From mint · A Ksheerasagar · · 1m 20s
Indian Stock Market Relief Rally
Indian stock market ends weekly losing streak after relief rally.
In brief
Indian stock market ends weekly losing streak after relief rally. Indian equities rebounded after a 25-year weekly losing streak ended with Nifty up 0.44% and Sensex up 0.78%. Originally reported by mint.
Indian stock market rebound
Indian equities ended the week higher after Friday’s rally helped the Nifty gain 0.44% and the Sensex 0.78%.
Financial and IT stocks led rebound
Financial and IT stocks led the rebound, while easing oil prices offered relief.
Nifty 50 gains 0.44%
The Nifty 50 closed Friday’s session 1.30% higher, recovering much of the previous day’s losses.
Sensex rises 0.78%
The Sensex ended the week 0.78% higher, supported by strong financial stock gains.
TCS results boost IT sector
TCS’ September-quarter results boosted sentiment across the IT sector, countering US labor certification concerns.
Crude oil prices drop
Brent crude prices fell below $103 a barrel after Trump signaled no imminent US military action against Iran.
Foreign investor outflows
Foreign investors offloaded ₹ 44,166 crore from Indian equities in October, surpassing September’s ₹ 35,861 crore outflows.
Analyst warnings
Analysts cautioned that foreign investor outflows and global risks could limit a sustained market recovery.
Market recovery outlook
Investors await domestic CPI data for interest-rate trajectory cues after RBI’s shift to calibrated tightening.
Here's the gist
Indian equities rebounded after a 25-year weekly losing streak ended with Nifty up 0.44% and Sensex up 0.78%.
