On Friday, October 17, Indian equity benchmark indices ended 0.5% higher, extending gains for the 3rd consecutive session. The Nifty 50 and Sensex hit one-year highs, led by index heavyweights Reliance and ICICI Bank ahead of their results.
At the close, the Nifty 50 advanced 124.55 points, or 0.49%, to settle at 25,709.85, while the Sensex jumped by 484.53 points, or 0.58%, ending at 83,952.19. India’s fear index, India VIX, surged nearly 7% on Friday.
On a weekly basis, the indices rose 1.7%, marking the biggest gain in the last 16 weeks and ending three consecutive weeks in green.
On the sectoral front, 6 out of 11 sectors closed in positive territory. India's banking index, Bank Nifty, and broader financials index, Nifty Financial Services, hit lifetime highs ahead of key earnings from HDFC Bank and ICICI Bank on Saturday.
Nifty IT bucks the trend, dropping 1.63%, dragged by Wipro and Infosys on margin concerns despite reporting better-than-expected revenue for the second quarter.
Meanwhile, broader markets saw opposite trend; both the Nifty Midcap and Nifty Smallcap indices closed on a negative note.
Among individual stocks,
The Nifty FMCG index rose 1.37%, extending its gains for the third consecutive trading session. The index rebounded from a four-month low this week, advancing 3% over the week. On the other hand, the Nifty IT index fell 0.63%, with Wipro slipping over 5% amid concerns about margin pressures.
The key drivers of the index gains were:
On the other hand, these stocks weighed on the index:
The broader market indices ended on a negative note on Friday. The Mid-cap 100 index ended down by 0.57% and the Small-cap 100 ended marginally down by 0.05%.
As of October 17, 2025, the market breadth was in favour of declining stocks. Out of 3,161 stocks traded on the NSE, 1,201 advanced, 1,873 declined, and 87 remained unchanged.
A total of 81 stocks touched their 52-week highs, while 86 hit their 52-week lows. Additionally, 82 stocks were locked in their upper circuits, whereas 51 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.