The Indian stock market witnessed a significant rise on October 6, with the SENSEX jumping 583 points and the NIFTY50 holding steady at the 25000 level. Strong performance in IT and banking sectors fueled the momentum.
Real Estate News:The Indian stock market continued its upward trajectory for the third consecutive session on Monday, October 6, driven by robust gains in banking and IT stocks. The market's positive momentum was further bolstered by favorable developments in the healthcare sector and anticipation of upcoming corporate earnings.
At the close of the trading session, the S&P BSE SENSEX stood at 81,790.12, rising 582.95 points or 0.72%. The NSE's NIFTY50 index also showed a healthy increase, gaining 183.40 points or 0.74% to settle at 25,077.65.
IT stocks were among the top performers, with TCS leading the pack with a 2.97% gain, followed by LTI Mindtree (2.93%), and Tech Mahindra (2.78%). The sector is set to kick off the second-quarter earnings season with TCS scheduled to announce its results on October 9. Investors are also closely watching the release of the Federal Open Market Committee (FOMC) minutes from its mid-September meeting, scheduled for October 8.
Hospital stocks, including Max Healthcare and Apollo Hospitals, were among the major contributors to the market's gains. This positive performance was driven by the Union Health Ministry's recent revision of the Central Government Health Scheme (CGHS) rates, which updated the prices for nearly 2,000 medical procedures. This is the first major overhaul in over a decade and will take effect from October 13, 2025.
Foreign institutional investors (FIIs) were net sellers on Friday, offloading equities worth ₹1,583.37 crore, while domestic institutional investors (DIIs) purchased ₹489.76 crore worth of equities. Foreign portfolio investors (FPIs) remained net sellers of Indian equities in September, withdrawing ₹23,885 crore, bringing the year-to-date outflow to ₹1.58 lakh crore.
Globally, Japanese stocks led gains across Asian markets, with the Nikkei surging 4.66% to record highs. This positive performance was attributed to the election victory of fiscal dove Sanae Takichi, which bolstered expectations of increased government spending and stimulus. Outside Japan, trading volumes were thin due to market holidays in China and South Korea. Hong Kong's Hang Seng index, however, slipped 0.67%.
Market statistics from Monday’s session showed that out of the 3,216 stocks traded on the NSE, 1,386 advanced, 1,730 declined, and 100 remained unchanged. This indicated a market breadth favoring declines. A total of 113 stocks hit their 52-week highs, while 73 touched their one-year lows. Additionally, 113 stocks hit their upper circuit limits, and 80 touched their lower circuit bands. The market capitalisation of NSE-listed firms stood at ₹457.27 lakh crore at the end of the session. The volatility index India VIX rose 1.31% to end at 10.19 levels.
The broader market also saw gains, with the Nifty Smallcap 100 index rising 0.28% to end at 17,928.05, and the Nifty Midcap 100 index closing at 58,015.10, up 0.89%.
Sectoral updates showed that the Nifty Bank index rose 0.93% to close at 56,104.85, led by gains in AU Small Finance Bank (up 3.03%), IDFC First Bank (3%), and Axis Bank (2.29%). Other top-performing sectors included Nifty IT (2.28%), Nifty Private Bank (1.22%), Nifty Oil and Gas (0.75%), Nifty Realty (0.68%), and Nifty PSU Bank (0.42%). However, Nifty Media (-0.90%), Nifty Metal (-0.89%), and Nifty FMCG (-0.20%) were the only sectors in the red.
Among the top gainers on the NIFTY50 index, Max Healthcare surged 6.34%, followed by Shriram Finance (3.9%), TCS (2.97%), Tech Mahindra (2.78%), and Apollo Hospitals (2.5%). On the losing side, Trent (-2.3%), Tata Steel (-1.65%), Adani Ports (-1.29%), Power Grid (-1.02%), and Eicher Motors (-0.94%) were the biggest decliners.
Frequently Asked Questions
What was the performance of the SENSEX and NIFTY50 on October 6?
On October 6, the SENSEX gained 582.95 points to close at 81,790.12, and the NIFTY50 rose 183.40 points to close at 25,077.65.
Which sectors showed the most significant gains?
The IT, banking, and healthcare sectors showed the most significant gains, with IT stocks leading the pack.
What major development occurred in the healthcare sector?
The Union Health Ministry revised the Central Government Health Scheme (CGHS) rates, updating prices for nearly 2,000 medical procedures, effective from October 13, 2025.
How did foreign institutional investors (FIIs) and domestic institutional investors (DIIs) behave in the market?
FIIs sold equities worth ₹1,583.37 crore on a net basis, while DIIs purchased ₹489.76 crore worth of equities.
What was the performance of global markets, particularly in Asia?
Japanese stocks led gains in Asia, with the Nikkei surging 4.66%. Other Asian markets, including Hong Kong's Hang Seng, were subdued due to holidays in China and South Korea.