The Sensex and Nifty50 indices rose for the second consecutive session on October 5, 2026, driven by improved investor sentiment after crude oil prices fell below the $100 per barrel mark. This decline in oil prices helped ease supply concerns and boosted market confidence.
- Sensex surged 685 points to close at 73,068.
- Nifty50 climbed 220 points to close at 22,776.
- Brent crude futures dropped below $100 per barrel after G7 countries released emergency oil reserves.
- Top gainers included Reliance Industries, Kotak Mahindra Bank, Trent, and Bharti Airtel.
- RBI's Monetary Policy Committee is expected to raise interest rates soon.
Why Did Sensex and Nifty50 Rise on October 5, 2026?
The main reason for the rise in the Sensex and Nifty50 was the drop in crude oil prices below the psychological level of $100 per barrel. Brent crude futures for December delivery fell as much as 2.4% to $97.91 per barrel. This happened after the G7 countries decided to release 100 million barrels of crude oil and petroleum products from their emergency reserves. This move helped ease fears about oil supply shortages, which positively affected investor sentiment.
Which Stocks Led the Market Rally?
Several major companies contributed to the market gains. Reliance Industries, Kotak Mahindra Bank, Trent, Bharti Airtel, HDFC Bank, Axis Bank, ICICI Bank, and Eternal were among the top movers in the Sensex. Trent was the top gainer in the Nifty50, rising 12.64% to ₹2,906 after reporting strong quarterly results. The company’s standalone revenue from operations increased by 23% year-on-year to ₹5,788 crore in the September quarter.
What Was the Market Trend Across Sectors?
Buying interest was broad-based, with 12 out of 15 major sector indices on the National Stock Exchange closing higher. The Nifty Pharma index led with a 1.6% gain. Other sectors such as Oil & Gas, Private Banks, Metals, FMCG, Financial Services, and Banks also saw gains ranging from 0.76% to 1.58%. However, IT, realty, and some PSU banking shares faced selling pressure. The broader markets also performed well, with the Nifty Midcap 100 rising 1.08% and the Nifty Smallcap 100 climbing 1.6%.
What Are the Expectations from RBI’s Monetary Policy Committee?
The Reserve Bank of India's Monetary Policy Committee is scheduled to announce its interest rate decision soon. Economists and bankers expect a rate hike of at least 25 basis points due to rising inflationary pressures and a hawkish stance by global central banks. This would be the first rate increase since February 2023, when the repo rate was raised to 6.50%. Currently, the repo rate stands at 5.25%, after a period of unchanged rates and an easing cycle beginning in 2025.
How Did Other Key Stocks Perform?
Kotak Mahindra Bank gained 3.8% after reporting a 24.7% increase in net advances to ₹5.77 lakh crore and a 13.7% rise in deposits to ₹6.51 lakh crore for the September quarter. Other notable gainers included Nestle India, Hindustan Unilever, Jio Financial Services, Asian Paints, HDFC Life, SBI Life, and InterGlobe Aviation, with increases between 2.34% and 3.42%. On the downside, Coal India, Tech Mahindra, Max Healthcare, Tata Motors PV, UltraTech Cement, Apollo Hospitals, ITC, Titan, Infosys, and Shriram Finance were among the top losers.
What Was the Overall Market Breadth?
The market breadth was positive, with 2,455 shares closing higher and 1,125 shares closing lower on the NSE. This indicates broad-based buying interest across the market.
