{"id":286420,"date":"2026-10-05T11:23:30","date_gmt":"2026-10-05T05:53:30","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=286420"},"modified":"2026-10-05T11:23:30","modified_gmt":"2026-10-05T05:53:30","slug":"sensex-and-nifty-rally-3-factors-5-october","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/","title":{"rendered":"Why Is the Stock Market Up Today? The Top 3 Factors Behind the Sensex and Nifty Rally, How Much Each Matters and Whether It Can Last"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Sensex hit 72,540 (+600), Nifty 22,602 on 5 Oct. US payrolls +29,000 vs 84,000 expected; Fed hike odds 23% to 13%. Rupee 96.20. Sensex 16% below its high.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Sensex and Nifty rallied on 5 October, with the Sensex rising over 600 points to an intraday high of 72,540 and the Nifty gaining nearly 1% to 22,602, because of three factors. First, US payrolls rose only 29,000 against about 84,000 expected, which cut the odds of an October Fed hike from 23% to 13%. Second, crude oil eased and the rupee opened stronger at 96.20, and third, strong Q2 business updates lifted bank stocks. The rebound follows an eight-week fall, so it is a relief rally that still needs foreign selling to slow.<\/p>\n<\/p><\/div>\n<p>Why is the stock market up today? The answer is clear, but the size of each factor matters. The <a href=\"https:\/\/univest.in\/indices\/sensex\/sensex-share-price-today\">Sensex<\/a> and the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> had fallen for eight straight weeks, the longest run in 25 years, and were sitting about 16% below the Sensex&#8217;s December 2025 peak of 86,159.<\/p>\n<p>This guide ranks the three factors behind the Sensex and Nifty rally: weak US jobs data (payrolls up just 29,000) that cut Fed hike odds, easing crude oil and Brent with a stronger rupee, and strong bank updates after an oversold fall. It also covers FII selling, India VIX, the RBI decision on 7 October, the Sensex today and Nifty today levels and what must happen for the rebound to last. Figures are from morning and midday trade and will change, so recheck them before acting.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=sensex-and-nifty-rally-3-factors-5-october\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#Why_Is_the_Stock_Market_Up_Today_The_Three_Factors\" title=\"Why Is the Stock Market Up Today? The Three Factors\">Why Is the Stock Market Up Today? The Three Factors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#Factor_1_Weak_US_Jobs_Data_and_Falling_Fed_Hike_Odds\" title=\"Factor 1: Weak US Jobs Data and Falling Fed Hike Odds\">Factor 1: Weak US Jobs Data and Falling Fed Hike Odds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#Factor_2_Easing_Crude_Oil_and_a_Stronger_Rupee\" title=\"Factor 2: Easing Crude Oil and a Stronger Rupee\">Factor 2: Easing Crude Oil and a Stronger Rupee<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#Factor_3_Bank_Stocks_and_an_Oversold_Bounce\" title=\"Factor 3: Bank Stocks and an Oversold Bounce\">Factor 3: Bank Stocks and an Oversold Bounce<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#Which_Sectors_Led_the_Sensex_and_Nifty_Rally\" title=\"Which Sectors Led the Sensex and Nifty Rally?\">Which Sectors Led the Sensex and Nifty Rally?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#Sensex_Today_and_Nifty_Today_What_Later_Quotes_Show\" title=\"Sensex Today and Nifty Today: What Later Quotes Show\">Sensex Today and Nifty Today: What Later Quotes Show<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#Can_the_Sensex_and_Nifty_Rally_Last\" title=\"Can the Sensex and Nifty Rally Last?\">Can the Sensex and Nifty Rally Last?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#Risks_to_the_Sensex_and_Nifty_Rebound\" title=\"Risks to the Sensex and Nifty Rebound\">Risks to the Sensex and Nifty Rebound<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#What_Should_Investors_Watch_After_the_Sensex_and_Nifty_Rally\" title=\"What Should Investors Watch After the Sensex and Nifty Rally?\">What Should Investors Watch After the Sensex and Nifty Rally?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#Why_is_the_stock_market_up_today\" title=\"Why is the stock market up today?\">Why is the stock market up today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#What_did_the_US_jobs_report_show\" title=\"What did the US jobs report show?\">What did the US jobs report show?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#How_did_the_jobs_data_affect_Fed_hike_odds\" title=\"How did the jobs data affect Fed hike odds?\">How did the jobs data affect Fed hike odds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#How_high_did_the_Sensex_and_Nifty_go_on_5_October\" title=\"How high did the Sensex and Nifty go on 5 October?\">How high did the Sensex and Nifty go on 5 October?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#Why_did_the_Sensex_and_Nifty_rise_despite_foreign_selling\" title=\"Why did the Sensex and Nifty rise despite foreign selling?\">Why did the Sensex and Nifty rise despite foreign selling?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#Is_the_Sensex_and_Nifty_rally_sustainable\" title=\"Is the Sensex and Nifty rally sustainable?\">Is the Sensex and Nifty rally sustainable?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#When_is_the_RBI_policy_decision\" title=\"When is the RBI policy decision?\">When is the RBI policy decision?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/sensex-and-nifty-rally-3-factors-5-october\/#Should_I_buy_stocks_after_the_Sensex_and_Nifty_rally\" title=\"Should I buy stocks after the Sensex and Nifty rally?\">Should I buy stocks after the Sensex and Nifty rally?