Overview
- Benchmarks ended the week lower at 25,722 on the Nifty and 83,938 on the Sensex, down roughly 0.6% after October delivered the strongest monthly gains since March.
- Charts signaled fatigue with a weekly shooting star and a daily double-top, with Nifty support clustered at 25,500–25,300 and resistance near 26,100–26,150 as Bank Nifty cooled after a record 58,578.
- PSU banks led sector winners with a 4.7% weekly jump as Oil & Gas, Metals and Energy advanced, while profit-taking hit pharma, auto and private banks.
- Domestic institutions remained net buyers at Rs 18,804 crore for the week as foreign investors sold about Rs 2,102 crore, extending the divergence in flows.
- The US Fed cut rates by 25 bps but cautioned that another move in December is not assured, while traders eye Q2 results from major index firms, a busy IPO slate including Groww and Pine Labs, and progress on India–US/EU trade talks.