Sensex, Nifty log third straight weekly gain on ₹33,340 crore FII inflows
Synopsis
Key Takeaways
Indian equity benchmarks closed their third consecutive week in positive territory on 14 November, driven by a sustained surge in foreign institutional buying and resilient domestic fundamentals, even as fresh inflation concerns and geopolitical tensions in the Middle East capped upside.
Weekly and Friday Scorecard
The Nifty 50 advanced 0.46% over the week, settling at 25,144 after shedding 0.61% in Friday's session. The BSE Sensex closed Friday's trade 318.56 points or 0.39% lower at 81,592.45, yet still posted a weekly gain of 0.36%. Profit-booking in the final session dragged both benchmarks off their weekly highs.
Bank Nifty and Broader Markets Shine
The Bank Nifty was the standout performer, surging 3.7% across the week despite a 0.8% slip on Friday. Mid- and small-cap indices outpaced the benchmarks: the Nifty Midcap 100 climbed 1.56% while the Nifty Smallcap 100 advanced 3.15% during the week, signalling broad-based participation beyond large-caps.
FII Buying Streak and Rupee Pressure
Foreign Institutional Investors (FIIs) extended their buying streak to three consecutive weeks, following a prolonged ten-week selling phase. Net FII inflows for the week stood at a substantial ₹33,340 crore. Despite this capital influx, the Indian rupee weakened to around 94.20 against the US dollar, pressured by higher global bond yields that tightened financial conditions across emerging markets.
Oil Prices and Middle East Tensions Weigh
Crude oil prices firmed towards the end of the week, with WTI trading around $88–89 per barrel and Brent near $95–96. The renewed geopolitical flashpoints — including fresh attacks on Saudi energy infrastructure, threats to shipping through the Strait of Hormuz, and US President Donald Trump's remarks that Washington is not pursuing a deal with Iran — extinguished hopes of near-term de-escalation and kept energy markets on edge. Rising crude prices are closely watched in India as a key inflation transmission channel.
Key Technical Levels to Watch
According to market analysts, the immediate resistance for the Nifty 50 is pegged at 25,400–25,500, with critical support at 24,800. For Bank Nifty, resistance is placed at 61,300–61,500 and support in the 60,500–60,700 zone. Market participants are closely tracking the trajectory of US Treasury yields and the dollar index, as further strength in either could tighten financial conditions and redirect capital flows away from emerging markets like India.