- Summary
- The Sensex rose 685.34 points to close at 73,067.81 while the Nifty 50 gained 220.35 points to end at 22,776.10 on Tuesday, 6 October 2026, with pharma, private bank and oil and gas shares providing support as traders awaited the outcome of the Reserve Bank of India’s policy meeting.
- Nifty Pharma and Chemical rose the most while IT declined the most, with Trent, BSE and Kotak Mahindra Bank the top Nifty gainers.
- Consumption stocks owned the session, with Trent surging nearly 13% on a strong September quarter update, Dabur rising 3% after forecasting its strongest quarter in recent memory, and Meesho gaining over 6% as its creator-led commerce grew 152%.
- The broader market extended its recovery with the smallcap index up 1.56%, while Brent held near $100.56 after Houthi attacks on Saudi sites were offset by supply returning to 98% of pre-war levels.
The Sensex rose 685.34 points, or 0.95%, to close at 73,067.81, while the Nifty 50 ended 220.35 points, or 0.98%, higher at 22,776.10, a second straight day of gains after last week’s four-day slide.
The broader market led again. The Nifty MidCap rose 1.08% and the Nifty SmallCap gained 1.56%, both outpacing the benchmarks as the relief rally broadened.
Impact on the stock market
Sectoral gainers: Nifty Pharma and Nifty Chemical rose the most, with pharma bouncing back after days of pressure, and private banks lending support ahead of the central bank’s rate decision.
Sectoral losers: Nifty IT declined the most, giving back part of its recent outperformance as money rotated into the consumption and rate-sensitive trade before the RBI outcome.
| Sector/Index | Performance |
| IT & BPM sector | -0.59% |
| Healthcare sector | 1.05% |
| Oil & Gas sector | 1.58% |
| Real estate sector | -0.27% |
| PSU Bank in India | -0.08% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Trent | 2,906.00 | 12.64 |
| Kotak Mahindra | 431.90 | 3.82 |
| Nestle | 1,341.40 | 3.42 |
| HUL | 1,895.20 | 3.09 |
| Jio Financial | 217.90 | 2.78 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Coal India | 411.65 | -3.16 |
| Tech Mahindra | 1,504.50 | -2.04 |
| Max Healthcare | 902.50 | -1.58 |
| TMPV | 285.80 | -0.99 |
| UltraTechCement | 10,750.00 | -0.92 |
Market aftermath: Impact on stocks
Trent: A 13% Surge to a Two-Year High as Zudio Crosses 1,000 Stores
Trent delivered its best session since August 2024, jumping nearly 13% to an intraday high of ₹2,909 after the Tata Group retailer’s September quarter update beat expectations. Standalone revenue rose 23% year-on-year to ₹5,788 crore, taking first-half growth to 21% at ₹11,454 crore, while the value-fashion chain Zudio crossed the 1,000-store milestone and pushed the total retail network to 1,342 outlets. The detail that excited brokerages most was productivity, with the decline in revenue per store narrowing to 1.7% from 5.6% in the previous quarter, which Goldman Sachs, Macquarie and Citi all flagged as evidence that rapid expansion is not diluting the existing stores.
The technical picture has turned as sharply as the fundamentals, with the stock reclaiming its 20-day and 200-day moving averages near ₹2,740-2,775 and testing resistance around ₹2,871, with analysts seeing a gradual move towards ₹3,000 if momentum holds. Anand Rathi suggests a buy-on-dips approach rather than chasing the rally, with ₹2,700 as the key support to watch. The real test comes with the full quarterly results, since analysts note that a lasting re-rating depends on operating margins and same-store sales growth confirming what the revenue numbers promise.
Dabur India: A 3% Rise on Its Strongest Quarter in Recent Memory
Dabur India rose 3% to around ₹390, its best move in 14 weeks, after the company said its India consumer business is expected to accelerate to double-digit growth in the September quarter, calling it the “strongest performance in recent quarters”. The breadth of the update stood out, with hair oils and shampoos expected to grow in the high teens for a fourth straight double-digit quarter, skin care growing at double digits, foods delivering strong double-digit growth and digestives rising in the high teens. The company expects consolidated revenue and profit after tax to both grow at double-digit levels.
The most telling line for the wider economy was that rural demand continues to outpace urban across both markets, supported by the company’s distribution push, while e-commerce and quick commerce channels maintain strong momentum. The international business is expected to grow in the high teens in rupee terms despite what Dabur called severe headwinds in the Middle East, with Egypt, Turkey, the US, Bangladesh and the UK each growing at strong double digits. Management did flag elevated inflation in personal care and healthcare inputs, partly offset by calibrated price increases, and pointed to the festive season as the next leg of acceleration.
Meesho: A 6% Gain as Creator-Led Shopping Grows 152%
Meesho rose more than 6% to a high of ₹240.50 after its quarterly update showed the total value of goods sold through its Content Commerce ecosystem, where shoppers discover products via short videos and creator recommendations, grew 152% year-on-year. The platform now has more than 1.6 lakh active creators, and the company says the numbers reflect a shift in how consumers across smaller-town India shop online, browsing for inspiration and seeing products in real-world settings before buying. Tier 3 and Tier 4 cities such as Varanasi, Agartala, Jabalpur and Madurai accounted for 66% of Content Commerce orders.
The creator data tells its own story about who powers this economy, with around 90% of active creators being nano creators, 81% from non-metro India, homemakers making up 40% of the base and young graduates another 30%, or roughly 50,000 people. A quarter of the active creators are creating for the first time. For investors, the update positions Meesho’s video commerce bet as a genuine growth engine rather than an experiment, and alongside Trent and Dabur it completed a day when the India consumption story did all the heavy lifting.
Crude Oil: Brent Holds Near $100 as Attacks and Abundant Supply Cancel Out
Crude edged higher on Tuesday morning, with December Brent futures up 0.24% to $100.56 a barrel and WTI rising 0.21% to $89.62, after the Houthis claimed attacks on several Saudi sites, including King Khalid International Airport in Riyadh, an Aramco refinery in Rabigh and Abha airport, though Saudi Arabia offered no immediate confirmation. Domestic crude futures on the MCX actually eased 0.38% to ₹8,636, showing how muted the reaction was. The restraint reflects supply, with West Asian crude shipments rebounding to 17.5 million barrels a day, around 98% of pre-war levels, as producers push larger volumes through the Strait of Hormuz despite the risks.
Saudi Arabia also cut its official selling price for November-loading Arab Light crude into Asia by $3 a barrel, a sign of competition for buyers that rarely accompanies a genuinely tight market. The combination of fresh attacks and barely moving prices captures where this conflict now stands, with supply healing faster than the headlines. For India, crude anchored near $100 with Asian discounts on offer is a materially better position than the market faced even two weeks ago.
Conclusion
Tuesday’s 685-point rally made it two green days in a row and handed the spotlight to consumption, with Trent’s store engine, Dabur’s rural-led acceleration and Meesho’s small-town creator economy all pointing to demand that has survived the macro storm, just in time for the festive season. The broader market outpacing the benchmarks again suggests the correction’s grip is loosening, though IT’s decline shows the rotation has losers too. Everything now funnels into two events, the RBI’s policy decision and the start of results season with TCS on 8 October. A supportive central bank plus festive demand of the kind Tuesday’s updates described would give this recovery its first real foundation, and the next 48 hours will show whether the market gets both.
