Markets snap eight-week losing streak; Financials lead, Healthcare and IT drag
The Nifty 50 opened at 22,532.40, against a previous close of 22,421.95, and was trading at 22,544.50, up 122.55 points or 0.55%, as of 9.25 am
Benchmark indices began the trading day on October 5, 2026 with a higher opening, marking the end of an eight-week losing streak. The Nifty 50 opened at 22,532.40, up 0.55 percent, while the Sensex opened at 72,340.95, up 0.63 percent. Financial stocks, particularly Bajaj Finance and Shriram Finance, led the rally. Other sectors such as healthcare and IT experienced declines, led by Apollo Hospitals, Max Healthcare, and Cipla, among others.
The RBI's Monetary Policy Committee meeting, starting on October 7, is the primary driver for market movements, with a 25-basis-point rate hike being the key expectation. Rising crude oil prices, geopolitical tensions, and foreign institutional investor activities also influenced the market sentiment.
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