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Sensex Jumps 348 Points and Nifty Crosses 22,650 Led by Banking and Metal Stocks
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News18•06-10-2026, 10:52
Sensex Jumps 348 Points and Nifty Crosses 22,650 Led by Banking and Metal Stocks
- •Domestic equity markets extended gains in late-morning trade, with the BSE Sensex rising 348.23 points to 72,730.70 and the Nifty climbing to 22,668.65.
- •Banking, financial, and metal stocks spearheaded the rally, led by significant gains in Kotak Mahindra Bank, Reliance Industries, and Tata Steel.
- •IT stocks faced downward pressure, with Tech Mahindra and Infosys emerging as the top laggards on the Sensex.
- •Broader markets outperformed frontline indices as smallcap and microcap indices registered robust gains, while India VIX declined by 4.67%.
- •Experts note that easing crude prices and supportive Asian markets are boosting sentiment, though geopolitical risks in the Middle East continue to warrant caution.
Key Questions Answered
On Tuesday, October 6, 2026, the BSE Sensex gained 348.23 points to trade at 72,730.70, while the Nifty climbed 112.90 points to stand at 22,668.65.
The market rally was primarily driven by banking, financial, and metal stocks. Kotak Mahindra Bank surged 3.52% as the top Sensex gainer, alongside gains in Reliance Industries, Hindustan Unilever, Axis Bank, and the Nifty Metal index which jumped 1.11%.
IT stocks remained under pressure, with the Nifty IT index falling 0.95% led by Tech Mahindra, Infosys, and HCL Technologies. Meanwhile, market volatility eased significantly, with the India VIX dropping 4.67% to 14.09.
