Will the Diwali rally extend further? Gift Nifty indicating a strong +225 pts gap-up open FIIs have covered nearly 50,000 short contracts over the last 3 sessions Strong Q2 earnings from Reliance, ICICI Bank & HDFC Bank RBL Bank–Emirates NBD deal announced Weekly expiry today Key Global Triggers to Watch Developments on US–China trade negotiations US stance on India–Russia oil trade Crude at $61 — 5-month low Wall Street Overnight Dow +0.5% | S&P 500 +0.5% | Nasdaq +0.5% Institutional Flows (Cash Market) FII: +₹309 Cr DII: +₹1,527 Cr FIIs in Index Futures Net Buy: ₹3,991 Cr Short positions: -16,058 contracts FII Long Exposure Trend Oct 14: 7% → Oct 15: 8% → Oct 16: 14% → Oct 17: 17% Index Check Bank Nifty at record high Distance from lifetime highs: Nifty: ~2% Reliance: ~11% Stocks to Watch RBL Bank Emirates NBD to acquire 60% stake at ₹280/share Stock currently in F&O ban

HDFCBANK

Operational beat vs Street expectations Reliance Industries Strong Q2 led by O2C and Retail divisions ICICI Bank Solid overall performance NIM compression lower than expected PAT beats estimates

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