Indian Stock Market Awaits Jio IPO and Q2 Results After Strong Weekly Rally

Benchmark indices Sensex and Nifty posted their biggest weekly gains since April, rising over 2.4% last week, driven by cooling US Treasury yields and Q2 earnings.

Reliance-backed Jio Platforms is set to open its massive IPO for subscription from October 21 to October 23, with anchor bidding scheduled for October 19 within a price band of ₹1,065 to ₹1,119 per share.

Foreign institutional investors remained net sellers for the ninth consecutive week, though selling eased significantly to ₹89.91 billion while domestic institutional buyers stayed firm.