After eight straight weeks of losses, the Nifty‑50 and Sensex closed higher, signalling a tentative pause in the downward trend.
Analysts say the market will remain volatile as investors weigh September CPI and WPI figures that could dictate RBI’s next move.
IT stocks led the rally, with TCS posting stronger‑than‑expected September quarter results that lifted the sector’s trajectory.
Brent crude is trading over $100 a barrel, and sustained FII outflows are adding pressure, while geopolitical tensions around the Strait of Hormuz keep energy supply risk high.
The next week will see the release of key corporate earnings, including HCL Technologies, Wipro and Tech Mahindra, and the CPI data on Tuesday, after which the market’s path will crystallize.