{
  "id": 12136187,
  "title": "Indian shares rise as oil, Fed fears ease; financials gain on Q2 updates",
  "url": "https://urgent.news/2026/10/05/indian-shares-rise-as-oil-fed-fears-ease-financials-gain-on-q2-updates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T10:45:42.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40442720/indian-shares-rise-as-oil-fed-fears-ease-financials-gain-on-q2-updates"
  },
  "original_language": "en",
  "account": "On Monday, Indian shares rose following a 25-year-long weekly losing streak, aided by falling oil prices and reduced fears of aggressive U.S. monetary tightening. The Nifty 50 index increased by 0.60% to 22,555.75, while the Sensex climbed 0.66% to 72,382.47. Over the past eight weeks, India's blue-chips had slipped, driven by record foreign selling, high oil prices, and soaring global bond yields. However, market sentiment improved as softer-than-expected U.S. jobs data lessened the likelihood of a Federal Reserve rate hike later in the month, offering a respite to emerging-market assets. A decrease in crude prices also contributed to the positive shift. Kruti Shah, a quant analyst at Equirus Securities, noted that Indian markets are at a \"crossroads\" with domestic liquidity facing a tough global macro environment. Of the 16 major sectors, 13 posted gains while small-caps and mid-caps rose by 0.5% and 0.7%, respectively. Financials, including banks and lenders, led the surge after strong quarterly business updates. Bajaj Finance surged 2.3% after reporting an 11% year-on-year increase in new loans in the September quarter. Punjab National Bank climbed 2.5% following a 14.8% growth in global advances in the same period. Bank of Baroda gained 0.9% after announcing an 18% rise in quarterly advances. Mahindra & Mahindra Finance added 2% after its non-bank lender disclosed a 22% jump in overall disbursements in the September quarter, according to its business update. ITC, a consumer goods company, led the fast-moving consumer goods index with a 1.8% increase after Citi upgraded its rating to \"buy\" from \"sell.\" Nykaa's parent company, FSN E-Commerce, rose 4.5% after projecting robust revenue growth in the September quarter, citing success in the fashion and beauty sectors.",
  "summary": "Indian shares advanced on Monday after their longest weekly losing streak in 25 years, supported by a pullback in oil prices and easing concerns over aggressive US monetary tightening. The Nifty 50 rose 0.60% to 22,555.75, while the Sensex gained 0.66% to 72,382.47. India’s blue-chips have fallen for eight straight weeks through Friday, pressured by record foreign selling, elevated oil prices and…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}