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IT Stocks Lead Market Rally As Gold Curbs Loom And Air Fare Rules Near
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CNBC TV18•16-10-2026, 22:03
IT Stocks Lead Market Rally As Gold Curbs Loom And Air Fare Rules Near
- •Indian equity markets extended their winning streak for a second consecutive week, driven by a massive 11.5 percent surge in the Nifty IT index.
- •Foreign institutional investors returned to buying equities, purchasing shares worth ₹1,165.92 crore on Friday.
- •New developments emerge as the Centre finalizes air fare rules to be published within two weeks and gold ETF restrictions face potential expansion.
- •Real estate firms Oberoi Realty and DLF reported their Q2 earnings with mixed quarterly results.
- •India's CERT-In flagged emerging cybersecurity risks involving autonomous AI agents accessing sensitive systems without authorization.
Key Questions Answered
The Nifty IT index surged 11.5% for its biggest weekly gain in nearly 18 years, leading an extended winning streak across Indian equity markets.
The Supreme Court upheld the Bombay High Court's ruling, clarifying that Yes Bank's Additional Tier-1 (AT-1) bonds are debt securities and cannot be permanently written off.
The government informed the Supreme Court on Friday that it has finalised rules to deal with air fares and expects to publish them within two weeks.
