Nifty crosses 22,520 amid value buying
The key equity benchmarks firmed up further in afternoon trade, supported by value buying in recently beaten-down shares. However, concerns persisted amid elevated crude oil prices and continued selling by foreign institutional investors (FIIs). The Nifty crossed the 22,520 mark. Healthcare and pharma shares remained under pressure, while mid- and small-cap IT, telecom and consumer durables shares were in demand.
At 13:25 IST, the S&P BSE Sensex rose 405.68 points, or 0.56%, to 72,315.38. The Nifty 50 index gained 115.70 points, or 0.52%, to 22,536.60.
In the broader market, the Nifty MidCap 150 Index rose 0.64%, while the Nifty SmallCap 250 Index rose 0.50%.
Market breadth turned positive. On the NSE, 1,776 shares rose, while 1,712 shares declined. A total of 123 shares were unchanged.
RBI MPC begins 3-day meeting
The RBI Monetary Policy Committee (MPC) began its 3-day meeting today, 5 October 2026, to deliberate on interest rates and assess inflation, economic growth and financial conditions. The meeting will conclude on 7 October 2026, with markets closely watching whether the RBI will raise the repo rate for the first time since February 2023.
Top Nifty Gainers and Losers:
Among the Nifty gainers, BSE rose 3.23%, followed by Bajaj Finance, which gained 2.41%. TMPV advanced 2.31%, while Shriram Finance rose 2.24% and ITC was up 1.78%.
On the other hand, HCL Technologies declined 3.01%, followed by Asian Paints, which fell 2.80%. HDFC Bank declined 2.45%, while Max Healthcare dropped 1.98% and Infosys fell 1.66%.
Stocks in Spotlight:
PhysicsWallah rose 5.88% after the company announced that its wholly owned subsidiary, FinZ Finance, has entered into an agreement with RBI-registered NBFC Auxilo Finserve to sell, transfer and assign its loan portfolio worth Rs 95.79 crore. The transaction covers a substantial part of FinZ Finance's total loan portfolio and is expected to result in a partial closure of its lending operations. The company said the move is part of a broader strategic realignment to focus on its core business, optimise capital allocation and reduce balance sheet and credit risks by facilitating lending through established third-party NBFCs. The transition is expected to be completed within 60 days.
Global Cues:
Most European indices advanced on Monday, 5 October 2026, recovering some of the losses recorded in the previous week as weaker-than-expected US jobs data reduced expectations of an immediate Federal Reserve rate hike. However, elevated government bond yields, high energy prices and concerns over fiscal conditions in parts of Europe continued to weigh on investor sentiment.
Most Asian indices traded higher on Monday, even as investor sentiment remained cautious amid elevated crude oil prices and high US Treasury yields. Markets in mainland China and South Korea remained closed for holidays.
Softer-than-expected US jobs data eased expectations of an interest rate hike by the US Federal Reserve at its October meeting. However, investors remained cautious as the US 10-year Treasury yield had climbed to 5.34% last week, its highest level since 2002.
Meanwhile, crude oil prices remained elevated. Brent crude was trading around $102.20 a barrel on Monday morning after briefly moving above $103. Oil prices remained supported by heightened geopolitical tensions in the Middle East, after Yemen's Saudi-backed government launched a military campaign aimed at reclaiming territory held by the Houthis.
US stocks ended higher on Friday after weaker-than-expected jobs data reduced expectations of a Federal Reserve rate hike at its policy meeting later this month. The Dow Jones Industrial Average rose 250.40 points, or 0.49%, to 51,176.96, while the S&P 500 gained 56.27 points, or 0.73%, to 7,722.72. The Nasdaq Composite advanced 319.27 points, or 1.19%, to 27,190.86. US nonfarm payroll employment increased by 29,000 in September, well below economists' expectations of 90,000. The unemployment rate rose to 4.2% from 4.1% in August. Payroll gains for July and August were revised lower by a combined 60,000.
The weaker-than-expected jobs data reduced expectations of a 25-basis-point Fed rate hike at the end of October. CME FedWatch showed the probability of a hike at 22.7%, down from 24.4% in the previous session and 64.2% a week earlier.
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