Author: Partha Halder
Dalal Street snapped its nine-session winning streak on Friday the 13th as benchmark indices succumbed to profit-booking, surging retail inflation, and a rebound in global crude oil prices. The BSE Sensex fell 318.56 points to settle at 81,592.45, while the Nifty 50 slipped 155.05 points to 25,144.30. With October CPI breaching the RBI’s 6% upper tolerance limit at 6.09% and Brent crude rising past $95 amid stalled US-Iran diplomacy, rate-sensitive realty, auto, and banking stocks led the decline.
Dalal Street stretched its winning run to nine straight sessions on Thursday, closing marginally higher in a volatile session. The BSE Sensex edged up 31.61 points to 81,911.01, while the Nifty 50 gained 44.30 points to finish at 25,299.35. Outperformance in midcap, smallcap, banking, and realty stocks—backed by over ₹60,600 crore in November FII buying and Brent crude easing near $91—cushioned the market against IT weakness and margin-driven dips in HAL and Tata Power.
Dalal Street resumed trading after Balipratipada with strong gains on Wednesday as benchmark indices rallied to eight-month peaks. The BSE Sensex rose 772.75 points to close at 81,879.40, while the Nifty 50 climbed 210.40 points to settle at 25,255.05. Broad-based buying across autos, PSU banks, and FMCG—led by M&M’s 5.3% jump—countered weakness in IT stocks as crude fell to $91 and monthly foreign institutional inflows crossed ₹53,700 crore.
Dalal Street demonstrated underlying strength on the first full trading day of Samvat 2083, recovering 600 points from early morning lows to settle at fresh eight-month peaks. The BSE Sensex closed 107.25 points higher at 81,106.65, while the Nifty 50 ended at 25,044.65. Despite weakness in IT and steel counters, aggressive buying in PSU banking majors led by SBI, stellar Q2 results from Divi’s Laboratories and PVR INOX, and sustained foreign institutional buying of over ₹38,900 crore this month anchored the rebound.
Dalal Street ushered in Samvat 2083 on an auspicious note as benchmark indices extended their winning streak to eight straight sessions during Sunday’s special Diwali Muhurat trading session. The BSE Sensex jumped over 400 points to touch an intra-day high of 81,442.11, while the Nifty 50 climbed past 25,130, propelled by strong retail participation in broader markets, over ₹38,971 crore in November FII inflows, softening crude prices, and blockbuster Q2 earnings led by Bharti Airtel, Titan, and ONGC.
Dalal Street celebrated an early Diwali on Friday as benchmark indices sealed a seven-session winning streak—their first in three years—defying a global tech rout triggered by the steepest Nasdaq fall in 19 months. The BSE Sensex rallied 1,718.02 points to close at peak at 81,028.02, while the Nifty 50 surged 493.75 points to reclaim 25,030.35. The weekly rally generated ₹28 lakh crore in investor wealth, supported by ₹14,974 crore in single-day FII inflows, crude oil’s steepest weekly fall since 2020, and blockbuster Q2 earnings from Bharti Airtel, Titan, and ONGC.
Dalal Street staged its biggest single-day surge in months on Thursday, with the BSE Sensex soaring 2,008.61 points to 79,310.01 and the Nifty 50 vaulting 576.00 points to 24,536.60 to seal a six-session winning run. The explosive rally added nearly ₹8 lakh crore to investor wealth, catalyzed by an 8.7% crash in Brent crude below $94 following the US midterm ‘Blue Wave’, record single-day FII purchases of ₹7,284 crore, and blockbuster Q2 earnings led by M&M, BSE Ltd, and Nykaa.
Dalal Street stretched its winning run to five consecutive sessions on Wednesday, overcoming early volatility and global cues from the US midterm elections as the BSE Sensex rose 383.55 points to 77,301.40 and the Nifty 50 ended at its day’s high of 23,960.60. Sustained foreign institutional buying of over ₹6,837 crore, Brent crude hovering near four-week lows at $103, and stellar corporate earnings led by SBI and NSE’s maiden post-listing results powered gains across media, banking, and auto, offsetting a 2% decline in IT stocks.
Dalal Street continued its unstoppable momentum on Tuesday as benchmark indices closed at the day’s high for the fourth straight session, lifting the BSE Sensex by 1,225.07 points to 76,917.85 and the Nifty 50 by 370.05 points to 23,810.85. The three-day 2,800-point surge was propelled by crude oil plunging nearly 8% to $104.77 on West Asia de-escalation hopes, heavy FII buying, and blockbuster Q2 corporate earnings led by GAIL’s doubling profits and Bank of Baroda’s record ₹6,532 crore net profit.
Indian benchmark equity indices registered their best single-day performance in over nine months on Monday, with the BSE Sensex leaping 1,233.25 points to 75,692.78 and the Nifty 50 surging 387.70 points to 23,440.80. The massive rally was powered by Reliance Industries jumping over 7% on record quarterly earnings and an O2C boom, while a 3.7% drop in Brent crude to $109 following diplomatic talks in Doha and strong FII inflows sparked a broad-based buying wave across all sectoral indices.