India's Nifty posts biggest weekly gain since 2021
Written by AI from weeklymarketrewind.substack.com's report. Not checked by a person.
The Nifty 50 jumped 8.58% in the week ended 6 November as foreign investors returned and crude oil prices eased. It was the index's strongest weekly performance since early February 2021.
India's benchmark Nifty 50 rose 8.58% in the week of 2–6 November, its biggest weekly gain since the week ended 1 February 2021, and closed at about 25,000. The Sensex gained 8.82% and Bank Nifty rose 8.04%. Foreign institutional investors put in about ₹45,960 crore during the week, following months of outflows, while domestic institutions sold roughly ₹18,228 crore over 2–5 November. Brent crude fell below $100 a barrel, easing worries about inflation and the import bill, and the rupee strengthened to ₹94.48 per dollar on 5 November. Strong Q2 FY27 earnings, especially in banking, financial services and autos, also supported buying. Titan's profit jumped 114%. Large caps led the advance: the Nifty Midcap 100 gained 5.77% and the Nifty Smallcap 100 rose 2.77%. Despite the rally, the Nifty is still down about 4.4% for 2026. Concerns remain over geopolitical tensions, oil volatility and possible further rate tightening, and sustained foreign inflows will be important for momentum.
