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EQUITY
Post Session: Quick Review
Oct-06-2026

Indian equity markets ended higher on Tuesday and extended gains for the second consecutive session, with the indices ending firmly in positive territory. Markets made a positive start of the day and maintained the firm rally till the end of the session, amid positive global cues.

Easing concerns over oil supplies helped both indices, Sensex and Nifty, to end near their intraday high points. The up move was also supported by renewed buying interest in banking and financial stocks, along with strength in telecom counters. Trent emerged as a standout performer after a strong quarterly business update. 

Some of the important factors in trade:

World Bank raises India’s economic growth forecast to 7.1% for FY27: The World Bank in its latest October economic update has raised India’s economic growth forecast to 7.1 per cent for fiscal year 2026-27 (FY27) from 6.6 per cent forecasted in April, supported by robust domestic demand and strong exports, despite global headwinds.

India’s services sector strengthens in September on improving demand conditions: According to the survey report, the seasonally adjusted HSBC India Services PMI Business Activity Index rose to 55.2 in September from 54.1 in August. Besides, the HSBC India Composite PMI Output Index -- which measures both manufacturing and services -- also increased from 54.3 in August to 55.9 in September.

India-US trade talks reach ‘plateau’, limited room for further concessions: Finance Minister Nirmala Sitharaman has said that negotiations for the India-US trade agreement are still underway, but both sides appear to have reached a 'plateau', with limited room for further concessions from either side.

Auto stocks remain in watch: Federation of Automobile Dealers Associations (FADA) said that the automobile retail sales in India increased 31.82 per cent year-on-year to a record 25,36,920 units in September 2026 helped by festive demand and a low base.

Firm global cues: European markets were trading higher, while Asian markets ended mostly higher, following the broadly positive cues from Wall Street overnight, amid declining crude oil prices on signs of increasing supply from the Middle East to pre-war levels despite continued risks to shipping.

The BSE Sensex ended at 73067.81, up by 685.34 points or 0.95% after trading in a range of 72384.83 and 73067.81. There were 17 stocks advancing against 13 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Telecom up by 2.33%, Capital Goods up by 1.79%, Industrials up by 1.62%, FMCG up by 1.57% and Oil & Gas up by 1.21%, while IT down by 0.34% and Realty down by 0.26% were the only losing indices on BSE. (Provisional)

The top gainers on the Sensex were Trent up by 12.82%, Kotak Mahindra Bank up by 3.75%, Hindustan Unilever up by 2.81%, Reliance Industries up by 2.58% and Axis Bank up by 2.10%. On the flip side, Tech Mahindra down by 2.50%, ITC down by 1.58%, Infosys down by 1.48%, Bajaj Finance down by 1.25% and Titan Company down by 1.21% were the top losers. (Provisional)

Meanwhile, Minister of State for Chemicals and Fertilisers Anupriya Patel has asked states and the industry to participate in the 'Bhavya Rasayan' scheme to establish three dedicated greenfield chemical parks. She added that a total investment of at least Rs 4,500 crore will be made to set up these three chemical parks, with a central grant of Rs 1,000 crore per park for common infrastructure facilities and basic utilities. She said that the scheme is not just infrastructure programme, but an attempt to create an environment in which the chemicals and the petrochemical industry can innovate, invest and expand. 

Emphasizing the importance of boosting domestic manufacturing capacity and reducing imports amid rapidly evolving geopolitical situation and immense disruption in the global trade and supply chains, she has stressed on enhancing country’s domestic capabilities and making the country a reliable partner for the rest of the world. Highlighting chemicals and petrochemicals sector’s importance, she noted that the sector is a very integral constituent of Indian economy, contributing around 1% to the country's GDP. She added that India has a huge presence of in both large-scale industries and the MSMEs in the sector. She also noted that the government is giving priority to this sector, which currently has a market size of $230 billion and the target is to reach $1 trillion by 2040.

Moreover, Patel has stressed the need to increase investments in Research and Development (R&D) activities to innovate new products and technologies. Comparing India’s R&D spending with other global players, she said that between 2012 and 2022, the global spending on R&D has gone up from $38 billion to $71 billion dollar, while India's share is quite small at around 3%. She noted that the priority sector designation will allow the sector to be covered under the new Research Development Innovation Scheme, the RDIS scheme, which has an outlay of about Rs 1 lakh crore. Also, the government is exploring some incentive for import substitution and asked the industry to send its recommendation.

The CNX Nifty ended at 22776.10, up by 220.35 points or 0.98% after trading in a range of 22561.60 and 22776.10. There were 32 stocks advancing against 18 stocks declining on the index. (Provisional)

The top gainers on Nifty were Trent up by 12.64%, BSE up by 3.94%, Kotak Mahindra Bank up by 3.82%, Nestle India up by 3.42% and Hindustan Unilever up by 3.09%. On the flip side, Coal India down by 3.16%, Tech Mahindra down by 2.04%, Max Healthcare Institute down by 1.58%, Tata Motors Passenger down by 0.99% and Ultratech Cement down by 0.92% were the top losers. (Provisional)

European markets were trading higher; UK’s FTSE 100 increased 85.06 points or 0.81% to 10,583.00, France’s CAC rose 43.3 points or 0.55% to 7,877.40 and Germany’s DAX gained 216.79 points or 0.86% to 25,471.00.

Asian markets settled mostly higher on Tuesday as Brent crude prices dipped below $100 per barrel after reports suggested that Middle East crude exports are recovering toward pre-war levels, while pressure from a stronger American currency and elevated US Treasury yields was also offset by reduced chances of an October rate hike by the Federal Reserve. Japanese market gained tracking Wall Street’s strong performance overnight. Meanwhile, Chinese markets were closed for the National Day Golden Week holiday and are scheduled to reopen on October 8, 2026.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

--

--

--

Hang Seng

24,280.56

240.22

1.00

Jakarta Composite

6,192.93

74.07

1.21

KLSE Composite

1,633.35

1.60

0.10

Nikkei 225

70,683.98     

737.12

1.05

Straits Times

5,701.54

37.21

0.66

KOSPI Composite

6,941.39

-62.35

-0.89

Taiwan Weighted

49,822.55

110.51

0.22
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