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_the_Stock_Market_Up_Today_The_Three_Factors\"><\/span><strong>Why Is the Stock Market Up Today? The Three Factors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Rank<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Factor<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Why it matters for Sensex and Nifty<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Weak US jobs data cut Fed hike odds<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Eases pressure on US yields, the dollar and foreign selling<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Crude oil eased and the rupee strengthened<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reduces inflation, import-bill and RBI hike fears<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Strong Q2 bank updates and an oversold bounce<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Banks carry the heaviest weights in both indices<\/td>\n<\/tr>\n<\/table>\n<p>Together these factors attacked the three things that drove the fall in the Sensex and Nifty: foreign selling, high yields and costly oil. That is why the Sensex and Nifty moved together.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Factor_1_Weak_US_Jobs_Data_and_Falling_Fed_Hike_Odds\"><\/span><strong>Factor 1: Weak US Jobs Data and Falling Fed Hike Odds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">US September jobs report<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Result<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Expectation<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nonfarm payrolls<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 29,000<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 84,000 to 95,000<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Unemployment rate<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">4.2%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">4.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Average hourly earnings, monthly<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 0.1%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 0.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wage growth, yearly<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3.0%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revisions to July and August<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 60,000 combined<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not applicable<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Odds of an October Fed hike<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">13% after the report<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">23% before the report<\/td>\n<\/tr>\n<\/table>\n<p>The Fed raised rates in September for the first time in three years, so a weak labour market makes another hike unlikely. That sent US yields lower and stock futures higher, and Asian shares followed on Monday. Lower US yields reduce the pull on emerging-market money, which has been leaving India.<\/p>\n<p>This is the largest factor for the Sensex and Nifty because foreign investors sold more than Rs 9,400 crore on 1 October and Rs 10,100 crore on 30 September. If US yields keep falling, that selling can slow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Factor_2_Easing_Crude_Oil_and_a_Stronger_Rupee\"><\/span><strong>Factor 2: Easing Crude Oil and a Stronger Rupee<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Brent crude is still above $100 a barrel after trading at $106 to $107 last week, but it eased on Monday. The rupee opened 11 paise stronger at 96.20 against 96.31 on Thursday.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Indicator<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Latest<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Why it matters<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Brent crude<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Above $100, easing<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">India imports most of its oil<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rupee<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">96.20 per dollar<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A weak rupee drives foreign selling<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Retail inflation, August<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">4.82%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Above the 4% target<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">RBI decision<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">7 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Eight of ten economists expect a 25 basis point hike<\/td>\n<\/tr>\n<\/table>\n<p>A lower oil price and a firmer rupee reduce the case for aggressive RBI tightening, which helps the Sensex and Nifty. Because the effect is modest so far, I rank it second, and it can reverse if crude jumps again.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Check the Univest Screener for sectors that hold up when oil is high<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Factor_3_Bank_Stocks_and_an_Oversold_Bounce\"><\/span><strong>Factor 3: Bank Stocks and an Oversold Bounce<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bank stocks led the Sensex and Nifty after Q2 business updates. The Nifty Bank index rose 1.4% to 55,192.65 and PSU banks gained over 2%, with HDFC Bank up about 1.8% to Rs 734.20 after the RBI cleared Anup Bagchi as its next CEO.<\/p>\n<p>The second part is technical. After eight weeks of losses that cut the Nifty by about 8.7% and the Sensex by about 8.4%, selling was exhausted. India VIX fell 6.6% to 13.50, a sign that fear eased, and Gift Nifty had pointed to a gain of about 149 points.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Which_Sectors_Led_the_Sensex_and_Nifty_Rally\"><\/span><strong>Which Sectors Led the Sensex and Nifty Rally?