Echo Weekly: Markets Pause After Rally, Key Sectors Hold Ground

After Diwali, the market returned to life - slower, heavier, and cautious. Profit-taking set the tone early as traders unwound positions from prior rallies. Global cues remained mixed, with optimism around India–US trade talks balanced against global inflation worries and a cooling commodities cycle. Metals and telecom emerged as the few sectors showing strength.

Benchmark Index Moves

• Nifty 50: 25,795.15 (▲0.33%)
• Sensex: 83,952.19 (▲0.31%)
• Bank Nifty: 57,713.35 (0.14%)

Market Breadth: 2,841 gainers vs 2,380 losers

Top Weekly Gainers & Losers (Nifty 100)

Gainers:

• Adani Power (+6.58%)
• Shriram Finance (+6.39%)
• Hindalco Industries (+5.69%)
• Bajaj Holdings (+5.14%)
• Cholamandalam Investment & Finance (+3.93%)

Losers:

• Eternal (-6.11%)
• CG Power & Industrial (-4.83%)
• Shree Cements (-4.35%)
• Wipro (-4.27%)
• Hindustan Zinc (-3.95%)

Yearly Highs & Lows (Nifty 200)

52-week highs: MRF, Maruti Suzuki, Apollo Hospitals, Hero MotoCorp, Cummins, L&T, Titan, TVS Motor, Muthoot Finance, Grasim Industries, Bajaj Finserv, Bharti Airtel, Cholamandalam Investment & Finance, Cipla, One97 Communications, Nestle, Axis Bank, Tata Consumer, Fortis Healthcare, Bajaj Finance, Motilal Oswal, HDFC Bank, SBI, AU Small Finance Bank, Indian Bank, Hindalco Industries, Shriram Finance, Aditya Birla Capital, M&M Financial, Bank of Baroda, Federal Bank, Bank of India, Punjab National Bank, IDFC First Bank

52-week lows: NA

Sector Highlights

• Capital Markets: Nuvama Wealth, Nippon Life India AMC, and Aditya Birla Sun Life AMC gained on strong inflows.
• Power: Tata Power and Adani Power led early gains; momentum eased post-Diwali due to rising fuel costs and regulatory concerns.
• Telecom: Bharti Airtel and Tata Communications lifted the S&P BSE Telecom index on capacity expansion and stronger demand.
• Pharma: Sun Pharma and Cipla rallied ahead of export-driven earnings and regulatory relief.
• PSU Banks: SBI, Bank of Baroda, and Canara Bank saw profit-taking; Nifty PSU Bank index traded sideways.

Delivery-Volume Movers (Nifty 500)

Rising Volumes:

Tata Investment, Jyothy Labs, Indegene, Go Digit Insurance, Adani Energy, Tejas Networks

Falling Volumes:

Authum Investment, Akzo Nobel, Timken, Escorts Kubota, InterGlobe Aviation, Hero MotoCorp

Global Signals

• US: Mixed amid earnings and inflation data; tech rebounded while broader indices moderated.
• Europe: Cautious trading; defensive sectors outperformed, cyclical sectors under pressure.
• Asia: Mixed; Japan’s Nikkei advanced, China retreated on regulatory measures, regional trade tensions influenced sentiment.

Upcoming Events (25–31 Oct)

• 28-Oct: India Industrial Production
• 30-Oct: Core Sector Growth
• 31-Oct: GST Collections Data
• 31-Oct: India Foreign Exchange Reserves

By week’s end, the market exhaled, lighter but alert. Domestic flows offset foreign exits, key sectors retained strength, and momentum cooled while conviction remained intact. Earnings, trade talks, and global cues are expected to guide the next moves.

📌 This is not a stock recommendation. Please do your own research before investing. Investments are subject to market risks. Please read all relevant documents carefully before investing.