Author: Partha Halder

Dalal Street closed in the green for a second consecutive session on Friday, with the BSE Sensex advancing 308.49 points to 74,459.53 and the Nifty 50 rising 116.35 points to 23,053.10, sealing a near 2% weekly gain. Frontline strength was spearheaded by a 2.2% bounce in Nifty IT and earnings-led rallies in Trent and IndiGo, offsetting broad risk-off selling that sent smallcaps down 1.85% amid Brent crude spiking to $117.40 and rising expectations of a December US Federal Reserve rate hike.

Dalal Street staged a strong recovery on Thursday, snapping two sessions of declines as the BSE Sensex surged 905.01 points to 74,151.04 and the Nifty 50 advanced 237.90 points to 22,936.75. A global boost from the US Federal Reserve’s rate pause, coupled with crude oil easing toward $114 and fresh institutional accumulation, powered the rally. Realty, FMCG, and PSU banking stocks spearheaded the advance alongside heavyweights like Adani Ports, Power Grid, and Kotak Mahindra Bank, offsetting margin-related drops in auto counters like Hero MotoCorp

Indian benchmark equity indices closed lower for a second straight day on Wednesday, with the BSE Sensex dropping 352.64 points to 73,246.03 and the Nifty 50 down 50.90 points to 22,698.85. A morning slide of nearly 1,000 points on the Sensex—triggered by Brent crude rebounding above $115 following Houthi strike claims on Saudi Arabia’s Ras Tanura refinery—was partially offset by a 4% surge in Larsen & Toubro on record Q2 earnings and strong auto demand, even as tech stocks dragged.

Dalal Street finished virtually flat on Tuesday following Monday’s massive 1,100-point rebound, with the BSE Sensex closing at 73,598.67 and the Nifty 50 settling at 22,749.75. A 1.7% slide in frontline IT counters offset strong domestic momentum, but broader markets outperformed sharply as defence stocks rallied up to 9% on a ₹2.12 lakh crore DAC approval, while stellar earnings from Tata Consumer, Bajaj Auto, and Sona BLW lifted market sentiment despite Brent crude hovering near $116.

Dalal Street staged a V-shaped reversal on Monday, shaking off an early 600-point slide to close at the day’s high, with the BSE Sensex gaining 482.92 points to 73,606.75 and the Nifty 50 adding 153.20 points to 22,753.20. A short-covering rally across Pharma and Metals, a 2% pullback in Brent crude to $114, and FIIs snapping their 12-day selling streak powered the rebound, even as ongoing Houthi strikes on Saudi oil hubs and pre-Fed jitters kept macro volatility elevated.

Sensex fell 251 points as geopolitical tensions and surging oil prices weighed down Dalal Street.

Dalal Street staged an afternoon turnaround on Tuesday, with the BSE Sensex advancing 1,109.10 points to 73,033.78 and the Nifty 50 rallying 358.60 points to 22,721.95. A 5% surge across IT counters—sparked by HCLTech’s margin expansion and strong Q2 earnings beat—coupled with a strengthening rupee at 95.28 following the RBI’s specialized OMC dollar window and hints of a capital gains tax review, helped domestic equities decouple from a broader sell-off across Asian bourses.

Dalal Street reversed Friday’s gains on Monday as early momentum gave way to institutional selling, dragging the BSE Sensex down 547.65 points to 71,924.68 and the Nifty 50 lower by 157.10 points to 22,363.35. A spike in sovereign bond yields, persistent FII equity sales stretching into an eleventh session, and Brent crude hovering above $103 weighed on rate-sensitive FMCG and IT stocks, even as the rupee posted a 1% recovery to 95.77 following the RBI’s specialized foreign exchange window for state refiners.

Dalal Street roared back on Friday as benchmark indices reversed Thursday’s steep sell-off, with the BSE Sensex advancing 879.09 points to 72,472.33 and the Nifty 50 climbing 288.65 points to 22,520.45. A stellar Q2 FY27 earnings beat by TCS—anchored by $3.1 billion in annualized AI revenue—fueled a 3% surge in IT stocks, while a pullback in Brent crude to $103 following a pause in US military threats against Iran helped domestic bulls overpower relentless foreign institutional selling.

Dalal Street suffered a sharp sell-off on Thursday, with the BSE Sensex plunging 1,045.46 points to 71,593.24 and the Nifty 50 dropping 371.25 points to a fresh 52-week low of 22,179.90. Over ₹10 lakh crore in market capitalization was erased as the RBI’s shift to ‘calibrated tightening’, Brent crude surging past $104 amid Hormuz tanker attacks, and relentless foreign institutional selling pressured rate-sensitive sectors, even as IT stocks bucked the trend ahead of TCS earnings.