Nifty, Sensex log strongest weekly gains in over a year on ₹45,960 crore FII inflows
Synopsis
Indian equities just delivered their best weekly performance in over a year — Nifty up 8.58%, Sensex up 8.82% — as ₹45,960 crore in FII inflows flooded in, crude oil collapsed over 12%, and the US midterm verdict stoked hopes of geopolitical de-escalation. India held firm even as a Wall Street AI rout wiped $3 trillion from S&P 500 valuations in a single session.
Key Takeaways
Nifty50 gained 8.58 per cent for the week, closing at 25,030 on 7 November 2026 — its strongest weekly gain in over a year.
BSE Sensex rose 8.82 per cent for the week, ending 1,718 points higher at 81,028 on Friday.
FIIs posted net inflows of approximately ₹45,960 crore , a sharp reversal from recent persistent selling.
Bank Nifty gained around 8 per cent ; Nifty Midcap100 added 5.77 per cent and Nifty Smallcap100 advanced 2.77 per cent .
WTI crude and Brent both fell more than 12 per cent over the week, easing to around $90 and $97–$98 per barrel respectively.
US CPI data and domestic India CPI print are the key near-term macro triggers to watch.
Indian equity benchmarks posted their strongest weekly gains in more than a year during the week ended 7 November 2026, with both the Nifty50 and the BSE Sensex surging over 8 per cent as a confluence of easing geopolitical concerns, robust domestic fundamentals, and a dramatic reversal in foreign investor flows fuelled a sweeping broad-market rally.
Weekly Scoreboard
The Nifty50 climbed 8.58 per cent over the week, adding 2 per cent on the final trading day alone to close at 25,030 — reclaiming the psychologically significant 25,000 mark after a seven-session winning streak. The BSE Sensex ended the week up 8.82 per cent, closing Friday's session 1,718 points higher at 81,028. Broad market indices tracked the benchmarks closely: the Nifty Midcap100 advanced 5.77 per cent and the Nifty Smallcap100 gained 2.77 per cent over the week.
FII Turnaround Powers the Rally
Foreign institutional investors (FIIs) recorded net inflows of approximately ₹45,960 crore during the week — a sharp turnaround from the persistent selling that had weighed on markets in recent months. The scale of the reversal was a primary catalyst, analysts said, signalling renewed confidence among global investors in Indian equities. Banking shares led the sectoral charge, with the Bank Nifty gaining around 8 per cent for the week. Financial services, private banks, realty, and consumer durables were among the top-performing sectors.
What Lit the Fuse
'Dalal Street lit up ahead of Diwali. Indian equities logged one of their best weekly gains with the Nifty reclaiming 25,000 on a seven-session winning streak,' one market analyst noted. Strong Q2 earnings, healthy October auto sales, and firm GST collections provided the domestic foundation, while the US midterm election verdict supplied the external spark — reviving hopes of de-escalation in the Iran conflict and a softer stance on tariffs, according to the analyst. Notably, Indian markets brushed off a sharp AI-driven sell-off on Wall Street, where the S&P 500 shed roughly $3 trillion in market value on Thursday, with the weakness spreading swiftly across technology-heavy markets in Asia. India's relative resilience reinforced its standing as a comparatively stable harbour for global capital.
Macro Tailwinds: Fed Pause and Crude Slide
Sentiment received additional support from the US Federal Reserve's decision to hold interest rates unchanged. Meanwhile, crude oil prices retreated sharply: WTI crude fell from above $104–$105 a barrel to around $90, while Brent eased to the $97–$98 range, with both benchmarks posting weekly declines of over 12 per cent. The drop in energy costs reduces import costs for India, one of the world's largest oil importers, and eases inflationary pressure on corporate margins and household budgets alike.
What to Watch Next
The rally's staying power will be tested in the coming days. US jobs data and next week's US CPI print will shape Federal Reserve rate expectations, with officials still signalling the possibility of further hikes. On the domestic front, investors are tracking the upcoming India CPI release and the remaining Q2 earnings results. Any hawkish surprise from US inflation data could temper FII appetite and test whether the week's sharp inflows mark a durable re-rating or a tactical bounce.
Point of View
Suggesting this was not just a large-cap FII trade but a broader re-rating of India risk. The ₹45,960 crore FII reversal in a single week is outsized even by historical standards and raises a valid question: is this structural re-entry or opportunistic positioning ahead of Diwali sentiment? The crude slide of over 12 per cent is doing heavy lifting here — it simultaneously improves India's current account, eases RBI's inflation calculus, and boosts consumer-facing sectors. The real test comes from US CPI next week: if inflation re-accelerates and the Fed turns hawkish again, the same FIIs who bought this week could reverse quickly. India's resilience during the Wall Street AI rout is encouraging, but one week does not break the correlation.
NationPress
7 Nov 2026
Frequently Asked Questions
Why did Nifty and Sensex record their best weekly gains in over a year?
The Nifty and Sensex posted their strongest weekly performance in over a year due to a combination of approximately ₹45,960 crore in net FII inflows, a sharp fall in crude oil prices of over 12 per cent, the US Federal Reserve holding interest rates steady, and the US midterm election outcome raising hopes of geopolitical de-escalation. Strong Q2 corporate earnings and healthy GST collections added domestic support.
How much did FIIs invest in Indian equities this week?
Foreign institutional investors recorded net inflows of approximately ₹45,960 crore during the week ended 7 November 2026, marking a significant reversal from the sustained selling that had characterised recent months. This was one of the largest weekly FII inflow figures in recent memory.
Which sectors led the market rally?
Banking shares were the top performers, with the Bank Nifty gaining about 8 per cent for the week. Financial services, private banks, realty, and consumer durables also ranked among the best-performing sectors during this rally.
How did Indian markets react to the Wall Street sell-off?
Indian markets largely shrugged off the sharp AI-driven Wall Street sell-off that erased roughly $3 trillion in S&P 500 market value on Thursday and triggered steep losses in technology-heavy Asian markets. India's relative resilience reinforced its appeal as a comparatively stable destination for global capital.
What are the key macro events that could affect markets next week?
Investors are closely watching the upcoming US CPI inflation print and US jobs data, which will shape Federal Reserve rate expectations — officials have continued to signal the possibility of further rate hikes. On the domestic side, the India CPI release and remaining Q2 corporate earnings results are the key triggers.
