Market extends gains in fourth week, first time in 2025; FIIs turn buyers

The Indian markets started the new Samvat on a positive note, with benchmarks hitting a fresh 52-week high during the week and extending the weekly gains in the fourth consecutive week for the first time in 2025 amid hopes of an India-US trade deal, FIIs turning buyers and a decent set of Q2FY26 earnings.

For the week, the BSE Sensex index jumped 259.69 points or 0.30 percent to end at 84,211.88, and the Nifty50 rose 85.3 points or 0.33 percent to end at 25,795.15.

The BSE Large-cap Index ended with marginal gains. Vodafone Idea, Hindalco Industries, Shriram Finance, Infosys, Indus Towers, Cummins India gained 5-10 percent, while losers were Eternal, CG Power and Industrial Solutions, ICICI Bank, UltraTech Cement, Hyundai Motor India, Shree Cements, Adani Ports and Special Economic Zone, Hindustan Unilever.

BSE Mid-cap Index rose 0.5 percent, led by IDFC First Bank, Bank of India, AU Small Finance Bank, Federal Bank, Central Bank of India, Bandhan Bank, CRISIL, while losers were Ola Electric Mobility, Dixon Technologies, Dalmia Bharat, Muthoot Finance, Supreme Industries, Kaynes Technology India, Fortis Healthcare, and FSN E-Commerce Ventures.

The BSE Small-cap index added nearly 1 percent with Bhageria Industries, Mafatlal Industries, DCB Bank, Shipping Corporation of India, Rajratan Global Wire, Utkarsh Small Finance Bank rising between 21-36 percent, while losers were Stallion India Fluorochemicals, Gallantt Ispat, Indo Thai Securities, Uniparts India, Kellton Tech Solutions, Genesys International Corporation, Astec Lifesciences, and Tanla Platforms.

Among sectors, the Nifty IT index gained 3%, the PSU Bank added 2%, the Nifty Metal index gained 1.5%, the Nifty Media index up 1.3%, the Nifty Oil & Gas index up 1%, while the Nifty FMCG and Auto indices were down 0.5% each.

During the week, Reliance Industries added the most in terms of market value, followed by Tata Consultancy Services, Infosys and State Bank of India. On the other hand, ICICI Bank, Hindustan Unilever, and Eternal lost most of their market capitalization. (Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

The Foreign Institutional Investors (FIIs) turned net buyers for the week as they bought equities worth Rs 342.74 crore, while Domestic Institutional Investors (DIIs) continued their buying on the 27th week, as they purchased equities worth Rs 5945.31 crore.

The Indian rupee ended 12 paise higher at 87.85 per dollar on October 24 against the October 17 closing of 87.97. During the week, the Indian rupee traded in the range of 87.63-87.96.