From mint · Sharmila Bhadoria · · 1m 10s
Stock Market Week: Top 7 Factors
Indian markets surge as Jio IPO, crude volatility and Q2 results drive weekly gains.
In brief
Indian markets surge as Jio IPO, crude volatility and Q2 results drive weekly gains. Nifty and Sensex rose over 2.4% this week with Jio Platforms IPO, crude oil price swings, and Q2 earnings results as key drivers. Originally reported by mint.
Weekly Market Gains
Nifty 50 and Sensex rose more than 2.4% this week, marking their strongest weekly gains since April.
Q2 Results Next Week
Key companies including Infosys, Swiggy, and Adani Group will release Q2 results next week.
Jio Platforms IPO
Jio Platforms IPO opens for subscription on October 21 with a price band of ₹1,065 to ₹1,119 per share.
FII Selling Trends
FIIs reduced selling from ₹302.94bn to ₹89.91bn this week with net buying of ₹11.66bn on Friday.
Rupee Surge
Indian rupee rose nearly 2% this week, closing at ₹94.96 per dollar.
Brent Crude Volatility
Brent crude prices surged toward $110 a barrel amid tight supply and strong shipping demand.
Dussehra Trading Holiday
Nifty and Sensex will close on Tuesday, October 20 due to Dussehra holiday.
Here's the gist
Nifty and Sensex rose over 2.4% this week with Jio Platforms IPO, crude oil price swings, and Q2 earnings results as key drivers.
