Stock markets trade higher, led by bank stocks, Reliance Industries
Indian benchmark indices opened higher on Tuesday, October 6, 2026, extending the previous session’s gains as buying in banking counters and Reliance Industries, along with supportive global cues, lifted sentiment in early trade.
Early trade snapshot
The 30-share BSE Sensex rose 120.22 points to 72,535.41 in early deals, while the 50-share NSE Nifty added 47.15 points to 22,603.10. The uptick followed a firm close on Monday and came amid mild strength across key Asian markets.
Top movers
Among the 30 Sensex firms, Trent surged more than 11% in early trading. Kotak Mahindra Bank, Axis Bank, Hindustan Unilever, Reliance Industries and InterGlobe Aviation were also among the notable gainers, helping underpin the overall market advance.
On the downside, Tech Mahindra, ITC, Mahindra & Mahindra and Infosys were among the laggards, trimming some of the broader market’s early momentum.
Global cues and commodities
Asian equities provided a mildly supportive backdrop, with Japan’s Nikkei 225 and Hong Kong’s Hang Seng index trading in positive territory. Overnight, U.S. markets also ended higher on Monday, October 5, adding to the constructive tone at the open in India.
Crude oil prices were mixed but off recent highs, helping ease near-term concerns around imported inflation. Brent crude, the global benchmark, traded 0.16% higher at $100.5 per barrel. West Texas Intermediate (WTI) hovered in the $89–90 per barrel range after recent declines amid signs of improving crude shipments from West Asia.
Expert views
“Indian equity markets are expected to remain broadly steady, with easing crude prices providing some support to market sentiment. WTI crude is currently trading around the $89–90 per barrel range after oil prices declined amid signs of improving crude shipments from West Asia,” said Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm. He added that Asian markets trading marginally higher early Tuesday were offering a supportive global cue for Indian equities.
However, some risks lingered on the horizon. “Positive overnight cues from global equities should support the opening, although the rise in the U.S. 10-year Treasury yield to 5.31% could limit follow-through by keeping foreign flows and emerging-market valuations under pressure,” said Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a research analyst firm.
Flows and previous session
Foreign Institutional Investors (FIIs) remained net sellers at the start of the week, offloading equities worth ₹4,699.14 crore on Monday, October 5, according to exchange data.
On Monday, the Sensex had jumped 472.77 points, or 0.66%, to close at 72,382.47, while the Nifty gained 133.80 points, or 0.60%, to finish at 22,555.75, setting the stage for Tuesday’s follow-through gains.
Outlook
With crude prices off their recent peak and early support from Asian and U.S. markets, domestic equities opened on a firm note. Further direction may hinge on the durability of foreign flows in the face of higher U.S. bond yields, as well as sector-specific momentum in banks and index heavyweights such as Reliance Industries.
