Markets wrapped up the week on a high note with Reliance Industries Ltd leading the headlines after posting a solid Q2, powered by resilient energy, retail and digital operations.

The Nifty Bank index too scaled a new record high, surging nearly 10,000 points from its 2025 lows, with only one constituent underperforming.Globally, gold prices soared past $4,300 per ounce, heading for their best weekly gain since 2020 amid geopolitical uncertainty, even as Wall Street slipped on renewed regional banking worries.

Back home, Natco Pharma shares rose after the Supreme Court cleared the sale of its spinal muscular atrophy drug, while FSSAI cracked down on misleading food labels using the term “ORS.”

In defence, India marked a milestone as the indigenous Tejas Mk1A fighter jet completed its

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