Week Gone By - Fri 30 Oct 2026: Earnings-Led Rally Lifts Equities Despite Global Uncertainty

Tikona Capital • 1 day ago

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What This Video Is About

The video discusses the weekly market review, highlighting the rally in Indian equities despite global economic uncertainty and inflation concerns. The Sensex and Nifty50 advanced, with broader markets outperforming.

Major Ideas Discussed

  • Industrial activity showed signs of moderation, with industrial production growth slowing to 6.7% in September.
  • Fiscal deficit reached 7.15 lakh cr rupees during April to September, accounting for 42.1% of the full-year budget target.
  • Foreign exchange reserves declined by 1.2 billion to $719.74 billion.
  • The US Federal Reserve maintained its interest rate range at 3.8% to 4%, while US durable goods orders increased 1.8% in September.
  • Top gainers included Acutas Chemicals, Ather Energy, and Pyramal Pharma, while top losers included Car Tech, Eclect Services, and Dalmia Bharat.
  • NCDEX expanded beyond commodity trading with the launch of two equity indices, and Prism reduced its proposed IPO fresh issue by nearly 50%.

What to Watch Next

Markets will focus on domestic and global economic data, alongside the ongoing Q2 earnings season, with key events including the final HSBC manufacturing PMI, services PMI, US ISM data, China's manufacturing PMI, US job openings, Eurozone inflation, and US non-farm payrolls and consumer sentiment data.