Stock market this week with top 7 factors for Sensex, Nifty: Reliance Jio IPO, crude volatility, FII selling, Q2 results
Stock market this week: The Indian stock market saw a sharp rally last week as Nifty 50 and Sensex ended with more than 2.4% of weekly gains. With this, the benchmark indices recorded their biggest weekly gain since April this year. In the coming week, a host of incidents, including the Jio Platforms IPO, crude oil price volatility, corporate earnings, will define market sentiments.
As investors prepare for the coming week, let’s understand key incidents and factors that will impact the stock market mood between Monday, October 19 and Friday, October 23.
The second quarter earnings season has gained momentum with IT heavyweights announcing results largely in-line with estimates. The Indian stock market this week will be driven by lots of Q2 results specific movements.
Infosys, Eternal, Swiggy, Kotak Mahindra Bank, UltraTech Cement, Adani Energy, Adani Green Energy, Adani Total Gas, Adani Power, Tata Motors and HPCL are among key companies that are set to announce their earnings for the quarter ended September, 2026.
Apart from corporate earnings, Mukesh Ambani’s Reliance Industries Limited-backed Jio Platforms is set to make waves in India’s primary market. Jio IPO will open for subscription on Wednesday , October 21 and conclude on Friday, October 23.
Its anchor bidding is scheduled for Monday, October 19. Bound to become India's biggest ever IPO, Jio Platforms IPO, is a fresh issue of up to 27 crore shares with a face value of ₹10 each, with no offer-for-sale component. Jio IPO price band is fixed at ₹1,065 to ₹1,119 per share.
While cooling US Treasury yields and positive start to Q2 results reacted in favour of Nifty and Sensex, foreign institutional investors (FIIs) continued to remain net sellers for the ninth straight week.
However, selling eased sharply to ₹89.91bn from Rs. 302.94bn in the previous week, and FIIs turned net buyers of Rs. 11.66bn on Friday. Apart from reduction in FII selling, domestic institutional investors (DIIs) buying remain firm.
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