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Sensex Surges 473 Points and Nifty Snaps Four-Day Losing Streak
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CNBC TV18•05-10-2026, 15:47
Sensex Surges 473 Points and Nifty Snaps Four-Day Losing Streak
- •The equity benchmark indices snapped a four-session losing streak on Monday, with the Sensex rising 473 points to 72,383 and the Nifty gaining 134 points to 22,556.
- •Heavyweight stocks like Reliance Industries, ICICI Bank, and ITC drove the Nifty higher, with ITC jumping over 5 percent following a positive brokerage note.
- •Capital market stocks rallied significantly, with BSE and Angel One gaining up to 4 percent while MOIL shares jumped 5 percent on strong September production growth.
- •IT stocks and HDFC Bank faced pressure due to profit booking and reaction to quarterly updates, while DMart and V2 Retail slipped following their respective earnings reports.
Key Questions Answered
The equity benchmark indices snapped a four-session losing streak on Monday, October 5, 2026, with the Sensex rising 473 points and the Nifty gaining 134 points. This was driven by heavyweights like Reliance Industries, ICICI Bank, and ITC, alongside surges in capital market stocks and strong midcap performances.
HDFC Bank declined more than 2% as investors chose to book profits following the appointment of a new managing director and chief executive officer.
IT stocks failed to sustain their opening gains after Accenture's fourth-quarter results, placing pressure on the sector and causing stocks like HCLTech to fall 3% during the session.
