Market participants will closely track movements in crude oil prices, the rupee and bond yields, along with inflation data and other key macroeconomic indicators, for further directional cues.

In the week ended on Friday, 6 November 2026, the S&P BSE Sensex jumped 6,568.49 points or 8.82% to settle at 81,028.02. The Nifty 50 index rose 1,977.25 points or 8.58% to settle at 25,030.35. The BSE 150 Mid-Cap index gained 5.59% to close at 16,389.12. The BSE 250 Small-Cap added 4.06% to end at 6,823.26.

Weekly Index Movement:

The key equity benchmarks surged on Monday, extending their winning streak to a third consecutive session. The S&P BSE Sensex jumped 1,233.25 points or 1.66% to 75,692.78. The Nifty 50 index surged 387.70 points or 1.68% to 23,440.80. In the three consecutive trading sessions, the Sensex and the Nifty climbed 3.09% and 3.27%, respectively.

The key equity indices ended sharply higher on Tuesday, extending their winning streak to a fourth consecutive session. Easing crude oil prices and continued FII buying supported sentiment. The S&P BSE Sensex jumped 1,225.07 points, or 1.62%, to 76,917.85, while the Nifty 50 rose 370.05 points, or 1.58%, to 23,810.85. In four consecutive sessions, the Sensex gained 5.01%, while the Nifty 50 added 4.47%.

The key equity benchmarks ended higher on Wednesday, extending their winning streak to five consecutive sessions. Easing crude oil prices, renewed foreign portfolio investor (FPI) buying and a broader recovery in equities supported sentiment. The S&P BSE Sensex rose 383.55 points or 0.50% to 77,301.40. The Nifty 50 index rose 149.75 points or 0.63% to 23,960.60. In fifth consecutive session, Sensex and Nifty climbed 5.54% and 5.56%, respectively.

The key equity benchmarks ended sharply higher on Thursday, extending their winning streak to six consecutive sessions. Improving global cues, a sharp decline in crude oil prices and easing bond yields lifted investor sentiment. The S&P BSE Sensex jumped 2,008.61 points or 2.60% to 79,310.01. The Nifty 50 index rose 576 points or 2.40% to 24,536.60. In six consecutive sessions, the Sensex and Nifty climbed 8.28% and 8.1%, respectively.

The key equity benchmarks ended sharply higher on Friday, extending their winning streak to a seventh consecutive trading session, supported by sustained buying by foreign institutional investors (FIIs) and a strengthening rupee, which touched a six-month high. The S&P BSE Sensex jumped 1,718.01 points or 2.17% to 81,028.02. The Nifty 50 index rose 493.75 points or 2.01% to 25,030.35. in the seventh consecutive trading sessions, the Sensex and the Nifty jumped 10.62% and 10.27%, respectively.

Economy:

India's HSBC Services PMI rose to 55.8 in October 2026 from 55.2 in September, marking the fastest expansion in four months. However, the reading was below the flash estimate of 56.2. Growth was supported by stronger domestic demand, with new business and sales recording their fastest increases since June. In contrast, export order growth slowed to its weakest pace since February 2023. Employment growth also weakened, with hiring reaching its slowest pace in 10 months. Input cost inflation eased to its lowest level since August 2020, while output price inflation slowed to its weakest pace since June. Business confidence weakened from September and remained below its long-term average.

India's HSBC Composite PMI Output Index rose to 56.2 in October from 55.9 in September, marking the fastest expansion in private-sector activity since June. The reading was below the flash estimate of 56.7. Stronger services activity offset slower manufacturing output. New business orders increased at the fastest pace since June, while employment growth and business confidence moderated. Input cost inflation across the private sector eased to an 11-month low. Output price inflation also slowed to its weakest pace since February 2022, although price pressures remained more pronounced in manufacturing than in services.

Stocks in Spotlight:

Reliance Industries surged 13.28%. The company reported a 40.64% jump in consolidated net profit to Rs 25,548 crore in Q2 FY27 compared with Rs 18,165 crore in Q2 FY26. Gross revenue climbed 27.8% YoY to Rs 3,62,268 crore in Q2 FY27.

Jio Platforms fell 1.78%. The company reported a 13.69% increase in consolidated net profit to Rs 8,389 crore in Q2 FY27, compared with Rs 7,379 crore in Q2 FY26. Gross revenue climbed 11.33% YoY to Rs 47,485 crore in the quarter ended 30th September 2026. EBITDA increased by 16.6% Y-o-Y driven by revenue growth and operating leverage. EBITDA margin improved 250 bps to 54.1% in Q2 FY27 from 51.6% in Q2 FY26.

Multi Commodity Exchange of India (MCX) shares soared 10.71% after the company reported a 130.8% year-on-year increase in consolidated profit after tax to Rs 455 crore in Q2 FY27 from Rs 197 crore in Q2 FY26. Sequentially, net profit increased 10.1% from Rs 413 crore in Q1 FY27. Revenue from operations surged 113.9% year on year to Rs 800 crore in Q2 FY27 from Rs 374 crore. Sequentially, revenue increased 14% from Rs 702 crore in Q1 FY27.

Marico rallied 12.02%. The company’s consolidated net profit jumped 30.95% to Rs 550 crore in Q2 FY27 compared with Rs 420 crore in Q2 FY26. Revenue from operations climbed 12.96% YoY to Rs 3897 crore in the quarter ended 30th September 2026.

State Bank of India fell 0.49%. The company reported a 14.28% year-on-year increase in net profit to Rs 23,038 crore in Q2 FY27 from Rs 20,160 crore in Q2 FY26. Net interest income rose 14.69% year on year to Rs 49,143 crore from Rs 42,847 crore.

Global Market:

South Korea's current account surplus widened to a record $61.46 billion in September 2026 from $46.11 billion in August, according to Bank of Korea data.

Australia’s central bank raised its benchmark cash rate by 25 basis points to 4.85% on Tuesday, the highest level since November 2008. The move was in line with broader expectations and marked its fifth rate increase this year.

The Bank of England (BoE) raised its benchmark interest rate by 25 basis points to 4% on 5 November 2026, marking its first rate hike in more than three years. The central bank indicated that further policy tightening could be warranted if inflationary pressures persist

In US, manufacturing activity expanded at a faster pace in October. The Institute for Supply Management's manufacturing PMI rose to 55.5 from 54.5 in September, beating the market forecast of 54.5. The reading marked the 10th consecutive month of expansion in the manufacturing sector.

US Employment Cost Index increased 0.8% in the third quarter of 2026, matching market expectations but easing from 0.9% in the previous quarter. Civilian worker compensation costs rose 0.8% over the three months ended September, while wages and salaries increased 0.7% and benefit costs rose 0.9%. The data indicated a moderation in labour-cost growth. The Chicago PMI fell to 55.3 in October from 58.8 in September, below the market forecast of 56.1.

Investors assessed the outcome of the US midterm elections. Democrats secured control of both chambers of Congress, raising concerns over tighter regulation of artificial intelligence and its potential impact on investment in the sector. However, markets appeared to draw some relief from greater clarity on the election outcome.