# Diwali Rally Lifts Sensex 8.82%, Nifty 8.58% In Best Weekly Gain Since 2021

> Indian benchmark equities recorded their strongest weekly gains since February 2021, with the Nifty rising 8.58% and the Sensex 8.82%. Record foreign investor buying, lower crude prices and improving global sentiment supported the rally, while domestic institutions were net sellers.

- Date: 2026-11-07 · published 2026-11-07T15:10:37.713Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/86155-diwali-rally-lifts-sensex-8-82-nifty-8-58-in-best-weekly-gain-since-2021
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower crude prices can reduce fuel, freight and input costs, easing pressure on feed supply chains. The story reports a market move rather than a new change in commodity supply or demand, so the crude-price implication is bearish.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-03-19 | [Oil prices post deepest weekly loss since October, yet banks remain bullish](https://feedsoft.ai/events/6204-oil-prices-post-deepest-weekly-loss-since-october-yet-banks-remain-bullish.md) | -2.4% | +5.3% |
| WTI | 2024-05-03 | [Oil settles down on US jobs data, steepest weekly loss in 3 months \| Reuters](https://feedsoft.ai/events/7229-oil-settles-down-on-us-jobs-data-steepest-weekly-loss-in-3-months-reuters.md) | +0.4% | -3.0% |
| WTI | 2023-11-01 | [Oil falls to settle at 3-week low as Fed policy stance lifts dollar](https://feedsoft.ai/events/33077-oil-falls-to-settle-at-3-week-low-as-fed-policy-stance-lifts-dollar.md) | -4.5% | -4.6% |
| WTI | 2019-07-01 | [Oil Plunges in Worst Reaction to OPEC Since 2014 on Demand Woes - Bloomberg](https://feedsoft.ai/events/58299-oil-plunges-in-worst-reaction-to-opec-since-2014-on-demand-woes-bloomberg.md) | -1.4% | -2.5% |
| WTI | 2022-05-23 | [Stocks rally as euro gains on likely rate hikes](https://feedsoft.ai/events/12688-stocks-rally-as-euro-gains-on-likely-rate-hikes.md) | +1.9% | -2.0% |
| BRENT | 2021-03-19 | [Oil prices post deepest weekly loss since October, yet banks remain bullish](https://feedsoft.ai/events/6204-oil-prices-post-deepest-weekly-loss-since-october-yet-banks-remain-bullish.md) | -1.8% | +5.9% |
| BRENT | 2024-05-03 | [Oil settles down on US jobs data, steepest weekly loss in 3 months \| Reuters](https://feedsoft.ai/events/7229-oil-settles-down-on-us-jobs-data-steepest-weekly-loss-in-3-months-reuters.md) | -0.8% | -4.4% |
| BRENT | 2023-11-01 | [Oil falls to settle at 3-week low as Fed policy stance lifts dollar](https://feedsoft.ai/events/33077-oil-falls-to-settle-at-3-week-low-as-fed-policy-stance-lifts-dollar.md) | -5.3% | -6.2% |

## Sources

- businessworld.in: https://www.businessworld.in/article/diwali-rally-lifts-sensex-8-82-nifty-8-58-in-best-weekly-gain-since-2021-632591

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.