The Indian stock market recorded gains on Tuesday, with Sensex gaining 286.98 points, or 0.37%, to close at 77,656.09 and Nifty 50 advancing 115.50 points, or 0.48%, to end at 24,334.55. According to reports from The Economic Times, the market witnessed strong volatility as it swung sharply into the green after erasing all morning losses. The session was marked by significant intraday swings as the market navigated through the first expiry day since the launch of closing auction session (CAS). Final-hour buying helped benchmark indices recover and close in positive territory, with the Nifty finishing firmly above the 24,300 mark. As per The Economic Times, the recovery was led by gains in pharma, media and PSU banking stocks, with the market taking support near 24,100/77,100 levels and bouncing back sharply from the day's lowest point. Infosys (up 1.24%), Reliance Industries (up 0.55%) and ICICI Bank (up 0.54%) supported the Nifty, while Healthcare, PSU bank and IT shares advanced, while private bank and metal stocks declined. The Nifty midcap index rose 0.5%, while the BSE 250 SmallCap Index declined marginally, indicating mixed performance across broader market segments.
Indian rupee ended 33 paise higher at 95.41 per dollar on Tuesday, compared with the previous close of 95.74, providing additional support to market sentiment. As reported by The Economic Times, buying at lower levels, supported by easing crude oil prices and a firmer rupee, helped the benchmark index recover from intraday lows. The market opened lower amid mixed global cues and traded in a rangebound manner, with the Nifty hitting an intraday low of 24,115.45 before recovering strongly. Brent crude for October 2026 settlement fell 3.2% to around $89 per barrel, its lowest level in a week, as hopes of easing US-Iran tensions provided relief to oil markets. Easing concerns over an immediate disruption to oil supplies following the latest US sanctions on Iran helped support market recovery. The yield on India's 10-year benchmark federal paper slipped 0.26% to 6.854 compared with the previous session close of 6.872, while MCX Gold futures for 05 October 2026 settlement lost 0.18% to ₹1,62,936. Brent crude oil price hovered around $90/bbl mark, posing risk to India's inflation as a key concern for market participants.
Among sectors, Nifty Healthcare emerged as the best performer, gaining 1.09%, followed by Consumer Durables which rose 0.93% and Pharma which advanced 0.85%. As reported by The Economic Times, pharma, PSU banks and consumer durables led sectoral gains during the volatile trading session. Healthcare, Digital and Tourism indices outperformed, rallying over 1%, with almost all major sectoral indices registering buying interest at lower levels. Nifty IT index rose 0.57%, with gains in Infosys, Tech Mahindra and TCS supporting the broader IT space. Nifty Private Bank declined 0.20%, making it the key sectoral laggard, while Nifty Bank ended almost flat, down 0.02%, and Nifty Metal slipped 0.07%. Market breadth remained mixed through the day, highlighting a stock-specific rather than broad-based risk-on environment. The BSE 150 MidCap Index rose 0.5%, while the BSE 250 SmallCap Index ended marginally lower, showing varied performance across market segments. Outperforming the broader market, healthcare and financial sectors gained as investors rotated into defensive and domestic-oriented sectors with signs of some stability in the domestic bond market.
IndiGo shares jumped more than 2% to lead gains on Sensex, with IndiGo being the top gainer, rising 2.05% among the 30 Sensex constituents. According to The Economic Times, Adani Ports gained 1.19%, Infosys advanced 1.15%, Trent rose 1.10%, Titan climbed 0.98%, SBI gained 0.87%, M&M, Tech Mahindra, Larsen & Toubro and ITC advanced between 0.69% and 0.84%. ICICI Bank rose 0.64%, followed by BEL, Maruti Suzuki, Reliance Industries, Sun Pharma, TCS and Asian Paints. On the losing side, Eternal declined 0.85%, making it the biggest laggard among Sensex constituents, while HCL Technologies fell 0.68%, Power Grid, Bajaj Finserv, HDFC Bank and Hindustan Unilever also ended lower. More than 140 stocks touched 52-week high including Paytm, Bajaj Auto, AU Small Finance Bank, Ipca Labs, PVR INOX, Siemens, HFCL, Aarti Industries, Welspun Corp, among others. Netweb Technologies India fell 3% after completing its ₹1,200 crore QIP, while Sigma Advanced Systems was locked at the 5% upper circuit after securing a long-term contract worth £125 million. Shankesh Jewellers ended at ₹95.21, gaining 2.3% after making its market debut at an 11% premium at ₹103.30 per share on the NSE, while Sunshine Pictures closed at ₹368.50, up 2.3% from its issue price of ₹360.
The overall market breadth favoured the bears, with negative breadth indicating that while benchmark indices gained, the broader market participation was mixed. On the BSE, 2,007 shares rose, 2,330 shares declined and 196 shares remained unchanged during the volatile session. As reported by The Economic Times, this negative breadth indicates that buying interest at lower levels aided markets to recover from intraday weakness in the last hour of trade. Trading remained volatile as investors adjusted positions ahead of the monthly derivatives expiry, with Tuesday marking the first monthly Nifty 50 expiry under the new closing-auction session framework. As many as 120 stocks hit their 52-week highs, while 94 touched their 52-week lows, according to NSE market data. A total of 101 stocks ended in the upper circuit, while 104 stocks hit the lower circuit. The total market capitalisation of NSE-listed companies stood at ₹493.02 lakh crore, equivalent to USD 5.15 trillion. Market breadth was mixed through the day, highlighting a stock-specific rather than broad-based risk-on environment. Risk sentiment remained cautious throughout the session with buying interest at lower levels aiding markets to recover from intraday weakness.
