HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Markets hold gains in late afternoon session
Oct-06-2026

Benchmarks continued to trade firmly in the late afternoon session as Brent crude oil prices retreated below the $100-a-barrel mark, easing inflationary concerns. The increased crude export from West Asian suppliers and G7’s commitment to release 100 million barrels of crude oil have cooled off the surge in oil prices. Investors remained optimistic after World Bank in its latest October economic update has raised India’s economic growth forecast to 7.1% from 6.6% forecasted in April, supported by robust domestic demand and strong exports, despite global headwinds. 

Both Senex and Nifty were trading with gains of over six tenth of a percent, supported by strong gains in Reliance Industries, Kotak Mahindra Bank and Trent. Trent was up 12.35% after the company reported standalone revenue from operations at Rs 5,788 crore (excl. GST) for the Q2 FY27 as against Rs 4,724 crore (excl. GST) in Q2 FY26, a year-on-year growth of 23%.

On the global front, Asian equity markets were trading mostly in green tracking gains on Wall Street overnight. European equity markets were trading higher as cooler than expected US jobs data eased worries over US Fed rate hike this month and trader shifted their focus on quarterly earnings. 

The BSE Sensex is currently trading at 72848.34, up by 465.87 points or 0.64% after trading in a range of 72384.83 and 72983.69. There were 18 stocks advancing against 12 stocks declining on the index.

The top gaining sectoral indices on the BSE were Telecom up by 2.17%, Capital Goods up by 1.61%, FMCG up by 1.30%, Industrials up by 1.29% and Power up by 1.13%, while IT down by 0.75%, Realty down by 0.50% and TECK down by 0.04% were the only losing indices on BSE.

The top gainers on the Sensex were Trent up by 12.35%, Kotak Mahindra Bank up by 4.19%, Reliance Industries up by 2.36%, Hindustan Unilever up by 2.29% and Axis Bank up by 2.13%. On the flip side, Tech Mahindra down by 2.30%, Titan Company down by 1.33%, Infosys down by 1.26%, Bajaj Finance down by 1.17% and ITC down by 1.17% were the top losers.

Meanwhile, Federation of Automobile Dealers Associations (FADA) has said that the automobile retail sales in India increased 31.82 per cent year-on-year to a record 25,36,920 units in September 2026 helped by festive demand and a low base.

Segment-wise, FADA said passenger vehicle (PV) retail sales in India rose a robust 32.1 per cent year-on-year to 4,27,213 units in September. Two-wheeler sales rose 33.08 per cent year-on-year to 17,90,188 units in September 2026 as against 13,45,153 units in September 2025. Three-wheeler sales stood at 1,32,570 units, up 22.25 per cent from 1,08,444 units in the year-ago period. At the same time, commercial vehicle sales grew 37.62 per cent year-on-year at 1,03,557 units in September 2026, crossing the one-lakh mark in September for the first time. 

FADA President Sai Giridhar said ‘September 2026 was the best-ever September in Indian auto retail, with the industry registering 25,36,920 units, up 31.82 per cent  year-on-year, which is the most base distorted print of the year -- a mirror of last September, when buyers deferred purchases in the week before GST 2.0 took effect on September 22, 2025.’ He also said ‘it was the best-ever September across five of the FADA's six categories and, with it, the best-ever first half of any financial year at 1,55,12,319 units (+20.77 per cent), and added that retail rose 4.69 per cent over August; and even setting the distorted September aside, FY27's first five months grew about 17 per cent, which is the truer underlying run-rate.’

The CNX Nifty is currently trading at 22694.15, up by 138.40 points or 0.61% after trading in a range of 22561.60 and 22731.85. There were 26 stocks advancing against 24 stocks declining on the index.

The top gainers on Nifty were Trent up by 12.36%, Kotak Mahindra Bank up by 3.95%, BSE up by 3.49%, Hindustan Unilever up by 2.96% and HDFC Life Insurance up by 2.91%. On the flip side, Coal India down by 2.89%, Tech Mahindra down by 2.28%, Max Healthcare Institute down by 1.79%, Infosys down by 1.56% and ONGC down by 1.37% were the top losers.

Asian equity markets were trading mostly in green; Nikkei 225 surged 806.14 points or 1.14% to 70,753.00, Taiwan Weighted added 110.51 points or 0.22% to 49,822.55, Straits Times rose 25.5 points or 0.45% to 5,689.83, Hang Seng advanced 194.66 points or 0.8% to 24,235.00 and Jakarta Composite gained 86.95 points or 1.4% to 6,205.81, while KOSPI dropped 62.35 points or 0.9% to 6,941.39. Meanwhile, Chinese market remained closed on account of holiday.

European equity markets were trading higher; UK’s FTSE 100 increased 90.56 points or 0.86% to 10,588.50, France’s CAC rose 48.8 points or 0.62% to 7,882.90 and Germany’s DAX gained 222.79 points or 0.87% to 25,477.00.
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.