The SENSEX rose as much as 212 points, while the NIFTY50 index briefly moved above 22,600, led by gains in Kotak Mahindra Bank, Trent, Axis Bank, Reliance Industries, HCL Technologies and IndiGo. The upside was capped by selling pressure in HDFC Bank, Bharti Airtel, Mahindra & Mahindra and State Bank of India. As of 9:21 am, the SENSEX was up 46 points at 72,428 and the NIFTY50 index was up 23 points at 22,582.

The Indian equity benchmarks edged higher in opening deals on Tuesday, October 6, mirroring a positive trend in global markets. Most of the Asian markets were trading higher, taking cues from the record closing of the tech‑heavy Nasdaq index in the United States. Japan's Nikkei rose 0.22%, Hong Kong's Hang Seng index rose 0.6% and South Korea's KOSPI fell 0.45%. Overnight, the Nasdaq closed at a record high led by Nvidia and Microsoft as investors focused on a dip in oil prices and looked ahead to quarterly earnings reports.

Back home, Trent was the top gainer in the NIFTY50 index, the stock surged 10% to ₹2,838 after the company said that its revenue in the September quarter rose 23% to ₹5,788 crore. The company opened its 1,000th Zudio store, taking the total store count including Westside, Zudio and other lifestyle brands to 1,342 stores. Axis Bank, Hindustan Unilever, SBI Life, IndiGo, HDFC Life, Reliance Industries, JSW Steel, Hindalco and Titan also rose between 0.4% and 1.7%.

On the flip side, Apollo Hospitals, Max Healthcare, Tech Mahindra, Cipla, Infosys, ITC, Eicher Motors, ONGC and TCS were top losers in the NIFTY50 index. Ten of 15 major sector gauges compiled by the National Stock Exchange (NSE) were trading higher, led by the NIFTY Private Bank index's 1% gain. NIFTY Bank, Consumer Durables, Oil & Gas, Financial Services, and Metal indices also rose between 0.3% and 0.7%. On the other hand, auto, IT, pharma, healthcare and realty shares were facing selling pressure.

Broader markets were also witnessing buying interest as NIFTY Midcap 100 index rose 0.4% and NIFTY Smallcap 100 index advanced 0.65%. The overall market breadth was extremely positive, with 2,153 shares advancing while 868 were declining on the NSE. The gains in the top performers were offset by selling in several other names, reflecting a mixed sentiment across sectors. The day’s activity underscored the resilience of the Indian equity market amid global volatility.