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Indian markets close week higher on crude dip and strong earnings momentum
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Nifty 50 and Bank Nifty gained ~2 % last week on crude softness, strong Q2 results, and steady foreign inflows.
Benchmark indices Nifty 50 and Bank Nifty closed the prior week with gains of ~2 %, supported by global tailwinds, softening Brent crude prices, and upbeat Q2FY26 results. Banking and auto stocks led the rally, while IT and FMCG posted mild corrections. Analysts expect momentum to continue if crude remains under $80/barrel. The rupee logged its best week in months, appreciating ~0.7 % against the USD. Despite geopolitical tensions, India’s equity outlook remains stable with foreign inflows strengthening ahead of the festive season.