India’s benchmark Sensex rose 685 points to 73,067.81 on October 6.
The Nifty gained 220 points to 22,776.10.
Crude oil fell below $100 a barrel.
The Reserve Bank of India announces its rate decision on Wednesday.
Markets largely price in a 25-basis-point hike.
Tech Mahindra, Titan, Bajaj Finance and ITC were among the losers, with the biggest fall at about 2.3%.
The market capitalisation of BSE-listed companies reached Rs 473.61 lakh crore.
Sentiment was helped by supportive global cues and a fall in Brent crude to below $100 a barrel, according to Business Today.
Strong Q2 business updates from Honasa Consumer, Meesho, Trent and Dabur also supported investor confidence.
The Reserve Bank of India’s Monetary Policy Committee announces its decision on Wednesday, October 7, at 10 am.
Markets largely price in a 25-basis-point increase in the repo rate, which would be the first rate hike since 2023.
The MPC has kept the repo rate unchanged at 5.25% in its last four policy reviews, after cumulative cuts of 125 basis points in 2025.
A Business Standard poll found that eight of 10 respondents expected a hike, with inflation at 4.82% and a weak rupee in the background.
Analysts cited by Business Today see the 22,600 to 22,400 zone as key near-term support for the Nifty and resistance around 23,000 to 23,200.
Geopolitical tensions and the prospect of US rate hikes remain concerns for emerging markets, according to the same report.
The Sensex is the 30-share index of the BSE, and the Nifty 50 is the benchmark index of the NSE.
The Sensex ended 685.34 points, or 0.95%, higher at 73,067.81 on Tuesday, October 6, 2026.
The Nifty gained 220.35 points, or 0.98%, to settle at 22,776.10.
It was the second straight session of gains for both benchmarks, according to Business Standard and HDFC Sky.
Bombay Stock Exchange building, Mumbai (file image), Wikimedia Commons, CC BY 2.0
