Stories
Sensex And Nifty Rally For Second Straight Day Driven By Strong Earnings And Falling Crude
C
CNBC TV18•06-10-2026, 15:54
Sensex And Nifty Rally For Second Straight Day Driven By Strong Earnings And Falling Crude
- •BSE Sensex rose 685 points to 73,068 while the NSE Nifty gained 220 points to reclaim the 22,700 mark.
- •Brent crude falling below 100 dollars per barrel significantly boosted overall market sentiment.
- •Positive quarterly updates from companies like Trent and Kotak Mahindra Bank supported the upward momentum.
- •Heavyweight Reliance Industries saw strong buying interest, lifting the Nifty by around 60 points.
- •Capital market and air conditioner stocks rallied on strong demand expectations while IT stocks faced pressure.
Key Questions Answered
The BSE Sensex rose 685 points to close at 73,068, while the NSE Nifty gained 220 points to reach 22,776, marking their second consecutive session of gains.
The decline in crude oil prices back below $100 per barrel lifted investor sentiment and provided strong support for the broader market rally.
Reliance Industries lifted the Nifty by about 60 points, while Kotak Mahindra Bank gained 4% and Trent surged 12% following strong quarterly updates. The FMCG basket, capital market stocks, and AC companies also saw notable buying interest.
