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Stock Market Surges As Sensex Jumps 450 Points And Nifty Rises 150 Points
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CNBC Awaaz•06-10-2026, 12:09
Stock Market Surges As Sensex Jumps 450 Points And Nifty Rises 150 Points
- •The Indian stock market surged strongly on Tuesday, with the Sensex jumping 450 points and Nifty rising 150 points to reach new intraday highs.
- •Brent crude dropped to 99 dollars per barrel, raising hopes for reduced import costs and relief from inflation for India.
- •India VIX fell by 5 percent, signaling lower market panic and reduced volatility expected by investors in coming days.
- •Banking and financial stocks witnessed strong buying, led by solid gains in Axis Bank and Kotak Mahindra Bank.
- •Trent shares surged nearly 10 percent following strong standalone revenue expectations for the September quarter.
Key Questions Answered
The Indian stock market surged following two major updates from abroad, including a sharp decline in Brent crude to $99 per barrel and a 5 percent fall in the India VIX.
Bank and financial indices rose by 0.6 to 1.1 percent, driven by quarterly updates showing growth in loans and deposits, with Axis Bank up 1.4 percent and Kotak Mahindra Bank up 3.8 percent.
The U.S. Nasdaq reached a record closing high after rising 1.05 percent, Asian markets like Japan's Nikkei gained 0.7 percent, and Trent surged nearly 10 percent on strong September quarter revenue expectations.
