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

What happened: Indian equities rose for a seventh straight session, with the Nifty50 up 8.58% for the week and the Sensex up nearly 9%, helped by US midterm results, FII inflows, easing crude and Q2FY27 earnings. Key numbers: Nifty gained nearly 1,978 points to 25,030; Sensex closed at 81,028; market cap rose from ₹475.34 lakh crore to around ₹503 lakh Why it matters: The Nifty posted its biggest weekly percentage gain in about six years and largest ever in absolute terms. Analysts cited India as a relative safe harbour, while flagging that sustaining above 24,500 matters for momentum.

Indian equities rose for a seventh straight session, with the Nifty50 up 8.58% for the week and the Sensex up nearly 9%, helped by US midterm results, FII inflows, easing crude and Q2FY27 earnings.

The Nifty posted its biggest weekly percentage gain in about six years and largest ever in absolute terms. Analysts cited India as a relative safe harbour, while flagging that sustaining above 24,500 matters for momentum.