<p>The domestic equity benchmark indices gained significantly during the week amid <a href="https://www.mid-day.com/business/business-news/article/crude-oil-prices-decline-over-2-per-cent-to-usd-11404-per-barrel-amid-hopes-of-us-iran-deescalation-23657061" target="_blank" rel="none noopener">declining crude oil prices</a> and sustained foreign fund inflows. The market benchmark indices gained during all the trading days this week.</p>
<p>During the week, the Sensex gained 6568.49 points or 8.82 per cent, while the Nifty jumped 1977.25 points or 8.58 per cent.&nbsp;</p>
<p>"Benchmark indices witnessed one of their strongest weekly rallies ever, gaining more than 8.5 per cent on a weekly basis amid renewed foreign fund inflows, strong domestic earnings, and easing geopolitical tensions along with lower bond yields leading to a sharp decline in crude oil prices," Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking said.</p>
<p>On Friday, the 30-share BSE Sensex soared 1,718.01 points, or 2.17 per cent, to settle at 81,028.02. The 50-share NSE Nifty surged 493.75 points, or 2.01 per cent, to end at 25,030.35.</p>
<h2>Sector-wise performance</h2>
<p>"<a href="https://www.mid-day.com/business/stock-market/article/bank-stocks-rally-on-higher-fcnr-b-deposit-mobilisation-axis-bank-the-biggest-gainer-23648163" target="_blank" rel="none noopener">Private banks</a>, which had been under pressure in recent weeks amid margin concerns, led the rally, supported by renewed foreign investor interest. Autos and consumption-oriented sectors gained on festive demand, while IT and PSU banks remained relatively subdued," Vinod Nair Head of Research, Geojit Investments said.</p>
<p>Bank Nifty closing 8 per cent higher during the week, while broader markets relatively underperformed, with the Nifty Midcap 100 and Nifty Smallcap 100 ending higher by 5.8 per cent and 2.8 per cent, respectively, Mukherjee noted.</p>
<h2>FII flows</h2>
<p>"FIIs were aggressive net buyers of Rs 45,960 crore, purchasing in all five sessions and extending their buying streak to a second week after a ten-week selling run, with a single week of inflows more than recouping the Rs 45,162 crore they had sold across the whole of October," Mukherjee said.</p>
<p>On Friday, Foreign Institutional Investors (FIIs) were net buyers, purchasing equities worth Rs 13,749.82 crore. On Thursday, they bought equities worth Rs 14,974.68 crore, their largest single-day buying in over a year noted Siddhartha Khemka Head of Research, Wealth Management, Motilal Oswal Financial Services.</p>
<p><a href="https://www.mid-day.com/business/business-news/article/domestic-institutional-investors-net-investment-at-rs-85-lakh-crore-in-fy26-sebi-23643634" target="_blank" rel="none noopener">Domestic Institution Investors (DIIs)</a>, in contrast were net sellers offloading equities worth Rs 24,197 crore. They sold in all five sessions, snapping an eleven-week buying streak as they booked profits.</p>
<p>"Domestic institutions booked profits, but robust foreign inflows comfortably absorbed the selling pressure," Nair said.</p>
<h2>Market outlook</h2>
<p>Market participants will closely monitor Brent crude prices and developments surrounding US-Iran tensions for further cues.&nbsp;</p>
<p>According to Khemka, improving Q2FY27 earnings and healthy domestic demand continue to underpin the domestic outlook.</p>
<p>"At home, the CPI (inflation) print and the remaining Q2 results are the key triggers. The rally's durability hinges on breadth holding up and on de-escalation hopes turning into concrete progress in <a href="https://www.mid-day.com/news/world-news/article/iran-sends-nuclear-proposal-to-washington-via-qatar-23658893" target="_blank" rel="none noopener">West Asia</a>. After such a sharp run, intermittent profit booking cannot be ruled out, but the near-term bias stays constructive," Nair said.</p>

The Sensex added 6568.49 points or 8.82 per cent, while the Nifty climbed 1977.25 points or 8.58 per cent during the week

 Sensex, Nifty gain over 8.5 per cent during the week amid FII inflows

Muhurat Trading 2026: Stock exchanges to have special trading session on November 8

During the week, the Sensex gained 6568.49 points or 8.82 per cent, while the Nifty jumped 1977.25 points or 8.58 per cent

Market weekly wrap-up: Sensex, Nifty surge amid declining crude oil prices, FII inflows

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Home / Business / Stock Market / Article / Market weekly wrap-up: Sensex, Nifty surge amid declining crude oil prices, FII inflows