# Pulse of the Street: Eight-week slide ends, but oil and earnings test recovery

> Indian equities end eight-week slide but oil prices and earnings test recovery.
- Title: Pulse of the Street: Eight-week slide ends, but oil and…
- Summary: Indian equities end eight-week slide but oil prices and earnings test recovery. Indian equities broke an eight-week losing streak as Nifty rose 1.30% to…
- Keywords: nifty, sensex, nifty 50, crude oil, repo rate, rbi, monetary policy, earnings, oil prices, indian equities, market recovery, money
- Source: mint — https://livemint.com/market/pulse-of-the-street-eight-week-slide-ends-but-oil-and-earnings-test-recovery-11791551805305.html
- Author: Mayur Bhalerao
- Published: 2026-10-09T13:57:04+00:00
- Read time: 1 min
- Topics: nifty, sensex, nifty 50, crude oil, repo rate, rbi, monetary policy, earnings, oil prices, indian equities, market recovery, money
## Equities snap losing streak
Indian equities broke an eight-week losing streak as Nifty rose 1.30% to 22,520.45.
## Crude oil climbs above $100
Crude oil prices climbed above $100 a barrel as the central bank took a hawkish stance after a 25-basis-point rate hike.
## RBI raises repo rate
The Reserve Bank of India's monetary policy committee raised the repo rate by 25 basis points to 5.50% for FY27 growth forecast of 7.1%.
## Earnings test recovery
Tata Consultancy Services reported revenue of $7.64 billion but net profit fell 0.68% sequentially to $1.45 billion.
## Sectoral performance
BSE Telecommunication gained 3.7% while realty and metals fell a little over 4% during the week.
## Global market comparison
India outperformed peers but trailed stronger markets as Brazil's Ibovespa gained 7.3% and Japan's Nikkei 225 rose 1.1%.
## Market recovery conditions
A combination of falling crude, easing inflation and improving foreign flows would offer the clearest signal of sustainable recovery.
## Key takeaway

Indian equities broke an eight-week losing streak as Nifty rose 1.30% to 22,520.45, but elevated crude prices and tighter monetary policy leave rebound dependent on stronger earnings and easing global pressures.