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Sector or stock<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Move on 5 October<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nifty PSU Bank<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up over 2%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Top sector, led by Bank of India, PNB and Indian Bank<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nifty Bank<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up as much as 1.4%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HDFC Bank was the most actively traded stock, with about 1.46 crore shares<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Metals and oil and gas<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Higher<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Helped by easing crude<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nifty IT, pharma and healthcare<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Lower<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IT lagged after rising last week<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Midcap 100 and Smallcap 100<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up over 0.8% each early<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Outperformed the large caps<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bajaj Finance<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Among top Sensex gainers<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Financials led<\/td>\n<\/tr>\n<\/table>\n<p>Leadership from banks and metals, with IT and pharma lagging, is typical of a rate-relief rally and not of a defensive rotation. The Sensex and Nifty gained more because financials carry the heaviest weights.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sensex_Today_and_Nifty_Today_What_Later_Quotes_Show\"><\/span><strong>Sensex Today and Nifty Today: What Later Quotes Show<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Time or level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Sensex today<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Nifty today<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close, 1 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">71,909.70<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22,421.95<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Open, 5 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">72,340.95<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 22,532<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Intraday high cited in morning trade<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">72,540 to 72,554<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22,602 to 22,612<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Later index quotes<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 72,350 (up about 0.6%)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 22,586 (up about 0.7%)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Distance from December 2025 peak<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 16% below 86,159<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not shown<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Change over one month<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About -5%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About -5.6%<\/td>\n<\/tr>\n<\/table>\n<p>The later quotes for the Sensex and Nifty sit below the morning highs, which fits reports that some bank stocks slipped into the red on profit booking. The Sensex is still down about 11.5% over a year, so the rebound repairs only a small part of the damage, and Sensex today and Nifty today remain well below their highs.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Sensex, Nifty and your stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_the_Sensex_and_Nifty_Rally_Last\"><\/span><strong>Can the Sensex and Nifty Rally Last?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What must happen<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Current status<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Foreign selling slows<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not yet visible: over Rs 19,500 crore sold in two sessions<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">US yields keep easing<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Helped by the weak jobs data<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Crude stays below $100<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Eased but still above $100<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">RBI avoids a hawkish surprise<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A 25 basis point hike is expected on 7 October<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 earnings hold up<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Season starts with TCS on 8 October<\/td>\n<\/tr>\n<\/table>\n<p>Only the first condition is not met. Until foreign investors stop selling, the Sensex and Nifty are more likely to chop than to trend.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_the_Sensex_and_Nifty_Rebound\"><\/span><strong>Risks to the Sensex and Nifty Rebound<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Foreign selling:<\/strong> A fresh round of FII selling would quickly erase gains in the Sensex and Nifty.<\/p>\n<p><strong>RBI guidance:<\/strong> Hawkish signals about further hikes could hit rate-sensitive sectors and the Sensex and Nifty.<\/p>\n<p><strong>Crude oil:<\/strong> A jump back toward $107 would revive inflation fears.<\/p>\n<p><strong>IT earnings:<\/strong> Soft guidance from TCS and Infosys could weigh on the Sensex and Nifty.<\/p>\n<p><strong>Bounce fatigue:<\/strong> One-day rallies in the Sensex and Nifty after long falls often fade without confirmation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Watch_After_the_Sensex_and_Nifty_Rally\"><\/span><strong>What Should Investors Watch After the Sensex and Nifty Rally?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>RBI decision and guidance on 7 October.<\/li>\n<li>FII and DII flow data each evening.<\/li>\n<li>US 10-year yield and the dollar.<\/li>\n<li>Brent crude and the rupee near 96.<\/li>\n<li>TCS results on 8 October.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Sensex and Nifty rallied on 5 October because weak US jobs data cut Fed hike odds, crude and the rupee steadied, and strong bank updates lifted heavyweight stocks. The rebound follows an eight-week fall and leaves the Sensex about 16% below its peak, so confirmation for the Sensex and Nifty needs slower foreign selling and a calm RBI decision on 7 October. Consult a SEBI-registered advisor before making any decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_the_stock_market_up_today\"><\/span><strong>Why is the stock market up today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Sensex and Nifty are up because weak US jobs data cut Fed hike odds, crude oil eased, the rupee opened stronger and bank stocks rose on strong Q2 business updates.