The Sensex surged 685.34 points, or 0.95%, to close at 73,067.81 on 6 October 2026, while the Nifty 50 rose 220.35 points, or 0.98%, to settle at 22,776.10, as Indian equities extended their recovery ahead of the Reserve Bank of India’s policy decision on Wednesday. All broad market indices ended in positive territory.
Market breadth favoured gainers, with 2,685 stocks advancing against 1,495 declining, according to HDFC Sky’s close report. ANI reported that Nifty Chemicals led sector gains at 1.98%, followed by oil and gas, pharma, private banks, FMCG and healthcare.
Why Did the Sensex and Nifty Rise on 6 October?
HDFC Sky attributed the rally to strong Q2 business updates, softer crude oil prices and positive global cues, noting that Asian markets largely gained after Wall Street ended higher. Trent led large-cap gainers, jumping 12.4% after reporting 23% year-on-year revenue growth for the second quarter. Kotak Mahindra Bank rose 3.8% and Axis Bank climbed 2.1% on deposit and advance figures. Other top gainers included Hindustan Unilever, Reliance Industries, IndiGo and Asian Paints.
Which Stocks and Sectors Lagged?
Tech Mahindra, Titan, ITC, Infosys and TCS were among the top losers. The Nifty IT index fell 0.6%, the realty index lost 0.7% and the PSU Bank index slipped 0.3%.
What Do Analysts Say About the Recovery?
Vipin Dixena called the recovery “encouraging” but described it as a “relief recovery rather than a confirmed trend reversal,” pointing to crude oil prices, rupee weakness and continued foreign investor outflows as headwinds. ANI reported the rupee near 96.4 per dollar and Brent crude near $98.64 a barrel; HDFC Sky put Brent close to $100. Technically, support was cited at 22,500-22,550 and resistance at 22,700-22,800, with a breakout above 22,800 targeting 23,000.
Market and Trade Reaction: Institutional Flows
Foreign institutional investors remained net sellers for a seventh straight session, withdrawing ₹4,699 crore, while domestic institutional investors bought equities worth ₹5,182 crore, per HDFC Sky.
What Happens Next?
Investors now turn to the RBI’s monetary policy announcement on 7 October 2026. Sources differ on expectations, with some outlets expecting the repo rate, currently 5.25%, to be held and one reporting that markets price in a 25-basis-point hike, so traders should wait for the official decision. Foreign flows, crude oil and the rupee remain the key variables to watch.
Frequently Asked Questions
Where did the Sensex and Nifty close on 6 October 2026?
The Sensex closed at 73,067.81, up 685.34 points, and the Nifty 50 settled at 22,776.10, up 220.35 points.
Which sector led the market gains?
Nifty Chemicals led with a 1.98% gain, followed by oil and gas, pharma, private banks, FMCG and healthcare, according to ANI.
When is the next RBI policy decision?
The Reserve Bank of India is due to announce its monetary policy decision on Wednesday, 7 October 2026.
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