ITC Shares Surge 5% as Citi Turns Bullish; Stock Leads Nifty

Limited emerged as the top Nifty 50 gainer on October 5, 2026, with its shares rising 5.08% to ₹268.90 on the NSE, as strong buying interest followed a positive brokerage upgrade. The stock also recorded heavy volumes, signalling renewed investor participation. The rally was triggered after Citi upgraded ITC to “Buy” from “Sell”, citing a more favourable risk-reward profile despite near-term challenges. The brokerage view helped ITC become one of the biggest contributors to the Nifty’s rebound. The broader market also recovered sharply, with the Nifty gaining 133.80 points to 22,555.75 and the Sensex advancing 472.77 points to 72,382.47, snapping a four-session losing streak. Gains were supported by easing concerns over US interest rates and softer crude oil prices. ITC’s strong move comes shortly after the stock touched a 52-week low of around ₹254.75, highlighting the sharp rebound from recent selling pressure. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.