Stock Market Today Highlights: Sensex Rallies 472 Points, Nifty 50 Settles Above 22,550; FMCG, Banks Lead

Sensex Ends At 72,382 Vs 72,312 At 3:15 PM

Sensex Sees A Spike Of 70 Points Due To CAS 

Nifty Settles At 22,556 At Vs 22,535 At 3:15 PM

Nifty Sees A Spike Of 20 Points Due To CAS 

Bank Nifty At 54,714 Vs 54,714 At 3:15 PM  

Nifty Midcap 150 At 21,755 Vs 21,734 At 3:15 PM  

Nifty Midcap 150 Sees A Spike Of 21 Pts Due To CAS

The Sensex rallied 472.77 points, or 0.66%, to close at 72,382.47, while the Nifty 50 settled 133.80 points, or 0.60%, higher at 22,555.75.

After shedding half a percent last week, the Indian rupee steadied as easing supply concerns pulled crude oil prices lower. Improving risk-on sentiment provided an additional cushion for the local currency, though all eyes will now be on the RBI's monetary policy decision and foreign capital flows. Looking ahead, spot USDINR is expected to consolidate between 95.95 and 96.50 in the near term, with a bias toward further gains, said Dilip Parmar, Research Analyst, HDFC Securities.

Indian equities are witnessing a relief rebound after eight consecutive weeks of losses, with the Sensex gaining 426 points to 72,336 and the Nifty rising 125 points to 22,547. The recovery is being supported by softer crude prices and reduced expectations of an aggressive US rate hike following weaker jobs data. However, the moderation from the day’s highs suggests investors remain cautious, particularly with elevated global bond yields, sustained foreign outflows and geopolitical risks still in play, said Vikram Kasat - Chief Business Officer – Advisory and Dealing at PL Capital. 

Financials, IT and consumer-facing stocks are providing support, while weakness in select IT and healthcare counters highlights the lack of broad-based conviction. Going ahead, investors should focus on earnings visibility and accumulate selectively on declines rather than chase the rebound, he added.

At 3:15 PM, the BSE Sensex was up 402.53 points, or 0.56%, at 72,312.23, while the Nifty 50 was at 22,535.45, higher by 113.50 points, or 0.51%. The Closing Auction Session is underway.

A maximum 25 basis point rate hike appears most likely at this meeting. This would bring the repo rate to 5.50%, aligning with economist consensus from major financial polls, said Ajitabh Bharti, Executive Director and Co-founder, CapitalXB.

The rationale is clear: India cannot pursue a one-to-one alignment with global rate trajectories. The RBI must balance currency stability and internal liquidity management without over-tightening into a still-moderate inflation environment. With inflation projected at 5.1% for FY27 and fiscal metrics under control, aggressive hiking would be unnecessary and potentially growth-damaging, he added.

The MPC's neutral stance since June 2026 signals caution rather than panic. A shallow, early tightening cycle—perhaps 25 bps now with data-dependent follow-ups—allows the RBI to maintain credibility while preserving growth momentum.

In essence, India's strong fiscal hand and contained inflation provide the RBI with the luxury of calibration, not capitulation to global tightening waves, he said.

After 8 consecutive weekly negative candles, the Nifty50 is heavily oversold and tested a key support zone last week. According to Monarch Networth Capital, the benchmark index has support at 21,800–22,000 level and resistance at 23,000–23,200 level, and after last week’s closing, is likely to give a short-term bounce toward immediate overhead resistance.

The Nifty Bank index has support at 52,800–53,300 and resistance at the 56,000-56,500 level and is likely to trade in line with the benchmark index in the coming week.

Nityas Gems and Jewellery IPO has been subscribed 1.82 times in total so far on October 5, the last day of the bidding process. The issue received bids for 2.63 crore equity shares as against 1.44 crore shares on the offer, NSE data till 2:45 PM showed.

