Nifty 50 recovers weekly losses as traders eye range-bound week ahead
The Nifty 50 gained 2.59% over the week and the Sensex rose 1.6%. Analysts expect choppy trading as oil prices and US-Iran tensions weigh on sentiment.
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what happened
India's Nifty 50 and Sensex reversed the previous week's losses and finished the week higher. Pharmaceutical and IT shares lifted sentiment ahead of the Diwali holiday. For the week, the Nifty 50 climbed 2.59% and the BSE Sensex advanced 1.6%, according to Moody's.
Analysts expect the Indian market to move within a range during the week of November 2 to 6. Crude oil volatility, the US midterm elections and tensions between Washington and Tehran are seen driving sentiment. Siddhartha Khemka of Motilal Oswal said uncertainty over a possible escalation between the US and Iran is likely to keep investors cautious.
Brent rose above $117 a barrel on Friday, moving close to its four-year high of $116.72, recorded on October 23. The Nifty 50 closed at 23,053.10 points and the Sensex ended at 74,459.53 points.
why it matters
Oil holding near multi-year highs matters for markets. Expensive crude raises costs for a major importer like India and can weigh on its equities. Geopolitical risk adds to the caution, so traders are likely to stay careful ahead of the US elections on Tuesday.
market impact
Indian stocks: range-bound trade, with sentiment shaped by Brent oil and US-Iran risks
tags
instruments
sources
- Stock market prediction Nov 2-6 week: Nifty, Sensex rebound from losses - Will bulls deliver a Diwali bonanza? Outlook — Moody's, 31 October 2026 at 18:18 UTC
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