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The spectacular recovery adds nearly Rs 20 lakh crore to the combined market capitalisation of BSE-listed companies, taking the total market value to about Rs 502 lakh crore.
Markets This Week.
Diwali celebrations appear to have started early for Dalal Street investors. Indian stock markets delivered an extraordinary rally this week, with the Nifty surging 8.58% in its biggest weekly gain since January 2021, when the benchmark had advanced around 9.5%. The spectacular recovery added nearly Rs 20 lakh crore to the combined market capitalisation of BSE-listed companies, taking the total market value to about Rs 502 lakh crore.
The rally gathered tremendous momentum towards the end of the week, with benchmark indices extending their winning streak to seven consecutive trading sessions. On Friday, November 6, the Sensex soared 1,718.01 points, or 2.17%, to close at 81,028.02, while the Nifty jumped 493.75 points, or 2.01%, to reclaim the psychologically important 25,000 mark at 25,030.35.
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The latest gains capped a remarkable turnaround for Indian equities. The Nifty had closed at 23,053.10 on October 30. It subsequently climbed 1,977.25 points to finish the week at 25,030.35, translating into a weekly gain of 8.58%.
The rally also marked a sharp improvement in investor sentiment after a period of weakness in domestic equities, with renewed foreign investor interest, easing crude oil prices and strong buying in banking and financial stocks providing significant support.
Rs 20 Lakh Crore Added To Investors’ Wealth
The scale of the recovery was reflected in the sharp increase in the market capitalisation of BSE-listed companies. The combined market value of companies listed on the BSE climbed to about Rs 502 lakh crore, following an addition of nearly Rs 20 lakh crore during the market recovery.
The increase highlights the magnitude of the wealth creation during the week, with heavyweight stocks accounting for a significant portion of the gains.
Seven-Day Winning Streak Powers Market Recovery
The benchmark indices extended their winning streak to seven consecutive sessions on Friday, with buying momentum strengthening towards the end of the week. The Nifty gained 576 points, or 2.40%, on Thursday to close at 24,536.60. It advanced another 493.75 points on Friday, crossing 25,000 for the first time in this latest recovery phase.
The Sensex also witnessed strong buying interest, jumping more than 2,700 points across Thursday and Friday.
The sustained buying has brought the benchmark indices significantly closer to their respective 52-week highs, signalling a powerful recovery from recent lows.
Banking Stocks, FPI Buying Drive Dalal Street Rally
Banking and financial services stocks emerged as the biggest drivers of the latest market surge. The Nifty Private Bank index jumped 3.22% on Friday, while the Nifty Financial Services index advanced 2.57%. The Nifty Bank gained 2.27%.
Among individual stocks, Mahindra & Mahindra surged 6.15%, ICICI Bank gained 4.65%, HDFC Bank rose 3.56%, Titan advanced 3.36% and Axis Bank climbed 3.19%.
Renewed foreign portfolio investor (FPI) interest also supported the rally, helping domestic equities recover after sustained selling pressure in previous months.
Global Technology Sell-Off Fails To Derail Indian Markets
The Indian market rally came even as global technology stocks faced selling pressure amid concerns over stretched artificial intelligence valuations and massive spending on AI infrastructure.
The resilience of Indian equities stood in sharp contrast to weakness in global technology markets. Domestic buying, improving foreign fund flows and easing crude oil prices helped Dalal Street outperform several global peers.
The Indian market’s resilience is particularly striking given the scale of the global sell-off. On Thursday, the Nasdaq Composite plunged 5.52%, while the S&P 500 declined 4.36% and the Dow Jones Industrial Average fell 3.44%. The sell-off wiped out nearly $3 trillion in S&P 500 market value.
In Asia on Friday, South Korea’s Kospi plunged as much as 8.8%, triggering a temporary trading halt, while Japan’s Nikkei 225 fell around 6%. Technology and semiconductor stocks were among the worst hit.
Concerns over stretched AI valuations, the enormous capital expenditure required for AI infrastructure and possible regulatory scrutiny following the US midterm election results triggered the global correction.
India, however, has benefited from its relatively limited exposure to the global AI hardware trade, alongside renewed foreign investor interest and improving sentiment around crude oil prices.
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Ask News18The Nifty surged by 8.58% during the week, marking its largest weekly gain since January 2021 when the benchmark advanced around 9.5%笑着.
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Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalis…Read More
November 06, 2026, 4:05 PM IST
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