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Sensex Surges 559 Points, Nifty Clears 22,700 As Banks And Financials Lead Market Rally
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News18•06-10-2026, 14:03
Sensex Surges 559 Points, Nifty Clears 22,700 As Banks And Financials Lead Market Rally
- •Indian benchmark indices extended gains in afternoon trade with the BSE Sensex rising 558.53 points to trade at 72,941.00 and the Nifty climbing past the 22,700 mark.
- •Market volatility eased significantly as the India VIX dropped 6.17% to 13.86, reflecting a strong improvement in investor risk appetite.
- •Banking and financial services drove the market rally, led by significant gains in Kotak Mahindra Bank, Axis Bank, and Reliance Industries.
- •Broader markets participated strongly, with Nifty Smallcap and Midcap indices posting solid gains, while IT stocks faced selling pressure.
Key Questions Answered
The BSE Sensex climbed 558.53 points, or 0.77%, to reach 72,941.00 by 1:50 pm, while the Nifty gained 157.10 points, or 0.70%, trading above the 22,700 mark at 22,712.85.
Banking, financial, pharma, and broader-market stocks spearheaded the rally, with the Nifty Private Bank index surging 1.50%. Key individual gainers included Kotak Mahindra Bank up by 4.06%, Hindustan Unilever up 2.45%, and Reliance Industries up 2.44%.
Market volatility eased significantly as the India VIX declined by 6.17% to 13.86. Conversely, IT stocks missed out on the broader market recovery, with the Nifty IT index falling 1.18% led by declines in Tech Mahindra, Infosys, and TCS.
