Overview
- Benchmark indices snapped a two-week slide, with the Sensex up 1,346.5 points (1.62%) to 84,562.78 and the Nifty up 417.75 points (1.64%) to 25,910.05 for the week.
- Coverage credits the rebound to the U.S. government shutdown resolution, stronger-than-expected Q2 earnings and record-low October CPI that reinforced expectations of an RBI rate cut.
- Eight of the 10 most valuable listed companies increased their combined market value by Rs 2,05,185.08 crore over the week.
- Bharti Airtel posted the largest gain at Rs 55,652.54 crore in market cap, followed by Reliance Industries at Rs 54,941.84 crore.
- Other gainers included TCS (+Rs 40,757.75 crore), ICICI Bank (+Rs 20,834.35 crore), SBI (+Rs 10,522.9 crore), Infosys (+Rs 10,448.32 crore), HDFC Bank (+Rs 9,149.13 crore) and HUL (+Rs 2,878.25 crore), while Bajaj Finance (-Rs 30,147.94 crore) and LIC (-Rs 9,266.12 crore) declined.