Business EconomyPosted at: Oct 6 2026 6:28PM


Stock Markets extend gains, Nifty reclaims 22,700 mark

New Delhi, Oct 6 (UNI) Indian Stock Markets on Tuesday extended their pullback for the second consecutive session. Nifty reclaimed the 22,700 mark and the Sensex gained over 600 points. The markets movement was supported by broad-based buying and positive global cues.
At close, the Sensex was up 685.34 points or 0.95 percent at 73,067.81, and the Nifty was up 220.35 points or 0.98 percent at 22,776.10. Nifty Midcap index rose 1 percent and Smallcap index added 1.5 percent.
Among the sectors, Nifty Realty Index fell 0.7%, Nifty IT index shed 0.6% and Nifty PSU Bank index declined 0.3%. On the other hand, Nifty Bank, Consumer Durable, Energy, Infra, Media, FMCG, Metal, Pharma, Oil & Gas and Private Bank, Telecom up 0.5-2%.
On Nifty, the major gainers were Trent, Kotak Mahindra Bank, HUL, HDFC Life, Jio Financial while losers were Coal India, Tech Mahindra, Max Healthcare, ITC and Infosys.
More than 100 stocks touched 52-week low, including Max Healthcare, IOC, Bharti Hexacom, Bikaji Foods, Bombay Burmah, Max Financial, NSDL, IOC, Avenue Supermarts, among others.
Among individual stocks, Dabur India shares rose nearly 3% on double-digit growth, IndusInd Bank rose nearly 3% after Q2 business data while Trent shares surged 12%. Share price of Axis Bank gained 2%.
Indian rupee ended 12 paise lower at 96.42 per dollar on Tuesday versus previous close of 96.30.
Vinod Nair, Head of Research, Geojit Investments Limited said, "Crude oil prices slipped below the $100 mark after a large G7 stockpile release and alternative supplies through pipelines helped offset disruptions to vessel movements through the Strait of Hormuz. Coupled with strong Q2 business updates from financials and retail along with supportive global cues, the decline in oil prices improved investors' sentiment and supported a rebound from the oversold levels."
"Domestically, attention now shifts to the Q2 earnings season for silver lining amidst weak sequential expectations due to elevated input costs. Large-cap stocks remain relatively better placed, supported by attractive valuations and a stronger ability to absorb cost pressures. Investors also remain cautious ahead of the RBI policy decision, with the focus firmly on the central bank's inflation outlook and guidance on further policy tightening."UNI VK AAB
Tags: #Stock Markets extend gains# Nifty reclaims 22#700 mark
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