The SENSEX surged by as many as 722 points, while the NIFTY50 index reached an intraday high of 22,622 on Monday, 5 October. The rally was driven by gains in heavyweight names such as ICICI Bank, Reliance Industries, Bharti Airtel, ITC, Larsen & Toubro, Bajaj Finance and Eternal. Analysts said the benchmarks ended a four‑day losing streak on the back of value buying and short‑covering after markets entered an oversold zone. The gains lifted the SENSEX to 72,382, a rise of 472 points, and the NIFTY50 to 22,556, up 134 points.

Asian markets closed higher as the yield on the 10‑year treasury fell to 5.28%. Japan’s Nikkei climbed 2.45%, while Hong Kong’s Hang Seng index advanced 0.3%. The decline in the benchmark U.S. Treasury rate helped lift risk sentiment across the region, supporting the gains seen in the Indian indices.

The National Stock Exchange’s 15 major sector gauges saw 12 rise, led by the NIFTY FMCG index which gained nearly 2%. Consumer Durables, Realty, PSU Bank, Media, Metal, Bank and Financial Services indices also climbed between 0.4% and 1.5%. In contrast, pharma, healthcare and select IT shares faced selling pressure. Broader markets also attracted buying interest as the NIFTY Midcap 100 index rose 0.7% and the NIFTY Smallcap 100 index advanced 0.5%.

PSU banking shares finished higher after reporting strong credit growth in the second quarter of the current financial year. The NIFTY PSU Bank index climbed as much as 2.2%, hitting an intraday high of 8,117, led by gains in Canara Bank, Bank of India, Bank of Baroda and Punjab National Bank.

FSN E‑Commerce Ventures, the parent of Nykaa, surged 6.03% to an intraday high of ₹344.55 per share, buoyed by continued growth momentum in Q2 FY27 with consolidated gross merchandise value expected to be close to the thirties. ITC was the top gainer in the NIFTY50, rising 5% to close at ₹269 after Citi said the earnings downgrade cycle is largely over and risk‑reward remains favourable. Other gains included BSE, Tata Motors PV, Shriram Finance, Bajaj Finance, Bharti Airtel, Eternal, NTPC, Adani Ports, TCS, Adani Enterprises and ICICI Bank, which rose between 1.6% and 4.4%. On the downside, HCL Tech, Max Healthcare, HDFC Bank, Apollo Hospitals, Asian Paints, Infosys, Sun Pharma, Nestle India, SBI Life, Cipla and HDFC Life were top losers. Market breadth was neutral with 1,745 shares higher and 1,846 lower on the NSE.