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_did_the_US_jobs_report_show\"><\/span><strong>What did the US jobs report show?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> US employers added 29,000 jobs in September against about 84,000 expected. Unemployment rose to 4.2% and wage growth slowed to 3.0%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_the_jobs_data_affect_Fed_hike_odds\"><\/span><strong>How did the jobs data affect Fed hike odds?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The chance of an October Fed hike fell from 23% to 13% after the report, according to CME FedWatch, as cited by Benzinga.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_high_did_the_Sensex_and_Nifty_go_on_5_October\"><\/span><strong>How high did the Sensex and Nifty go on 5 October?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Sensex rose over 600 points to about 72,540 and the Nifty gained nearly 1% to about 22,602 in morning trade, so the Sensex and Nifty ended the morning near their highs.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_Sensex_and_Nifty_rise_despite_foreign_selling\"><\/span><strong>Why did the Sensex and Nifty rise despite foreign selling?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The weak US data and easing oil offset it for a day, and domestic institutions bought more than Rs 10,000 crore on 30 September and 1 October.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Sensex_and_Nifty_rally_sustainable\"><\/span><strong>Is the Sensex and Nifty rally sustainable?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It depends on slower foreign selling, steady crude and a calm RBI decision on 7 October. An eight-week fall does not end in one session.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_is_the_RBI_policy_decision\"><\/span><strong>When is the RBI policy decision?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The RBI MPC meets from 5 to 7 October 2026, and the decision is due on 7 October. Eight of ten economists expect a 25 basis point hike.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_stocks_after_the_Sensex_and_Nifty_rally\"><\/span><strong>Should I buy stocks after the Sensex and Nifty rally?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article does not constitute investment advice. A one-day rebound is not a confirmed trend, so consult a SEBI-registered financial advisor before investing.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is the stock market up today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Sensex and Nifty are up because weak US jobs data cut Fed hike odds, crude oil eased, the rupee opened stronger and bank stocks rose on strong Q2 business updates.\"}},{\"@type\":\"Question\",\"name\":\"What did the US jobs report show?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"US employers added 29,000 jobs in September against about 84,000 expected. Unemployment rose to 4.2% and wage growth slowed to 3.0%.\"}},{\"@type\":\"Question\",\"name\":\"How did the jobs data affect Fed hike odds?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The chance of an October Fed hike fell from 23% to 13% after the report, according to CME FedWatch, as cited by Benzinga.\"}},{\"@type\":\"Question\",\"name\":\"How high did the Sensex and Nifty go on 5 October?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Sensex rose over 600 points to about 72,540 and the Nifty gained nearly 1% to about 22,602 in morning trade, so the Sensex and Nifty ended the morning near their highs.\"}},{\"@type\":\"Question\",\"name\":\"Why did the Sensex and Nifty rise despite foreign selling?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The weak US data and easing oil offset it for a day, and domestic institutions bought more than Rs 10,000 crore on 30 September and 1 October.\"}},{\"@type\":\"Question\",\"name\":\"Is the Sensex and Nifty rally sustainable?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It depends on slower foreign selling, steady crude and a calm RBI decision on 7 October. An eight-week fall does not end in one session.\"}},{\"@type\":\"Question\",\"name\":\"When is the RBI policy decision?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The RBI MPC meets from 5 to 7 October 2026, and the decision is due on 7 October. Eight of ten economists expect a 25 basis point hike.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy stocks after the Sensex and Nifty rally?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This article does not constitute investment advice. A one-day rebound is not a confirmed trend, so consult a SEBI-registered financial advisor before investing.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Why is the stock market up today? Three factors behind the Sensex and Nifty rally, how much each matters and whether the rebound can last.<\/p>\n","protected":false},"author":34,"featured_media":286417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4141,8070,7931,1018,3824,8068,8069],"class_list":["post-286420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crude-oil","tag-fed","tag-market-update","tag-nifty","tag-sensex","tag-stock-market-rally","tag-us-jobs-data"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["286417"],"rank_math_title":["Sensex and Nifty Rally Today: 3 Factors Behind the Rebound"],"rank_math_description":["Sensex and Nifty rallied on 5 October. See the 3 factors, weak US jobs data, easing crude and bank Q2 updates, how much each matters and whether the rebound can last."],"rank_math_focus_keyword":["Sensex and Nifty"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/why-is-the-stock-market-up-today-the-top-3-factors-behind-the-sensex-and-nifty.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/286420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=286420"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/286420\/revisions"}],"predecessor-version":[{"id":286422,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/286420\/revisions\/286422"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/286417"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=286420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=286420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=286420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}