“Nifty’s Diwali Recovery Week: Mithai, Rest Days and One Scary Weigh-In”
After last week’s 8.6% powerlift, Nifty did what every sensible athlete does. It took a Diwali recovery week, ate the mithai and skipped Tuesday entirely. It still finished up about 0.46% at 25,144.30, while Sensex closed at 81,592.45, up about 0.7%.
Monday: Sore Muscles, Small Smile
Sunday’s Muhurat session ended down 0.18%, Nifty’s first red Muhurat since 2017.
Monday it limped back, up 0.23% to 25,044.65.
PSU banks did the heavy lifting, up over 3%. IT stayed on the couch.
Tuesday: Official Rest Day
Market shut for Diwali Balipratipada.
Zero reps. Zero candles. Maximum laddoos.
Physio’s note: “Patient is resting. Patient is also eating.”
Wednesday: Mithai Sugar Rush
Nifty jumped 0.84% to 25,255.05. Sensex added about 773 points.
Crude slid toward a two-month low as US-Iran escalation fears eased.
Smallcaps ran 1.6%, doing laps on pure jalebi energy.
Thursday: Light Stretching
Nifty stretched 0.18% to 25,299.35.
Realty did cartwheels, up about 4%. Godrej Industries jumped nearly 10% on the Temasek deal.
IT, FMCG and autos sat out with profit-taking cramps.
Friday: The Scary Weigh-In
Nifty stepped on the inflation scale and flinched: down 0.61% to 25,144.30.
Inflation above the RBI’s comfort band, a crude bounce and rising bond yields did the damage.
Sensex snapped its three-day streak. India VIX, oddly, relaxed 7%.
Cast of Characters
Coach Crude
Rested near a two-month low midweek, then picked the dumbbell back up on Friday.
FII Gym Buddy
About $5.68 billion of Indian shares bought in November so far. Best spotter since September 2024.
The Inflation Scale
Never lies, never smiles. Single-handedly ruined Friday.
Realty, the Sugar-High Cousin
Up about 4% on Thursday, the worst sector on Friday. Classic post-jalebi crash.
The Smallcap Kids
Outran the big guy on four of five sessions, roughly +3.5% for the week.
What To Watch
Bullish Scenario
- FII buying keeps spotting the bar.
- Crude stays calm near recent lows.
- Nifty holds the 24,850–25,000 support zone analysts flagged.
Bearish Scenario
- Rate-hike fears grow after the hot inflation print.
- Rising US yields and talk of a December Fed hike spook emerging markets.
- A break below about 24,850 opens room toward 24,600.
Recovery week is over. On Monday, the trainer wants to see the diet chart.
Satire, for research and education only. Not investment advice.
