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Indian Market
Weekly Business
Brief
Brief
9 OCTOBER 2026
1
Market Recap
Nifty 5022,520.45▲ +0.44%
Sensex72,472.33▲ +0.78%
Bank Nifty55,256.65▲ +1.48%
NSE and BSE were open for all five sessions this week, Monday to Friday, with no exchange holidays. Nifty 50 and Sensex ended the week higher, after eight consecutive weekly declines, according to exchange data. For the week, Nifty 50 gained 98.50 points (0.44%) to 22,520.45, Sensex gained 562.63 points (0.78%) to 72,472.33, and Bank Nifty gained about 1.48% to 55,256.65. Both indices declined on Wednesday and Thursday before gaining on Friday, when Nifty IT gained about 3% after TCS reported its September-quarter results.
Why it matters:
- The RBI raised its repo rate by 25 basis points to 5.50% during the week, and Brent crude traded between roughly $103 and $106 a barrel, according to market reports.
- Foreign institutional investors were net sellers of about ₹30,294 crore in the week while domestic institutional investors were net buyers of about ₹30,313 crore, according to exchange data.
2
RBI Raises Repo Rate by 25 Basis Points to 5.50%
The Reserve Bank of India raised its policy repo rate by 25 basis points to 5.50% on October 7, its first increase since February 2023, according to market reports. The central bank moved to a calibrated tightening stance and raised its inflation forecast to 5.2%, according to the policy announcement as reported. Nifty 50 recorded its 2026 low during Thursday’s session, according to market reports, before gaining on Friday.
Repo rate5.50%▲ +25 bps
Inflation forecast5.2%
Why it matters:
- The policy stance changed to calibrated tightening, according to the RBI’s announcement as reported by market media.
- The 10-year G-Sec yield was around 7.29% on October 7, according to market data.
3
TCS Reports Q2 FY27 Results; Nifty IT Gains About 3% on Friday
Tata Consultancy Services reported September-quarter (Q2 FY27) results, with revenue up 11.2% year on year and net profit up about 15%, according to the company’s results as reported. TCS shares gained about 4% on Friday and Nifty IT gained about 3%, according to exchange data. Market reports noted that IT companies said the immediate impact of recent US visa and labour-certification restrictions was limited.
Revenue (YoY)+11.2%
Net profit (YoY)~+15%
Why it matters:
- Nifty IT recorded the largest sectoral gain on Friday, according to exchange data reported.
- The US suspended eight IT firms, including Infosys and TCS, from a labour certification programme, according to market reports.
4
Sectors Diverge: FMCG and PSU Bank Gain; Realty and Metal Decline 3.7%
Sectoral indices moved in different directions this week, according to exchange data. Nifty FMCG gained about 2.5%, Nifty PSU Bank about 2.4%, Nifty Bank about 1.5% and Nifty IT about 1%. Nifty Realty and Nifty Metal each declined about 3.7%, while Auto, Defence and Pharma indices also declined. Among Nifty 50 constituents, Trent gained 13.1% and Adani Enterprises declined 6.5% for the week.
Nifty FMCG (wk)▲ +2.5%
Nifty Realty (wk)▼ −3.7%
Why it matters:
- Nifty Midcap 100 was little changed for the week and Nifty Smallcap 100 gained about 0.5%, according to exchange data.
- India VIX closed at 14.36 on Friday after declining 6% that session, according to market reports.
5
RBI to Sell Dollars to Oil Marketing Companies From October 12
The Reserve Bank of India will sell dollars to meet the full daily dollar requirements of Indian Oil, Hindustan Petroleum and Bharat Petroleum from Monday, October 12, until further notice, according to market reports. The measure was described in market reports as aimed at easing pressure on the rupee. The rupee closed at ₹96.73 per US dollar on Friday, according to market data.
Applies toIOC, HPCL, BPCL
Effective12 Oct 2026
Why it matters:
- The measure covers the full daily dollar requirement of three oil marketing companies, according to market reports.
- Market participants continue to monitor developments in the rupee and crude oil prices.
6
Brent Crude Between $103 and $106 a Barrel; US Yields Soften From Recent Highs
Brent crude peaked near $105.92 a barrel during the week on West Asia tensions and Gulf shipping concerns, and eased to around $103–$104 by Friday, according to market reports. US Treasury yields softened from recent highs on Friday, according to market reports. US President Donald Trump said he would not order renewed strikes on Iran before the November 3 midterm elections, according to market reports.
Brent (week peak)$105.92
Brent (Friday)~$103–$104
Why it matters:
- Brent’s decline on Friday coincided with gains in Indian equities, according to market commentary.
- Market commentary this week referred to rising global bond yields in the context of foreign portfolio flows.
7
Bond Market Update
India’s 10-year G-Sec yield was around 7.29% on October 9, compared with around 7.20% on October 1, a rise of about 9 basis points for the week, according to market data. Market reports cited elevated crude oil prices, the RBI’s policy action and a government bond auction of about ₹36,000 crore, including 15-year paper, in connection with yield movements.
10-yr G-Sec7.29%▲ rose (wk)
Why it matters:
- The benchmark 6.94% 2036 bond has risen for seven consecutive weeks, a cumulative 45 basis points, according to market data.
- The RBI raised its repo rate by 25 basis points to 5.50% during the week, according to market reports.
8
Commodities
Gold prices on MCX stood at around ₹151,300 per 10 grams, up by approximately ₹1,811, or about 1.2%, for the week, according to exchange data. Silver prices on MCX stood at around ₹224,859 per kilogram, down by approximately ₹881, or about 0.4%, for the week. On Friday, October 9, gold gained ₹1,690 and silver gained ₹3,626 on the day, according to the PTI report on MCX December futures.
Gold (10g)~₹151,300▲ ~+₹1,811 (wk)
Silver (kg)~₹224,859▼ −~₹881 (wk)
Why it matters:
- Gold posted a weekly gain and silver a marginal weekly decline on MCX, according to exchange data.
- Silver prices had been near two-month lows earlier in the week, according to market reports.
9
Currency Update
The Indian Rupee closed the week near ₹96.73 per US dollar, compared with around ₹96.32 the previous Friday, according to market data. The rupee weakened by approximately 41 paise over the week, according to the same data.
USD/INR₹96.73▼ −41 paise (wk)
Why it matters:
- The rupee weakened for the week even as the RBI raised its repo rate, according to market reports.
- Brent crude traded above $100 a barrel through the week, according to market reports.