INDIAN MARKETS WEEKLY UPDATE | BULLS MAKE A STRONG COMEBACK!

Indian equity markets delivered their strongest weekly performance in nearly 6 months during the week ended 16 October 2026; with the Nifty 50 gaining approximately 2.8% and the Sensex rising around 3.1%. After facing sustained selling pressure and global uncertainty, the market witnessed a powerful recovery, led by renewed buying in heavyweight stocks. IT SECTOR EMERGES AS THE BIGGEST OUTPERFORMER The star performer was undoubtedly the IT sector. The Nifty IT index surged approximately 11.7% for the week, marking its strongest weekly gain in around 18 years. Better-than-expected quarterly earnings and improved commentary on AI-driven business opportunities helped revive investor confidence. Stocks such as TCS, Infosys, HCLTech and Tech Mahindra attracted strong buying interest, contributing significantly to the broader market recovery.