The Retail Individual Investors (RIIs) segment has been booked 3.34 times, while the Non-Institutional Investors (NII) portion has been subscribed 1.54 times. The Qualified Institutional Buyers (QIBs) category received 84% subscription.

Vishal Nirmiti IPO has been subscribed 1.49 times in total so far on October 5, the last day of the bidding process. The issue received bids for 1.26 crore equity shares as against 84.71 lakh shares on the offer, NSE data till 2:40 PM showed.

The Retail Individual Investors (RIIs) segment has been booked 1.44 times, while the Non-Institutional Investors (NII) portion has been subscribed 1.16 times. The Qualified Institutional Buyers (QIBs) category received 1.03 times subscription. 

Silver prices rose 0.54% to Rs 2.27 lakh per kg in futures trade on Monday amid a firm global trend. On the Multi Commodity Exchange, the white metal for December delivery rose by Rs 1,223, or 0.54 per cent, to Rs 2,27,100 per kilogram in a business turnover of 2,295 lots. Fresh positions built by participants led to a rise in silver prices, analysts said. In the overseas market, silver futures rose 1.58 per cent to USD 61.31 per ounce. Meanwhile, crude oil prices fell by Rs 256 to Rs 8,660 per barrel in the futures trade on Monday amid weak global trends. On the MCX, crude oil futures for October delivery slipped by Rs 256, or 2.87 per cent, to Rs 8,660 per barrel in a business turnover of 12,220 lots.

Japanese investment company Sumitomo Corporation will acquire a 49% stake in a special purpose vehicle of domestic RE player Hero Future Energies for an undisclosed amount. The Special Purpose Vehicle (SPV) of Hero Future Energies (HFE) is developing a project of an approximately 500 MWp wind and solar power plant with a large-scale battery energy storage at Bidar, Karnataka, a statement said on Monday.

A strategic partnership has been signed with Sumitomo Corporation under which it will acquire a 49% stake in its project SPV, HFE said. The Hero Group company said it will retain the remaining 51% stake in the SPV. Nomura served as the financial advisor to Hero Future Energies in connection with the transaction. HFE did not disclose the transaction value.

"As India enters the next phase of its energy transition, partnerships such as the one with Sumitomo will play a critical role in bringing together capital and execution excellence to accelerate all round adoption of clean energy," said Rahul Munjal, Founder and Chairman, Hero Future Energies.

Jun Minase, General Manager, Overseas Energy Solution SBU of Sumitomo Corporation said, through this partnership, the company will strengthen its Renewable Energy (RE) business platform in India while pursuing new business opportunities that support the stable supply of RE.

Gold prices fell nearly 1 per cent to Rs 1.49 lakh per 10 grams in futures trade on Monday as a stronger US dollar kept a lid on bullion's recovery. On the Multi Commodity Exchange (MCX), the yellow metal for December delivery fell Rs 1,020, or nearly 1 per cent, to Rs 1,49,370 per 10 grams.

Gold had shed Rs 2,887, or 2 per cent, in a holiday-shortened last week, to end at Rs 1.5 lakh per 10 grams. Domestic commodity markets were closed on Friday on account of Mahatma Gandhi Jayanti. "Gold prices have remained in a consolidating phase as a stronger US dollar and elevated bond yields continue to limit upside momentum," said Kaveri More, Commodity Technical Analyst at Choice Broking.

The dollar index was hovering near an 18-month high of 102.37, keeping pressure on bullion, she added. In global markets, Comex gold futures for December delivery traded marginally higher at USD 4,163.50 per ounce in New York.

Gold is holding above USD 4,150 per ounce in overseas trade after briefly crossing USD 4,200 on Friday, supported by a weak US jobs report that cut October rate hike expectations by the Federal Reserve to below 20 per cent, said Akshat Siddhant, Lead Quant Analyst at investment platform Mudrex.

