Stock market recap: Indian equities navigated a volatile week from 5 to 9 October, marked by alternating bouts of selling pressure and sharp recoveries. On 9 October, benchmarks staged a broad recovery, reversing most of Thursday’s losses. Short-covering in banking and IT stocks drove the advance, with Sensex climbing 806 points (1.13%) to 72,399.32 and Nifty surging 261 points (1.18%) to 22,493.15.
Indian equities navigated a volatile week from 5 to 9 October 2026, marked by alternating bouts of selling pressure and sharp recoveries. The Nifty 50 and Sensex struggled early in the week, extending their losing streak as global headwinds, persistent FII outflows, and weakness in metals and pharma weighed on sentiment.
Broader markets showed resilience, with midcaps and smallcaps outperforming, though market breadth remained weak, with more than 100 stocks hitting fresh 52-week lows.
Sectoral trends were mixed. Banking and media stocks provided support, while metals, pharma, and consumer durables dragged. IT stocks also faced pressure midweek, but selective strength emerged among counters such as Wipro and Tech Mahindra. Stock-specific action was vibrant: Arisinfra Solutions, Transrail Lighting, Power Mech Projects, and KSB rallied on fresh orders, while Ganesh Benzoplast and KPI Green Energy slipped despite corporate developments. The rupee offered some relief, strengthening modestly against the dollar.
The turning point came on Friday, 9 October, when benchmarks staged a broad recovery by midday, reversing most of Thursday’s losses. Short-covering in banking and IT stocks drove the advance, with Sensex climbing 806 points (1.13%) to 72,399.32 and Nifty surging 261 points (1.18%) to 22,493.15. The breadth of recovery was evident, with the Nifty’s advance-decline ratio at 46:4 and over 2,100 stocks advancing on the BSE. ITC led the rally, rising 4.33%, while TCS jumped 3.71% after reporting a strong quarterly profit and crossing $3.1 billion in AI-related revenue. Eicher Motors, Apollo Hospitals, and Adani Ports also posted notable gains.