markets · Markets / Earnings / Flows
Nifty snaps eight-week losing streak at 22,520 even as FPIs sell ₹30,294 crore; DMart Q2 profit ₹743 crore, HCLTech and RBL Bank report today
A Friday rally of 1.30% — 46 of 50 Nifty stocks up, IT +3.02% — was just enough to end eight straight weeks of losses. Foreign funds sold every day of the week, and domestic funds bought every share back, almost to the crore. Results season now takes over: DMart’s Saturday numbers showed sales up 18% but margins thinner, and HCLTech reports on Monday.
60-sec
Friday 9 Oct close (NSE):
| Close | Day | Week | |
|---|---|---|---|
| Nifty 50 | 22,520.45 | +1.30% (46 up, 4 down) | +0.44% vs 1 Oct close of 22,421.95 |
| Nifty Bank | 55,256.65 | +1.36% | — |
| Nifty IT | 28,574.90 | +3.02% | — |
| Nifty FMCG | 44,864.25 | +2.20% | — |
| Nifty Midcap 100 | 58,787.30 | +1.56% | — |
| Nifty Smallcap 100 | 19,153.70 | +0.54% | — |
| India VIX | 14.36 | −6.0% | — |
The streak: Nifty’s weekly closes fell for eight straight weeks from mid-August to 1 Oct (a 1 Oct week cut short by the Gandhi Jayanti holiday). The week to 9 Oct ended it (Capital Chronicle arithmetic on NSE index history).
Flows (NSE provisional, cash market, ₹ crore):
| 5 Oct | 6 Oct | 7 Oct | 8 Oct | 9 Oct | Week | |
|---|---|---|---|---|---|---|
| FPI/FII net | −4,699.14 | −2,961.30 | −6,121.37 | −12,943.58 | −3,568.90 | −30,294.29 |
| DII net | +5,181.62 | +5,088.92 | +4,596.57 | +10,703.11 | +4,743.26 | +30,313.48 |
Takeaway: Domestic buying absorbed foreign selling to within ₹19 crore over the week. The index stopped falling, but foreign funds have not stopped selling. Not investment advice.
Analysis
A narrow escape, not a turn
The week’s gain came almost entirely on Friday. Nifty had fallen to 22,231.80 on Thursday 8 Oct after the RBI’s rate hike and an ₹12,944 crore FPI sale (Thursday’s story). Friday’s 288.65-point bounce, led by IT and FMCG, took it to 22,520.45 — only about 0.44% above the previous Thursday’s 22,421.95 close. Oil & gas was the one major sector index in the red (−0.09%).
The Nifty’s price-to-earnings ratio on NSE’s index page stood at 19.27 at Friday’s close. The index is still about 10.6% lower than a year ago, per the same NSE data.
DMart: sales grow fast, margins slip
Avenue Supermarts (DMart) filed Q2 FY27 results on Saturday 10 Oct:
| Q2 FY27 | Consolidated | Standalone (stores) |
|---|---|---|
| Total revenue | ₹19,644 cr (+17.8%) | ₹19,206 cr (+18.4%) |
| EBITDA | ₹1,393 cr (margin 7.1% vs 7.3%) | ₹1,403 cr (margin 7.3% vs 7.6%) |
| Net profit | ₹743 cr (+8.5% from ₹685 cr) | ₹804 cr (+7.6%) |
| Basic EPS | ₹11.40 | ₹12.32 |
Growth rates for consolidated revenue and profit are Capital Chronicle arithmetic on the company’s figures.
MD & CEO Anshul Asawa said stores at least two years old grew 9.5% in the quarter, up from 6.8% a year ago, and that entry-level wage inflation pushed operating costs up slightly. DMart opened 15 stores in Q2, taking the total to 518. Profit grew about half as fast as revenue, which is the number to watch when the stock trades on Monday.
Results calendar this week (NSE board-meeting list)
- Mon 12 Oct: HCLTech, RBL Bank, ICICI Prudential AMC (ICICIAMC), GSFC, Swaraj Engines
- Tue 13 Oct: Tata Elxsi, ICICI Prudential Life, Hero Motors, TARIL
- Wed 14 Oct: Canara Bank, BHEL, Groww, ICICI Lombard, Tata Technologies, Sona BLW (SONA), CEAT, HDB Financial
- Thu 15 Oct: Wipro, 360 ONE, Angel One, 5paisa
- Fri 16 Oct: DLF, Federal Bank, Bajaj Housing Finance, Oberoi Realty, Crompton, Urban Company (URBANCO)
TCS reported last Thursday (TCS Q2 story); HCLTech is the next large IT print.
Funding: Tessolve raises $75 million
Chip engineering firm Tessolve Semiconductor, a Hero Electronix company, said on Sunday 11 Oct it has secured a $75 million investment from US-based Vector Line Capital — the semiconductor-only investor’s first investment in India. Vector Line joins existing investors TPG and Novo Tellus. Tessolve said the money will fund growth including acquisitions, and that it is in advanced talks on multiple deals over the next couple of quarters. Co-founder and CEO Srini Chinamilli said the investment “will support acquisitions”; chairman Ujjwal Munjal said the company shows that “an engineering business built from India can compete and lead globally.” The company did not disclose a valuation or stake size.
What to watch Monday
- Whether FPI selling continues into a heavy results week
- DMart shares after the margin squeeze; HCLTech Q2 numbers
- IPO anchor books for HD Fire Protect, Ravita and Vaibhav Vyapaar (this week’s IPO calendar)
Sources
- NSE index data (closing levels, advances/declines, P/E, one-year change), 9 Oct 2026, and Nifty 50 historical index closes. https://www.nseindia.com/api/allIndices · https://www.nseindia.com/api/historicalOR/indicesHistory?indexType=NIFTY%2050
- NSE provisional FII/FPI and DII cash-market data, 5–9 Oct 2026. https://www.nseindia.com/api/fiidiiTradeReact
- Avenue Supermarts Limited — press release and financial results for the quarter ended 30 Sep 2026, filed with NSE on 10 Oct 2026. https://nsearchives.nseindia.com/corporate/DMART_10102026153213_ASLPressRelease10102026.pdf
- NSE corporate board-meeting intimations, 12–16 Oct 2026; Wipro results-date announcement. https://www.nseindia.com/api/corporate-board-meetings?index=equities
- Tessolve Semiconductor company statement, 11 Oct 2026 (investment, investors, use of funds, quotes).
Not investment advice.
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Not personalized financial advice. Corrections: corrections@capitalchronicle.news