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Below the Quote on Weekly Market Outlook by Vinit Bolinjkar, Head of Research, Ventura

Elevated crude oil remains the biggest overhang for Indian equities, as Brent has risen to its highest level since early May amid escalating Middle East tensions. The rupee has recovered from its recent lows but is still weak, and continued FII outflows and RBI efforts to defend the currency are weighing on sentiment. Key factors to watch this week are the direction of crude and FII flows, which could ease if US bond yields keep softening and the rupee holds firm. The US Fed meeting is a major global trigger, and markets overwhelmingly expect the Fed to hold rates, so the focus will be on its tone, as a tightening move is likely to be debated and December is seen as the more likely time for a hike. The Jio Platforms IPO is another important event. The issue closed for subscription on 23 October, with allotment on 26 October and listing on 28 October. As one of the largest IPOs in India, its listing will test primary market sentiment and may draw liquidity away from the secondary market. Q2 FY27 earnings will also drive stock-specific moves, with management commentary on demand and margins in focus. IT stocks may stay in focus, as Nifty IT rallied sharply and the weak rupee supports exporters. Private banks and NBFCs will be watched for results and asset quality trends, while defensives such as pharma and FMCG can hold up better if the market weakens. Oil-sensitive sectors such as OMCs, paints and aviation remain under pressure from high crude

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