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Nifty Surges Above 22,700 on Expiry Day as Trent and Kotak Bank Rally
M
Moneycontrol•06-10-2026, 15:01
Nifty Surges Above 22,700 on Expiry Day as Trent and Kotak Bank Rally
- •The Sensex surged nearly 600 points and the Nifty gained 100 points to move above 22,700 on expiry day.
- •Market breadth remained strong with a 2:1 advance-decline ratio, while the VIX fell by 7%.
- •Trent and Godrej Consumer shares jumped following strong Q2 business updates and revenue growth.
- •Kotak Mahindra Bank shares rose on strong Q2 advances and deposit growth, backed by positive views from Citi and Goldman Sachs.
- •Investors are closely watching the upcoming RBI policy outcome tomorrow, with markets estimating a 25-basis-point rate hike.
Key Questions Answered
The Nifty extended its rebound on expiry day, moving above the 22,700 mark with a 100-point gain, while the Sensex surged nearly 600 points.
Trent, Kotak Mahindra Bank, and HUL emerged as the top gainers on the Nifty 50. Trent surged following multi-quarter-high revenue growth, and Godrej Consumer gained on a strong Q2 update.
Market participants are closely eyeing the RBI policy outcome scheduled for the next day, with current estimates pointing toward a 25-basis-point rate hike.
