Sensex Up 400 Points on 5 October: Nifty Ends at 22,535 as ITC, Reliance and Banks Lead the Rebound After an Eight-Week Losing Streak, and What Comes Next Before the RBI Policy
- October 5, 2026
- Posted by: Kunal Singla
- Category: News
Sensex +402.53 to 72,312.23, Nifty +113.50 to 22,535.45 on 5 Oct. PSU Bank +2.1%, Bank Nifty +1.2%. ITC up on Citi Buy. RBI policy 7 Oct.
Quick Answer
Sensex up 400 points on 5 October, with the index rising 402.53 points or 0.56% to 72,312.23 and the Nifty 50 gaining 113.50 points to 22,535.45 in the closing auction, as markets snapped an eight-week losing streak. Gains were larger earlier, with the Sensex near 72,350 and the Nifty at 22,586 in the afternoon, but IT and auto shares pared them late in the day. Bank stocks led, with the Nifty PSU Bank index up 2.11% and Bank Nifty up 1.18%, and ITC gained after Citi upgraded it to Buy with a Rs 300 target. Weak US jobs data, easing crude and falling Fed hike bets drove the rebound, and the RBI policy on 7 October is the next trigger.
Sensex up 400 points was the headline of the first session after the 2 October holiday, as Indian equity benchmarks rebounded from an eight-week losing run. The Sensex closed at 72,312.23 and the Nifty 50 at 22,535.45, with ITC, Reliance Industries and HDFC Bank among the gainers around 2:50 pm and the Nifty at 22,535.
If you are searching for the stock market today and why the Sensex is up 400 points, this article covers the closing auction levels, the eight-week losing streak that ended, the crude and rupee drivers, Bank Nifty and PSU Bank moves, ITC shares and the Citi upgrade, the IPO listings, the RBI policy on 7 October and the risks. Levels are from live and closing-auction data, so recheck final figures.
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Sensex Up 400 Points: The Market Snapshot
| Index or measure | Level | Change |
|---|---|---|
| Sensex, closing auction | 72,312.23 | Up 402.53 points, 0.56% |
| Nifty 50, closing auction | 22,535.45 | Up 113.50 points, 0.51% |
| Sensex, around 2:50 pm | About 72,352 | Up about 443 points |
| Nifty 50, around 2:50 pm | About 22,586 | Up 163.75 points, 0.73% |
| Nifty PSU Bank | 8,105.05 | Up 2.11% |
| Nifty Bank | 55,094.35 | Up 1.18% |
The Sensex had closed at 71,909.70 on 1 October, which makes the Sensex up 400 points, with the Nifty at 22,535 only 0.5% higher, and the benchmark remains down about 11.5% from a year ago. The late slide from the afternoon high shows that sellers were still active in IT and autos.
Why Is the Sensex Up 400 Points Today?
Several factors explain the stock market today and the Sensex up 400 points session:
- US September payrolls rose only 29,000 against about 84,000 expected, which cut Fed rate-hike odds sharply.
- Crude oil eased and the rupee steadied near 96.20, which helps importers and inflation expectations.
- Q2 business updates from banks, such as YES Bank and HDFC Bank, showed healthy deposit and loan growth.
- After eight weeks of losses, oversold stocks attracted bargain hunters.
- Positive Asian markets supported a gap-up open.
ITC, Reliance and HDFC Bank: Stocks in Focus as the Sensex Up 400 Points
| Stock | Move | Note |
|---|---|---|
| ITC | Up 2% to 3% | Citi upgrade to Buy from Sell, target Rs 300 from Rs 257 |
| Bajaj Finance | Up 3.32% to Rs 979.80 | Top Nifty gainer after a board approval |
| Shriram Finance | Up 2.30% to Rs 966.70 | Financials led |
| Reliance Industries | Up about 1% to Rs 1,179.70 in the afternoon | Heavyweight support |
| HDFC Bank | Up about 0.8% to Rs 727.10 in the afternoon | Most actively traded in the morning, later among laggards in the closing list |
| Apollo Hospitals | Down 2.28% to Rs 7,948 | Top Nifty loser in early trade |
Business Standard’s closing-auction list shows HCL Tech, Asian Paints and HDFC Bank among the Nifty’s top losers, so HDFC Bank gave back its afternoon gains, while ITC shares gained and helped keep the Sensex up 400 points. IT stocks were weak, with HCL Tech and Infosys down even as Accenture’s results lifted Wipro and TCS.
