Stories
Indian Equities Extend Gains: Sensex Surges 685 Points and Nifty Reclaims 22,700
- •Indian equity indices extended their pullback for the second consecutive session, with the Sensex gaining 685.34 points to close at 73,067.81 and the Nifty rising 220.35 points to end above 22,700 at 22,776.10.
- •The market rally was supported by broad-based buying, easing crude oil prices, and reduced concerns over aggressive US monetary tightening.
- •Broader market indices also performed positively, with the Nifty Midcap index rising 1 percent and the Smallcap index adding 1.5 percent.
- •Key gainers among individual stocks included Trent, Kotak Mahindra Bank, HUL, and Jio Financial, while major losers featured Coal India, Tech Mahindra, and Infosys.
- •Investors remain focused on the upcoming Reserve Bank of India monetary policy decision, which is expected to bring further direction and potential market volatility.
Key Questions Answered
At the market close on October 6, 2026, the Sensex climbed 685.34 points or 0.95 percent to finish at 73,067.81. Meanwhile, the Nifty advanced by 220.35 points or 0.98 percent to reclaim the 22,700 mark, ending the session at 22,776.10.
Major Nifty gainers included Trent, Kotak Mahindra Bank, HUL, HDFC Life, and Jio Financial. On the sectoral front, indices like Nifty Bank, Consumer Durable, Energy, Infra, Media, FMCG, Metal, Pharma, Oil & Gas, Private Bank, and Telecom posted gains between 0.5 and 2 percent.
According to Shrikant Chouhan of Kotak Securities, 22,600/72,500 will serve as a critical support zone, and as long as the market stays above it, the pullback is expected to continue toward 22,950–23,000/73,300–73,500. Nagaraj Shetti of HDFC Securities noted that Nifty faces overhead resistance near the 23,000 level.
