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Issue #7 · Saturday, 7 November 2026
Your Saturday market roundup from Aniruddha Samdani Finserv
Week of 2 – 6 November 2026 · AMFI-registered Mutual Fund Distributor · ARN-66087
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Hello,
What a week to celebrate Dhanteras. Indian shares rose on all five days: the Nifty gained 8.6% and closed above 25,000, with foreign investors back as big buyers and crude oil falling below $100 a barrel.
In the US, it was the opposite story: technology shares had their worst day in well over a year on Thursday. That contrast is the theme of this week's "Learn one thing", on why it helps to own things that don't all move together. Let's get into it.
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Number of the week
₹14,975 crore
of Indian shares bought (net) by foreign investors on a single day, Thursday 5 November, which HDFC Sky described as their biggest one-day purchase in nearly six years. In October as a whole they had been net sellers.
Source: provisional exchange data (cash market), via 5paisa, Quantsapp and PTI.
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This week at a glance
Nifty 50
25,030.35
▲ 8.58% this week
Sensex
81,028.02
▲ 8.82% this week
FIIs, Mon–Thu
+₹32,210 cr
Net bought (prov.)
US 10-yr yield
4.84%
Thu, 5 Nov
Brent crude
$97–100
Fri afternoon · per barrel
USD / INR
93.89
Fri, prov. · rupee ▲ ₹1.04 |
Index closes as of Friday, 6 Nov. FII figure: net buying in the cash market, Monday to Thursday, provisional exchange data (Friday's figure was not out when we finalised this issue). US yield as of Thursday, 5 Nov. Brent: Friday afternoon, India time (quotes ranged from about $97.6 to $100.3 during the afternoon). Rupee: provisional close, ₹1.04 stronger than a week earlier (94.93). Sources: NSE/BSE via HDFC Sky, Kotak Neo, Oquilia, ETV Bharat; 5paisa; Quantsapp; CappNotes; PTI.
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① The week in 60 seconds
| Indicator |
30 Oct |
6 Nov |
Week |
| Nifty 50 |
23,053.10 |
25,030.35 |
+1,977.25 (+8.58%) |
| BSE Sensex |
74,459.53 |
81,028.02 |
+6,568.49 (+8.82%) |
Closing values, five trading days. Sources: NSE, BSE, as reported by HDFC Sky, Kotak Neo, DD News, Business Standard, Oquilia and ETV Bharat; the daily changes add up to the weekly change.
Nifty 50, daily change (%)
| Mon 2 |
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+1.68% |
| Oil and gas shares jumped about 6% as crude fell; foreign investors bought ₹3,115 crore | | Tue 3 |
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+1.58% |
| Good quarterly results lifted the market; the FMCG index rose more than 3% | | Wed 4 |
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+0.63% |
| US midterm results came in; IT shares fell 1.5% while small caps rose 2% | | Thu 5 |
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+2.40% |
| Brent fell about 9% the day before; Sensex up 2,009 points, auto shares up about 4% | | Fri 6 |
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+2.01% |
| Dhanteras: private banks led (+3.2%) despite a big fall on Wall Street; small caps slipped 0.8% |
Green = up day (bar to the right). No down days this week. Thursday was the strongest day (Sensex +2,008.61) and Wednesday the quietest (Sensex +383.55).
▲▲▲▲▲▲▲
Seven up days in a row. Counting last Thursday and Friday, the Nifty has now risen for seven straight sessions. This week's gain of 1,977 points is more than four times last week's 453. Mid and small caps rose too, but less: from Monday to Thursday the Nifty Midcap 100 gained 5.8% and the Smallcap 100 3.6%, against 6.4% for the Nifty 50. |
Global markets & metals
| Indicator |
Previous |
Latest |
Week |
Nasdaq 100
US$ · Thu 29 Oct → Thu 5 Nov |
29,402.51 |
26,629.81 |
−2,772.70 (−9.43%) |
S&P 500
US$ · Thu 29 Oct → Thu 5 Nov |
7,720.39 |
7,353.73 |
−366.66 (−4.75%) |
Gold
₹ per 10 g · IBJA 999 · Fri 30 Oct → Fri 6 Nov |
₹1,40,891 |
₹1,41,023 |
+₹132 (+0.09%) |
Silver
₹ per kg · IBJA 999 · Fri 30 Oct → Fri 6 Nov |
₹1,83,800 |
₹1,81,863 |
−₹1,937 (−1.05%) |
US indices: week to Thursday's close, in US dollars. For an Indian investor, the rupee's move against the dollar also affects returns. Gold and silver: IBJA 999 rates, AM session, Friday vs Friday (rates exclude GST and making charges). Sources: CappNotes, MarketSpeaker, Yahoo Finance (Nasdaq 100); CappNotes, BBN Times, Trefis (S&P 500); IBJA rates via The United Indian and Oneindia, cross-checked with MCX futures via Kotak Neo (metals).
