Market Close Report Today, October 6, 2026: Nifty, Sensex Roar Ahead Of RBI

Mumbai, October 6: Indian equity benchmarks extended their recovery for a second straight session on Tuesday, with the Nifty 50 closing above 22,700 and the Sensex gaining 685 points, as positive global cues, easing crude prices and strong September-quarter business updates lifted sentiment ahead of the Reserve Bank of India’s monetary policy decision. 

The Sensex ended 685.34 points, or 0.95%, higher at 73,067.81, while the Nifty gained 220.35 points, or 0.98%, to settle at 22,776.10. The benchmarks have now risen for two consecutive sessions after suffering their longest weekly losing streak in 25 years. 

Market breadth was firmly positive, with 2,685 shares advancing, 1,495 declining and 197 ending unchanged. The Nifty Midcap index rose 1.08%, while the Smallcap index added 1.5%, indicating that the recovery extended beyond the frontline indices. 

Banks, Trent lead gains 

Financial stocks were among the key drivers of Tuesday’s rally after lenders reported healthy growth in deposits and advances in their September-quarter business updates. 

Kotak Mahindra Bank gained 3.8%, while Axis Bank rose 2.1%. Reliance Industries climbed 2.7% amid optimism over a potential listing of Jio Platforms and after a broker increased its portfolio weightage on the stock. 

Trent was the standout performer among large caps, surging 12.6% after the retailer reported a 23% year-on-year increase in standalone revenue from operations for the September quarter. 

Other stocks such as Dabur India and Godrej Consumer Products also gained, rising 2.7% and 4.2%, respectively. The moves reflected stock-specific buying following a string of September-quarter business updates. 

Most sectors end higher 

Fourteen of the 16 major sectoral indices ended in positive territory. Nifty Bank, Consumer Durables, Energy, Infrastructure, Media, FMCG, Metal, Pharma, Oil & Gas, Private Bank and Telecom indices gained between 0.5% and 2%. 

On the losing side, the Nifty Realty index fell 0.7%, while the IT index declined 0.6% and the PSU Bank index slipped 0.3%. 

The broad-based gains suggest investors are beginning to find value in segments that had been hit during the market’s prolonged correction, even as concerns over foreign selling and elevated global bond yields remain. 

Global cues, oil support equities 

Indian equities also benefited from a supportive global backdrop. Asian markets largely gained after Wall Street ended higher overnight, with the Nasdaq hitting a record close as softer-than-expected US jobs data reduced expectations of a Federal Reserve rate hike this month. 

Lower crude prices provided another positive trigger for oil-importing economies such as India. Brent crude had fallen nearly 2% in the previous session as Middle Eastern oil exports recovered and the G7 pledged to increase supplies, although prices remained around the $100-a-barrel level amid continuing geopolitical risks. 

RBI decision next on investors’ radar 

The focus now shifts to the RBI’s policy verdict on Wednesday, with markets largely pricing in a 25-basis-point increase in the repo rate. The move would mark the first rate hike by the central bank since 2023. 

Investors will closely track the RBI’s commentary on inflation, crude oil prices, the rupee and the outlook for further monetary tightening. 

Foreign portfolio investors remained net sellers for a seventh consecutive session on Monday, pulling out Rs 4,699 crore, while domestic institutional investors bought equities worth Rs 5,182 crore, according to provisional NSE data. 

With the Nifty now above 22,700 and the Sensex back above 73,000, investors will look to the RBI’s policy stance and upcoming quarterly earnings for cues on whether the two-day rebound can develop into a more sustained recovery. 

Source

• NSE
• BSE