Stock markets trade higher, led by bank stocks, Reliance Industries
Of the 30 Sensex firms, Trent surged over 11%. Kotak Mahindra Bank, Axis Bank, Hindustan Unilever, Reliance Industries and InterGlobe Aviation were also among the winners
On Tuesday, October 6, 2026, India's stock markets opened on a positive note, with the Sensex and Nifty both climbing higher. The benchmark indices were aided by strong performance in bank stocks, as well as investments in Reliance Industries. The 30-share BSE Sensex rose 120.22 points to reach 72,535.41, while the 50-share NSE Nifty gained 47.15 points to 22,603.10.
Among the 30 companies comprising the Sensex, Trent experienced a surge of over 11%. Other notable gainers included Kotak Mahindra Bank, Axis Bank, Hindustan Unilever, Reliance Industries, and InterGlobe Aviation. On the other hand, Tech Mahindra, ITC, Mahindra & Mahindra, and Infosys were among the underperformers.
Experts suggest that Indian equity markets are expected to maintain a steady trend, with easing crude prices providing some support. Oil prices, particularly WTI crude, were trading around the $89–90 per barrel range, following a decline in global oil markets due to improved crude shipments from West Asia.
Analysts like Ponmudi R, CEO of Enrich Money, and Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, noted that Asian markets were trading marginally higher in early trade, offering a mildly supportive global cue for Indian equities. However, the rise in the U.S. 10-year Treasury yield to 5.31% might limit further gains, as it could pressure foreign flows and emerging-market valuations.
Written by urgent.news from The Hindu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