However, investors are still pricing a nearly 70% chance of a December hike, he said. Last week, gold in the international markets fell $158.9, or 3.7 per cent, to close at $4,162.3 per ounce, while silver dropped $4.38, or 6.7 per cent, to $60.41 per ounce.

According to Manav Modi, Commodities Analyst at Motilal Oswal Financial Services Ltd, bullion's recovery remains constrained by elevated US Treasury yields, with the 10-year yield holding around 5.2 per cent amid persistent inflation, fiscal concerns and heavy government borrowing.

"Gold therefore remains caught between cooling labour conditions and persistent yield and dollar pressures," Modi said. Analysts said investors closely tracking the Services PMI data from major economies, US trade figures and mid-month consumer sentiment data due later in the week will also provide cues, while the unresolved US-Iran situation could add another layer of volatility in precious metals.

The country's largest airline IndiGo on Monday announced a hike in fuel surcharge for domestic and international flights in the wake of rising jet fuel prices. The revised charges will be effective from October 6 and will push airfares higher.

The quantum of hike ranges from Rs 100 to Rs 350 for domestic flights depending on distance. The hike in surcharge has also been effected for international flights, the airline said in a statement.

IndiGo said the continuous rise in fuel prices, with the latest month-on-month increase exceeding 14 per cent, has taken ATF costs to levels that are amongst the highest in the last decade.

"Given that Aviation Turbine Fuel (ATF) makes up a significant share of airlines' operating costs, this rise is expected to impact airlines' cost structures and network economics, including those of IndiGo," the statement said.

In view of the situation, the airline said it has marginally re-calibrated its fuel charges across its domestic as well as international flights.

Japan's Nikkei share average posted a three-month closing high on Monday, driven by AI-related stocks after Wall Street's gains at the end of last week. The Nikkei rose 2.4% to 69,946.4, its highest close since July 1. The broader Topix rose 1.33% to 4,145.22. Australian shares closed slightly higher on Monday, with a rally in biopharmaceutical giant CSL boosting healthcare stocks in thin holiday trade. The benchmark S&P/ASX 200 index closed 0.1% higher at 8,686.40 points, after rising as much as 0.6% earlier in the session.

Market benchmark indices Sensex and Nifty rebounded in early trade on Monday, following a decline in crude oil prices and easing concerns over further Federal Reserve tightening at its October meeting. The 30-share BSE Sensex jumped 413 points to 72,315 in early trade. The 50-share NSE Nifty climbed 131.55 points to 22,554.20.

Later in the trade, the BSE benchmark surged 705.70 points to 72,594.57, and the Nifty jumped 187.30 points to 22,605.10.

From the 30 Sensex firms, Bajaj Finance, ITC, Bajaj Finserv, Larsen & Toubro, Axis Bank and State Bank of India were among the winners. Bharat Electronics, Sun Pharma, Infosys and Asian Paints were among the laggards.

Shares of Orient Cables (India) Ltd got listed with a premium of nearly 65 per cent against the issue price of Rs 272 on Monday.

The company's stock started trading at Rs 448.10, rising sharply by 64.74 per cent from the issue price on the BSE.

At the NSE, it listed at Rs 450, a premium of 65.44 per cent.

The company's market valuation was Rs 4,589.54 crore.

The initial share sale of Orient Cables India received 92.27 times subscription on the last day of bidding on Tuesday.

The Rs 552-crore IPO had a price band of Rs 258-272 per share.

Asian shares advanced Monday at the start of a busy week for US economic updates. Investors have been encouraged by easing worries over inflation, which reduces the likelihood of another rate hike by the Federal Reserve.

Japan's benchmark Nikkei 225 jumped 2.5 per cent in morning trading to 70,037.61. It was the benchmark's first foray above 70,000 points in three months. Australia's S&P/ASX 200 edged up 0.1% to 8,691.90. Hong Kong's Hang Seng was unchanged at 23,971.55.

