- The major Indian stock indices rose 3-9% during the week led by real estate and IT sectors. The Sensex rose 3.08% while Nifty rose 3.2%. - India's trade deficit contracted to a 2.5 year low in September as exports rose 6% while imports fell for the 4th consecutive month. - Wealth in India widened by 7.4% to $3.6 trillion according to a Credit Suisse report. - The RBI cut its marginal standing facility rate by 50 basis points and introduced variable rate repo auctions to boost liquidity.