Indian Stock Market Wrap: Sensex Surges 685 Points as Crude Oil Cools Below $98/bbl
Indian benchmark equity indices extended their rally for a second straight session on Tuesday, October 6, 2026. Lower international crude oil prices and cooling market volatility bolstered investor confidence, triggering a sharp afternoon surge led by retail, financial, and consumer staples counters.
At the closing bell, the BSE Sensex surged 685.34 points (+0.95%) to settle at its intraday high of 73,067.81. Concurrently, the NSE Nifty 50 rallied 220.35 points (+0.98%) to finish at 22,776.10, comfortably holding above the 22,700 technical threshold. The India VIX dropped 7.93% to 13.56, reflecting an easing of near-term hedging demand ahead of the upcoming Reserve Bank of India policy decision.
Market Snapshot
| Benchmark Index | Closing Level | Absolute Change | Percentage Change |
| BSE Sensex | 73,067.81 | +685.34 | +0.95% |
| NSE Nifty 50 | 22,776.10 | +220.35 | +0.98% |
| Nifty Chemicals | — | — | +1.98% |
| India VIX | 13.56 | -1.17 | -7.93% |
Top Nifty 50 & Broader Market Gainers & Losers
Top Gainers
- Trent Ltd: ₹2,906.00 (+12.64%) — Spearheaded market gains following strong business update metrics and high retail footfalls.
- BSE Ltd: ₹3,305.00 (+3.94%) — Rallied sharply amid robust capital market transaction volume forecasts.
- Kotak Mahindra Bank: ₹431.90 (+3.82%) — Led private banking gains on strong credit accumulation expectations.
- Nestle India Ltd: ₹1,341.40 (+3.42%) — Advanced as input cost relief boosted consumer staples sentiment.
- Hindustan Unilever: ₹1,890.50 (+2.83%) — Extended upside momentum alongside defensive FMCG heavyweights.
Top Losers
- Coal India Ltd: ₹411.65 (-3.16%) — Dragged PSU counters lower on profit-booking across energy producers.
- Tech Mahindra: ₹1,504.50 (-2.04%) — Slipped as selective IT exporters saw cautious pre-earnings position trimming.
- Max Healthcare Institute: ₹902.50 (-1.58%) — Extended recent losses due to ongoing regulatory scrutiny on healthcare markups.
- ITC Ltd: ₹265.35 (-1.32%) — Eased following rotational profit-booking after previous session gains.
- Infosys Ltd: ₹1,009.10 (-1.12%) — Capped tech index upside following institutional liquidations.
Key Market Drivers
- Softening Energy Costs: Brent crude oil futures dropped over 2.4% toward $97.91 per barrel, offering crucial margin relief to domestic consumption sectors.
- Private Banks & Chemicals Rally: Broad-based buying across Nifty Chemicals (+1.98%), Pharma, and Private Banks provided a firm pillar of support for headline benchmarks.
- Focus on RBI Policy: Investors selectively accumulated quality blue-chips while awaiting monetary policy guidance on liquidity measures and inflation trends.
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Rupee at Close
6th Oct, 2026
Indian rupee ended 12 paise lower at 96.42 per dollar on Tuesday versus previous close of 96.30.
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FII’s & DII’s Activity on 6th Oct, 2026
Net value in crores
| BUY | SELL | |
| DII | 5,088.92 | |
| FII | 2,961.30 |
Source : NSE
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