India's Sensex and Nifty closed higher for a second straight session on Tuesday as crude oil fell below $100 a barrel, easing pressure on sentiment. Bank stocks and Reliance Industries led the advance, while Asian and European markets mostly traded higher alongside Wall Street.
Indian benchmark indices extended their rebound on Tuesday, October 6, 2026, as a drop in crude oil prices below the $100-per-barrel mark combined with buying in bank stocks and Reliance Industries to lift sentiment. The rally marked the second consecutive day of gains for both gauges.
Sensex and Nifty extend their rebound
The 30-share BSE Sensex jumped 685.34 points, or 0.95%, to settle at 73,067.81. The 50-share NSE Nifty climbed 220.35 points, or 0.98%, to end at 22,776.10. Trent led the gains among Sensex constituents, surging 12.78%, with Kotak Mahindra Bank, Hindustan Unilever, Reliance Industries, InterGlobe Aviation, Eternal and Asian Paints also among the winners.
Tech Mahindra, Titan, Bajaj Finance and ITC were among the laggards. The session built on Monday's advance, when the Sensex jumped 472.77 points, or 0.66%, to settle at 72,382.47. The Nifty climbed 133.80 points, or 0.60%, to end at 22,555.75 that same day.
Falling crude eases macro pressure
Brent crude, the global oil benchmark, tanked 1.70% to $98.59 per barrel, according to the report. Ponmudi R, CEO of online trading and wealth-tech firm Enrich Money, said the retreat in oil prices eased some of the macroeconomic pressure that had been weighing on sentiment, helping extend the rebound into a second session.
Foreign institutional investors offloaded equities worth ₹4,699.14 crore on Monday, according to exchange data.
Asian and global markets mostly higher
In Asian trading, Japan's Nikkei 225 and the Hang Seng index ended in positive territory, while South Korea's Kospi quoted lower. Markets in Europe were trading higher, and U.S. markets had ended higher on Monday.
Source: The Hindu
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