Overview

• Benchmark indices closed higher on Friday with the Sensex up 329 points to about 82,501 and the Nifty up 104 points to roughly 25,285.
• Gains were powered by a rebound in technology shares alongside strength in pharma and banking, with breadth improving across mid- and small-caps.
• Foreign institutional investors turned net buyers, bringing in approximately Rs 1,751 crore between Oct. 6–10, according to NSDL data.
• Key near-term catalysts include CPI on Oct. 13, WPI on Oct. 14, and US Fed Chair Jerome Powell’s Tuesday speech, with a packed earnings slate from major IT and large banks.
• External risk has risen after the US announced an additional 100% tariff on Chinese goods effective Nov. 1, a move that coincided with sharp US market declines and could spur volatility; technicals flag a potential cup-and-handle breakout as Nifty and Sensex logged weekly gains near 1.6% with TCS, Infosys, and HDFC Bank among top winners.