Insights

Weekly Market Map - 24 October, 2026

Weekly Market Map

By Native Insights•24 October 2026

Nifty falls 2.36% WoW as India VIX spikes 20%
Broad market sells off this week – microcaps, smallcaps hit hardest; In Factors – Momentum lags sharply, Low Volatility holds up best
IT only sector in green this week; Defence, Durables lag sharply
Sector Rotation: Bank, IT, Oil & Gas lead; Financial Services weakens
Macro: India VIX spikes 20.3%; Gold slides 3.6%, Brent flat
Global 10Y Yields: US falls to 4.95%, Japan eases to 2.87%
Median profit up 22% YoY; Smallcap 250 leads at 39%
Industry growth: Industrial Mfg, Pharma profits surge; Realty falls
Top 15 Performing ETFs

Nifty falls 2.36% WoW as India VIX spikes 20%

Markets Under Pressure: Nifty fell nearly 2% this week on high crude, persistent FII selling and global uncertainty, extending the correction.
Crude Oil Surges: Brent neared $114 per barrel on Middle East tensions, raising risks to inflation, the import bill and corporate margins.
Rupee Weakens: The rupee slipped to around ₹94.96 per dollar on Friday as rising crude offset support from a softer dollar.
Broader Markets Underperform: Midcaps and smallcaps saw heavier selling than the headline indices, reflecting weaker risk appetite.
Strong Q2 Results: ICICI Bank beat estimates on high loan growth and low provisions, Hindustan Zinc gained from firm metal prices, and Central Bank of India’s profit rose 21% to ₹1,469 crore.
IT Stocks Show Resilience: IT shares outperformed on earnings and AI-consulting optimism, though global tech volatility remains a risk.
Earnings Drive Stock-Specific Action: Q2 FY27 results kept steering individual stocks, with focus on revenue growth, margins and guidance.
Jio Platforms IPO: The IPO was subscribed 12.55 times by 23 October, showing strong investor demand.

US Fed Meeting: FOMC meets 27-28 October, decision Wednesday; could move equities, dollar and FII flows.
Crude Oil Risk: Brent near $114 is the biggest risk; easing Middle East tensions could help.
Q2 Earnings Intensify: Bajaj Auto, L&T, Maruti, Tata Steel, HUL and Asian Paints report.
Auto and Festive Demand: Bajaj Auto and Maruti results will show demand, margins and energy-cost impact.
FMCG and Consumer: HUL and Tata Consumer results will show demand, input costs and pricing power.
Jio Platforms IPO Listing (28 October): Lists on NSE and BSE after 12.55x subscription.
Nifty Levels: Support at 22,400 and 22,200, resistance at 22,800 and 23,000.