Diwali Fireworks! Nifty surges over 8% in Nov 2-6 week, best in 6 yrs after US Midterm Election results; RIL soars 13%

Detailed summary

Indian stocks surged for a seventh consecutive session, with the Nifty gaining 8.58% for its strongest weekly rise in about six years. Foreign investor inflows, easing crude prices, a stronger rupee and solid earnings supported the rally, which added nearly ₹28 lakh crore to market value.

Stock Markets This Week: The Diwali festival arrived early on Dalal Street as Indian equities extended their winning streak to seven consecutive sessions, supported by US midterm election results, strong foreign institutional investor (FII) inflows, easing crude oil prices and robust Q2FY27 corporate earnings.

The rally helped the BSE Sensex and NSE Nifty50 clock one of their sharpest weekly gains in recent years. A global sell-off in AI-linked stocks and softening US bond yields further lifted investor sentiment ahead of Diwali 2026.

The Nifty50 surged 8.58% during the week, gaining nearly 1,978 points to reclaim the 25,000 mark. This was its biggest weekly percentage gain in about six years, since January 2021, and its largest-ever weekly advance in absolute terms. The Sensex rallied nearly 9% to close above 81,000.

The rally added nearly ₹28 lakh crore to investors' wealth, with the…

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