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Banks Lead the Sensex Up 400 Points
PSU banks were the best sector, with Bank of India, Punjab National Bank and Indian Bank among the top gainers on the Nifty PSU Bank index. RBL Bank reported 34% year-on-year growth in deposits, and other banks’ September-quarter updates supported the sector and helped keep the Sensex up 400 points. Bank Nifty rose 1.18% to 55,094.35.
IPO Listings and the Primary Market as the Sensex Up 400 Points
Four IPOs listed on 5 October: Orient Cables rose about 65%, German Green Steel & Power gained 2%, Runwal Enterprises listed flat and AceVector, the Snapdeal parent, fell about 11.5%. The listings raised Rs 1,776 crore in total and showed that primary market appetite is selective even in a weak tape.
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What Comes Next After the Sensex Up 400 Points: The RBI Policy on 7 October
| Event | Date | What to watch |
|---|---|---|
| RBI monetary policy | 7 October | Repo rate at 5.25%; most economists expect a 25 basis point hike |
| TCS Q2 results | 8 October | Opens the IT earnings season and a second interim dividend |
| HCL Tech Q2 results | 12 October | Guidance narrowing expected |
| US inflation and Fed commentary | Mid-October | Direction of rate expectations |
Caution before the RBI decision kept the Sensex up 400 points from becoming a bigger rally, since a rate hike would pressure rate-sensitive sectors. The India VIX fell about 6.6% in the morning to 13.50, showing that near-term fear has eased.
Risks After the Sensex Up 400 Points
Rebound fatigue: One strong day like the Sensex up 400 points after eight weeks of losses does not confirm a trend.
RBI hike: A 25 basis point increase could reverse the Sensex up 400 points gain and hit banks, real estate and autos.
Crude oil: Brent above $100 remains a risk if Middle East supply stays disrupted.
Foreign flows: FPI selling of Rs 9,980 crore on 30 September shows how quickly flows can turn.
IT weakness: A soft Q2 from TCS could drag the index again.
Conclusion
Sensex up 400 points to 72,312.23 and the Nifty at 22,535.45 mark a rebound from an eight-week losing streak, led by banks and by ITC after Citi’s upgrade, though IT and autos pared the gains late. After the Sensex up 400 points, the RBI policy on 7 October and TCS results on 8 October are the next triggers, and ITC shares and banks are the stocks to track. Consult a SEBI-registered advisor before making any decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why is the Sensex up 400 points today?
Ans. The Sensex up 400 points move reflected weak US jobs data, easing crude oil, lower Fed hike bets, a steady rupee and bank Q2 updates.
How did the stock market today end on 5 October?
Ans. In the closing auction the Sensex was up 402.53 points at 72,312.23 and the Nifty 50 was up 113.50 points at 22,535.45.
Which stocks gained on 5 October?
Ans. Bajaj Finance, Shriram Finance, ITC, NTPC, Coal India and PSU banks led, while Reliance and HDFC Bank were higher in the afternoon.
Why did ITC shares rise?
Ans. Citi upgraded ITC to Buy from Sell and raised its target price to Rs 300 from Rs 257, and the stock gained about 3%.
Which sectors fell on 5 October?
Ans. IT and auto shares weighed on the index, with HCL Tech, Infosys and Apollo Hospitals among the losers.
What is the next trigger for the market?
Ans. The RBI monetary policy on 7 October, followed by TCS Q2 results on 8 October.
Did the market end an eight-week losing streak?
Ans. Yes. The Sensex and Nifty rebounded after eight straight weekly losses, the longest such run in decades.
Should I buy stocks after the Sensex rally?
Ans. This article does not constitute investment advice. One session like the Sensex up 400 points does not confirm a trend. Consult a SEBI-registered financial advisor before investing.
