Market Close Report Today, October 5, 2026: Nifty, Sensex End Losing Streak As Fed Fears Recede

Mumbai, October 5: Indian equity benchmarks snapped a four-session losing streak on Monday, with the Nifty 50 reclaiming the 22,500 mark as easing crude oil prices and fading expectations of a Federal Reserve rate hike improved risk appetite. The Sensex gained 0.66% to close at 72,382.47, while the Nifty rose 0.60% to 22,555.75. 

The rebound came after the benchmarks logged their eighth straight weekly decline last week, their longest losing streak in 25 years. The sharp correction had pushed the indices into oversold territory, raising the possibility of a technical pullback, while softer-than-expected US jobs data reduced the probability of a Fed rate hike later this month. 

Financials Lead Recovery 

Financial stocks led the recovery after a series of positive September-quarter business updates. The Nifty Bank and financial services indices gained around 0.5% each, while the PSU Bank index rose 1%. 

Punjab National Bank rose 2.5% after reporting 14.8% growth in global advances during the September quarter, while Bank of Baroda gained 0.9% after its quarterly advances grew 18%. Bajaj Finance was among the top Nifty gainers, rising 2.3% after reporting an 11% year-on-year increase in new loans booked during the quarter. 

Among the other major gainers, Tata Motors Passenger Vehicles, ITC, Shriram Finance and NTPC also ended higher. IT stocks flatlined after better-than-expected revenue growth forecast from Accenture. 

Media, FMCG And Realty Gain 

The sectoral picture was broadly positive, with all major indices except pharma ending in the green. Consumer durables, FMCG, media, infrastructure, oil and gas, PSU banks, telecom and realty gained between 0.5% and 2%. 

The Nifty midcap and smallcap indices also rose around 0.5% each. However, market breadth remained weak, with 1,991 shares advancing against 2,297 declines, while 216 stocks were unchanged. 

HCL Technologies, Max Healthcare, Asian Paints and Apollo Hospitals were among the biggest Nifty laggards. 

Oil, Fed Fears Ease 

Crude oil prices provided another source of relief after rising sharply in recent weeks. Brent crude slipped towards $100 a barrel as higher Middle East exports and coordinated stock releases by G7 nations eased near-term supply concerns. 

Weaker US economic data also pushed the probability of an October Fed hike below 25%, according to traders cited by reports, supporting emerging-market assets. However, analysts cautioned that a sustained recovery in Indian equities would require further easing in oil prices and a slowdown in foreign outflows. 

Foreign investors sold equities for six straight sessions through Thursday, while domestic institutions continued to provide support. With the broader market still showing weak breadth, investors are likely to watch foreign flows, crude prices and September-quarter updates closely to assess whether Monday’s rebound can extend. 

Source

• NSE
• BSE