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② 3 things that moved markets
1. US midterms, and money moving away from AI shares
The Democrats won control of both houses of the US Congress in Tuesday's midterm elections. Markets read this as a sign of more checks on US policy, and some hoped it could help a diplomatic end to the US–Iran conflict. Worries that data-centre building in the US could face tighter rules hit AI and chip shares hard: on Thursday the Nasdaq 100 fell 6.36% and the S&P 500 4.36%, its worst day since April 2025. Indian markets, which have few AI-linked companies, moved the other way: the Sensex rose 2,009 points on Thursday and another 1,718 on Friday. Strong quarterly results from many Indian companies also helped. The US 10-year Treasury yield eased to 4.84% on Thursday.
2. Oil fell below $100; the rupee and bonds rallied
Brent crude, which was about $113–114 a barrel a week ago, slid through the week and fell nearly 9% on Wednesday to about $96, a two-month low, on hopes of a settlement in the Middle East. It was around $97–100 on Friday afternoon. Cheaper oil matters to India, which imports most of its crude: it eases worries about inflation and the import bill. The rupee gained for six sessions in a row and closed at a provisional 93.89 per dollar on Friday, ₹1.04 stronger than a week earlier. The 10-year government bond yield fell to 7.17% on Thursday, its lowest since late September and about a quarter of a percentage point lower than at the end of October.
3. Foreign investors came back in force
After net selling of about ₹45,162 crore in October, foreign investors bought a net ₹32,210 crore of Indian shares from Monday to Thursday, buying on every day and more each day, ending with ₹14,975 crore on Thursday (provisional exchange data). Domestic institutions, which had bought about ₹62,220 crore in October, were net sellers this week, at ₹18,228 crore over the same four days. Friday's figures were not out when we finalised this issue. The latest AMFI data, for September, show monthly SIP contributions at a record ₹32,490 crore; October's figures are due later this month.
| Foreign investors bought (2–5 November 2026, 4 sessions, provisional) |
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+₹32,210 cr |
| Domestic institutions sold (2–5 November 2026, 4 sessions, provisional) |
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−₹18,228 cr |
| Monthly SIP contributions (September 2026, latest AMFI data) |
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+₹32,490 cr |
Different periods, shown side by side for scale. SIP does not guarantee a profit or protect against loss in declining markets. Sources: provisional exchange data via 5paisa and Quantsapp; AMFI via Angel One, Equentis.
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📌 Also this week: On Thursday the Nasdaq Composite in the US closed 5.52% lower and entered what markets call a "correction" (see the jargon buster below). Back home, financial shares led the week: from Monday to Thursday the Nifty NBFC index rose about 12.8% and Nifty Realty about 10.1%, while the Nifty IT index rose only 0.7%.
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③ Perspective: when the week is a great one
Two weeks ago we wrote about living through a bad week. A very good week needs the same calm, because excitement can push us into decisions just as easily as fear. A few thoughts:
- A great week is still just a week. The Nifty rose 8.6% in five days, yet goals such as a child's education or retirement are years away. One week, good or bad, says little about the next.
- Watch out for "I'm missing out". After a sharp rise it is tempting to put in a big lump sum all at once, or to raise the share of equity beyond what your plan allows. Stick to amounts decided calmly, in advance. SIP does not guarantee a profit or protect against loss in declining markets.
- Different markets can move in opposite directions. In the same week, Indian shares rose sharply while US technology shares fell hard. Nobody knew in advance which way each would go, which is why a sensible mix matters more than picking the winner.
- A big rise can change your mix. When shares rise faster than other parts of a portfolio, their share of it grows. Checking that balance at fixed review times is part of a good plan, and we're always happy to do that review with you.
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④ Learn one thing: diversification
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Last week's quiz answer: (b) Mid cap. Under SEBI's rules, companies ranked 101 to 250 by full market capitalisation are mid caps, so the 180th largest company is a mid cap.
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Diversification means spreading your money across things that don't all rise and fall at the same time, such as shares, bonds and gold, or different kinds of companies. The aim is not to find the one thing that does best. It is to make the ride smoother, so that no single bad year can knock your plan off course.
An illustration with two imaginary investments, A and B, and ₹1,00,000. In year 1, A rises 20% and B falls 10%. In year 2 it is the other way round.
| ₹1,00,000 put |
After year 1 |
After year 2 |
Worst year |
| All in A | ₹1,20,000 | ₹1,08,000 | −10% |
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| All in B | ₹90,000 | ₹1,08,000 | −10% |
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| Half and half | ₹1,05,000 | ₹1,10,250 | +5% |
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Bars show the value after year 2. "Half and half" assumes the money is reset to 50:50 at the start of year 2. Assumed figures, chosen to show the idea; they are not a forecast, and real investments rarely move this neatly in opposite directions.
