Overview

• Sensex closed at 81,207 and Nifty at 24,894 for the week, while Bank Nifty jumped over 2% to finish above 55,500.
• Tata Consultancy Services will kick off Q2 earnings on October 9, with investors focused on guidance for deals, tech spending and hiring in a pressured IT sector.
• Key external cues include the Federal Reserve’s meeting minutes on October 8 and the 14th round of India–EU FTA negotiations in Brussels from October 6 to 10.
• India’s primary market is set for a heavy month with an IPO pipeline near Rs 45,000 crore, including the Tata Capital issue that reports indicate will open next week.
• Foreign investors were net sellers in September as domestic inflows supported prices, and technicians flag Nifty resistance near 25,050–25,100 with support around 24,600–24,550.