{
  "id": 12359911,
  "title": "Indian shares extend gains ahead of RBI rate decision",
  "url": "https://urgent.news/2026/10/06/indian-shares-extend-gains-ahead-of-rbi-rate-decision",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T10:49:25.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40442903/indian-shares-extend-gains-ahead-of-rbi-rate-decision"
  },
  "original_language": "en",
  "account": "Indian stocks continued to climb on Tuesday, propelled by major banks and fashion retailer Trent, as they reported positive business updates and buoyant global market cues ahead of the Reserve Bank of India's (RBI) crucial rate decision. The Nifty 50 index climbed 0.98% to 22,776.10, while the Sensex increased 0.95% to 73,067.81. These gains followed a steep 0.6% drop in the previous session, after the markets endured their longest weekly decline in 25 years through Friday. Kranthi Bathini, director of equity strategy at Wealthmills Securities, attributed the market rebound to the improved domestic economic outlook, as evidenced by banks' quarterly updates, particularly credit and deposit growth.\n\nThe central bank's policy rate decision on Wednesday, coupled with Tata Consultancy Services' (TCS) quarterly earnings on Thursday, are the key catalysts for market movements in the near term. Analysts anticipate a 25-basis-point rate hike and expect market sentiment to focus on any further tightening signals. Out of the 16 major sectors, fourteen rose, while small-caps and mid-caps gained 1.6% and 1.1%, respectively. Financials, banks, and private bank index showed gains ranging from 0.75% to 1.5%, with Axis Bank rising 2.1% and Kotak Mahindra Bank surging 3.8%.\n\nReliance Industries led the pack, surging 2.7% and adding to its 4.3% gain over two sessions. The surge was fueled by the anticipated listing of Jio Platforms later this month and Jefferies' increased weighting in its India portfolio. Other notable gainers included Trent (12.6%), Dabur India (2.7%), and Godrej Consumer (4.2%). Meanwhile, Brent crude futures fell about 2% to trade below $100 a barrel, as increased Middle East oil exports and a G7 pledge to raise supplies dampened energy prices. Asian and European stocks also advanced on the day, while global bond yields retreated from multi-decade highs hit in the previous session.",
  "summary": "Indian shares extended gains on Tuesday, led by banks and fashion retailer Trent, which advanced on positive business updates, as supportive global cues aided sentiment ahead of a key central bank policy decision a day later. The Nifty 50 rose 0.98% to 22,776.10, while the Sensex gained 0.95% to 73,067.81. The indexes gained about 0.6% in the previous session, after logging their longest weekly…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
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        "url": "https://urgent.news/2026/10/06/from-growing-demand-for-ai-to-premium-upgrades-amazon-india-reveals",
        "published": "2026-10-06T08:36:10.000Z"
      }
    ]
  },
  "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."
}