Putting everything in A or everything in B gave a 10% fall in one of the two years. Half and half never had a bad year here: +5% each year (20% − 10%, halved), and it ended slightly ahead too. In real life the gain is usually less tidy, but the smoother ride is the point.
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Why it matters to you: This week showed it in real time: Indian shares rose 8.6% while the main US technology index fell more than 9% in dollar terms. Diversification does not stop losses, and a mix will usually trail whatever does best in a given year. What it does is stop any one market, sector or asset from deciding your whole result. The right mix depends on your goals, time horizon and comfort with ups and downs, which is what we look at together when we review your plan.
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🧠 Quick quiz
You split ₹1,00,000 equally between two investments. Over a year, one half rises 10% and the other half falls 10%. What is the total worth at the end?
Reply to this email with your guess. The answer comes in next week's issue.
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⑤ On the calendar
| Sun, 8 Nov | Diwali. Muhurat trading this year is in the afternoon, 2:20 pm to 3:30 pm. |
| Tue, 10 Nov | Market holiday (Diwali Balipratipada). Mutual fund transactions submitted that day will be processed on the next business day. |
| Sat, 21 Nov | Extended income tax return deadline for taxpayers whose accounts are audited. |
| Tue, 24 Nov | Market holiday (Guru Nanak Jayanti / Prakash Gurpurb). |
| 2–4 Dec | The next RBI Monetary Policy Committee meeting. |
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📖 Jargon buster: "correction"
A correction is a fall of 10% or more from a recent peak. A fall of 20% or more is usually called a bear market.
This week the US Nasdaq Composite entered a correction. The word describes the size of a fall that has already happened; it says nothing about what comes next.
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That's all for this week. Wishing you and your family a very happy Diwali, full of light, good health and prosperity. If you'd like to talk about anything here, just reply to this email or message us on WhatsApp. And if a friend or family member would find this useful, please forward it to them.
Warm regards,
Aniruddha Samdani
AMFI-registered Mutual Fund Distributor · ARN-66087
www.asfinserv.co
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Data sources: NSE and BSE closing data, 30 Oct – 6 Nov 2026 (via HDFC Sky, Kotak Neo, DD News, Business Standard, Oquilia, ETV Bharat, PTI via Telangana Today); sector and broader-market moves (Oquilia, Kotak Neo, HDFC Sky, DD News, 2–6 Nov 2026); Nasdaq 100 closes, 29 Oct and 5 Nov 2026 (CappNotes; MarketSpeaker; Yahoo Finance; 29 Oct close as published in Issue #6 from Nasdaq Global Indexes, MarketScreener, Teleborsa); S&P 500 closes, 29 Oct and 5 Nov 2026 (CappNotes; BBN Times; Trefis; 29 Oct close as published in Issue #6); Nasdaq Composite (CappNotes; Yahoo Finance, 5 Nov 2026); US 10-year yield, 5 Nov 2026 (CappNotes; NBC/AP); IBJA 999 gold and silver AM rates, 30 Oct and 6 Nov 2026 (The United Indian; Oneindia; ibjarates.com for 30 Oct), cross-checked with MCX futures (Kotak Neo, 6 Nov 2026); US midterm results and AI share sell-off (HDFC Sky; Business Standard; CappNotes; Upstox, 4–6 Nov 2026); Brent crude (Kotak Neo; HDFC Sky; Business Standard; PTI via Telangana Today, 2–6 Nov 2026); rupee closing rates (PTI via HDFC Sky, Telangana Today, Deccan Herald, 30 Oct and 6 Nov 2026); Indian 10-year bond yield (Business Standard, 5 Nov 2026; Business Recorder, 3 Nov 2026); FII and DII daily and monthly data (provisional exchange data via 5paisa and Quantsapp, Oct – 5 Nov 2026; PTI); AMFI monthly data (September 2026, via Angel One, Equentis); SEBI categorisation of mutual fund schemes (2017); CBDT ITR deadline extension (29 Sep 2026, via Angel One, Oneindia); Muhurat trading timings (NSE notice via Outlook Money, Business Today); NSE holiday list 2026 (Kotak Neo; ClearTax); RBI MPC schedule. All figures are as of the dates mentioned and may be revised by the source.
Disclaimer: This newsletter is for general information and investor education only. It is not investment, tax or legal advice, and it does not recommend buying, selling or holding any security, mutual fund scheme, gold or silver product, overseas investment or insurance product. Views on markets are general and do not take into account any individual's objectives, financial situation or needs. Illustrations use assumed figures and are not forecasts. Aniruddha Samdani Finserv is an AMFI-registered Mutual Fund Distributor (ARN-66087) and may earn commission on mutual fund investments made through it. Please consult your tax consultant/CA on tax matters.
SIP does not guarantee a profit or protect against loss in declining markets.
Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance is not indicative of future results.
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