# Diwali 2025 to Diwali 2026: Market Shifts

> Indian equities and rupee weaken as crude oil surges in Diwali year comparison.
- Title: Diwali 2025 to Diwali 2026: Market Shifts · mint | Shortify
- Summary: Indian equities and rupee weaken as crude oil surges in Diwali year comparison. Nifty 50 fell 2.59% and Sensex dropped 3.35% from Diwali 2025 to Diwali 2026…
- Keywords: nifty 50, sensex, rupee, crude oil, diwali 2025, diwali 2026, samvat 2082, fii, ltcg, geopolitical risk, brent crude, us iran conflict
- Source: mint — https://livemint.com/market/stock-market-news/from-diwali-2025-to-diwali-2026-how-sensex-nifty-50-rupee-crude-oil-changed-in-samvat-2082-what-lies-ahead-11794043761591.html
- Author: Dhanya Nagasundaram
- Published: 2026-11-07T11:18:52+00:00
- Read time: 1 min
- Topics: nifty 50, sensex, rupee, crude oil, diwali 2025, diwali 2026, samvat 2082, fii, ltcg, geopolitical risk, brent crude, us iran conflict
## Market Overview
Indian equities lagged global benchmarks as Nifty 50 declined 2.59% and Sensex fell 3.35% between Diwali 2025 and Diwali 2026.
## Sectoral Performance
Pharma and metal stocks led gains with Nifty Pharma rising 24.77% while FMCG, IT and realty stocks weighed on the market.
## Commodities Rally
Crude oil surged 54.11% and copper gained 33.56% while gold and silver advanced 2.25% and 8.16% respectively.
## Rupee Depreciation
Indian rupee depreciated around 7.1% against US dollar from ₹87.90 to ₹94.14.
## Key Catalysts
Five potential catalysts could drive Indian equity market resurgence including India-US trade deal and Iran diplomatic resolution.
## Nifty 50 Technicals
Nifty 50 extended seven consecutive sessions gains with 8.58% weekly rise and key resistance at 25,500.
## Sensex Technicals
Sensex closed higher at 81,028 after moving above 20-day, 50-day, 100-day and 200-day EMAs.
## Rupee Technicals
USD/INR pair declined 1.1% to settle near 93.89 with immediate resistance at 94.40, 94.50.
## Crude Oil Technicals
MCX crude oil plunged 15% to ₹8,459 with support at ₹8,400 and resistance at ₹8,500.
## Geopolitical Impact
US midterm elections triggered geopolitical risk concerns affecting crude oil prices and Indian markets.
## Market Outlook
Sustained crude oil price moderation and FII buying could support equity market momentum through Diwali Muhurat Trading.
## Rupee Stabilisation
RBI absorbed ₹25,000 crore through reverse repo auction to replenish foreign exchange reserves.
## LTCG Relief
Potential LTCG taxation rationalisation could strengthen investor confidence and encourage foreign fund inflows.
## Event Date
Diwali Muhurat Trading session scheduled for Sunday, 8 November 2026.
## Market Risks
Elevated RSI levels and profit-taking could trigger consolidation and short-term corrections.
## Key takeaway

Nifty 50 fell 2.59% and Sensex dropped 3.35% from Diwali 2025 to Diwali 2026 while crude oil rose 54.11%.