,613.81 (-0.70%) ; NASDAQ: 22,760.38 (-1.01%) ; S&P 500: 6,721.09 (-0.51%)

Europe: FTSE 100 and CAC 40 posted modest gains, while DAX slipped slightly.

Asia: Nikkei dropped 1.35%, Hang Seng gained 0.72%, Shanghai Composite inched up 0.22%

Other Markets:

  • Brent Crude oil prices closed at $65.99 per barrel.
  • The rupee ended the week at 87.82 against the US dollar
  • The 10 Year Benchmark G-Sec yield closed at 6.54% this week.
  • Gold prices closed at Rs 1,26,854 per 10 grams.

Source: www.nseindices.com; MCX Gold Prices; Economic times, Bloomberg.

Data for week ended on October 24 , 2025.

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