Trading was closed in Shanghai and South Korea for national holidays. Interest in shares related to artificial intelligence drew buying interest. In Japan, Tokyo Electron gained 5.5 per cent and technology investment giant SoftBank Group's shares gained 3.3 per cent. Taiwan Semiconductor Manufacturing Co., or TSMC, climbed 2.6 per cent.

The overall market breadth turns sharply positive, with NSE seeing 2,065 advances against 821 declines, while 126 stocks remain unchanged. Among the sectors, Nifty PSU Bank index gains more than 2% to lead gains, while Nifty Metal and Nifty Realty rise more than 1% each. However, Nifty Pharma, Nifty Healthcare and few other indices slip into the red.
 

Sensex jumps 413 points to 72,315 in early trade; Nifty climbs 131.55 points to 22,554.20. Anand James, Chief Market Strategist, Geojit Investments Ltd. said on Nifty's technical outlook: "We are now in the close vicinity of a horizontal support region that is formed by 21743 and 22182, the reaction lows of 2025 as well as 2026 respectively, both seen in April months. This support region having helped reverse major downtrends in the last two occasions, encourages us to expect the same now. Alternatively, the break of this region would mark the end of the uptrend that has been on since Covid-19 and could expose 19000 and 16700, the 38 and 50% retracements respectively from covid low."

HDFC Bank, the largest private sector lender in India, reported its provisional business metrics for the second quarter of FY27, with a strong growth in advances and deposits. The bank's gross advances in the September quarter grew 16.3% to approximately Rs 32,19,500 crore from Rs 27,69,200 crore as of September 30, 2025.

Average advances under management, which are advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation / assignment, were Rs 31,87,200 crore for the September 2026 quarter, a growth of around 14.0% over Rs 27,94,600 crore for the corresponding September 2025 period.

Crude oil prices rose on Monday after Yemen's Iran-backed Houthis said they launched ballistic missiles and drones at Saudi Aramco sites in Riyadh and the Khurais area, raising concerns about production at the top exporter in the region. Brent crude futures, due for a December expiry, climbed 81 cents, or 0.79%, to $103.06 per barrel, while US West Texas Intermediate crude was at $91.57 a barrel, up 46 cents, or 0.50% in early trade on Oct. 5.

Yemen's Iran-aligned Houthi movement has claimed responsibility for a missile and drone attack on Saudi Arabia's energy infrastructure, saying it targeted an Aramco facility in Riyadh in retaliation for Saudi-backed military operations in Yemen. Houthi military spokesman Yahya Saree said the group launched long-range ballistic missiles and drones at the Saudi facility and described the operation as precise.

Gaurav Udani, Founder, Thincredblu Securities, on today's market outlook: "Nifty is expected to open around 22,535, up by nearly 115 points, indicating a strong gap-up start. After the recent weakness and the index closing around the important 22,500 zone, this recovery is encouraging, but sustaining the gains will be important.

The immediate support is around 22,450–22,500, while 22,750–22,850 will act as the first resistance zone. If Nifty sustains above 22,850, the recovery can extend towards 23,000. However,  I would avoid chasing the opening move and instead look for buying opportunities on dips if the index holds the key support zone.

The broader trend remains cautious, and a sustained move above 23,050 would be required for a meaningful improvement in the near-term setup. Until then, volatility and sharp intraday reversals cannot be ruled out."

Stock Market Today Live Updates: Hello and welcome to NDTV Profit's live coverage of stock market news today, with the top market directions in India, Asia Pacific and the West. From market signals to the most buzzing stocks in trade, we bring you all top developments from D-Street, global and Asian markets.

The trends on Gift Nifty also signal a positive start for the Indian benchmark indices, Nifty 50 and Sensex, today. The Gift Nifty was trading around 22,644 level, a premium of nearly 114 points from the Nifty futures' previous close. 

Stay tuned to NDTV Profit for all back-to-back live updates of the Indian stock market, trending stock calls, global indices and company announcements on Monday, Oct. 5, 2026.