Stock Market Today: Sensex and Nifty Rebound on 5 October as Weak US Jobs Data Cuts Fed Hike Odds, Crude Eases and PSU Banks Surge Before the RBI Decision

Sensex +644 to 72,554, Nifty +190 to 22,612 at 10 AM on 5 Oct. Nifty Bank +1.36%, PSU banks lead. India VIX -6.6% to 13.50. RBI decision 7 Oct.

Updated: 5 Oct 2026 • 11:03 am

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Stock Market Today: Sensex and Nifty Rebound on 5 October as Weak US Jobs Data Cuts Fed Hike Odds, Crude Eases and PSU Banks Surge Before the RBI Decision

Quick Answer

Stock market today opened with a rebound: at 10 AM on 5 October the Sensex was up 644 points, or 0.9%, at 72,554 and the Nifty 50 was up 190 points at 22,612, ending a four-session fall. Global cues drove the move, as weak US jobs data cut the odds of an October Fed hike to under 25% and crude oil eased, although Brent stayed above $100. Banks, metals and oil and gas led, with the Nifty PSU Bank index up over 2% and HDFC Bank up about 1.8%, while IT and pharma lagged. India VIX fell 6.6% to 13.50, but the RBI's policy decision on 7 October is the next big event.

Stock market today is a relief rally after the worst stretch in years. The Sensex and the Nifty 50 rebounded on Monday, 5 October, from an eight-week losing run, the longest in 25 years, that cut the Nifty by about 8.7% and the Sensex by about 8.4%. Both indices closed on Thursday, 1 October, at 71,909.70 and 22,421.95, before the Gandhi Jayanti holiday and the weekend.

If you are searching for why the stock market today is rebounding, this guide covers the Sensex today and Nifty 50 today levels, the global triggers from the US jobs report and crude oil, the sector and stock movers including HDFC Bank and Reliance Industries, the fall in India VIX, the Gift Nifty signal, the rupee, stock-specific moves such as V2 Retail, new listings such as Orient Cables and the RBI policy risk on 7 October. Figures are from morning trade and will change, so recheck them before acting.

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Table of Contents

Why Is the Stock Market Today Rising?

The stock market today is rising for six reasons that mostly point to easing pressure on foreign money and rates:

Weak US September jobs data cut the odds of a Federal Reserve rate hike in October to under 25%.
Crude oil eased, with Brent still above $100 a barrel but lower than last week's $106 to $107.
Asian markets gained, and Gift Nifty indicated a gain of about 149 points at 22,640 before the open.
The rupee opened stronger at 96.20 per dollar against 96.31 on Thursday.
Q2 business updates from HDFC Bank, AU Small Finance Bank and public sector banks showed strong loan growth.
Valuations and sentiment were washed out after eight straight weekly losses.

Some of this is a bounce after an oversold stretch and not a new trend. Foreign investors sold over Rs 9,400 crore on 1 October and Rs 10,100 crore on 30 September, and domestic institutions bought more than Rs 10,000 crore on both days.

Sensex Today and Nifty 50 Today: Key Numbers

Time	Sensex today	Nifty 50 today
Close, 1 October	71,909.70	22,421.95
Open, 5 October	72,340.95 (up 431.25)	About 22,532 (up 110.45)
9:25 AM	72,362.74 (up 453.04)	22,547.70 (up 125.75)
10:00 AM	72,554.17 (up 644.47, 0.9%)	22,612.35 (up 190.40, 0.85%)

In the stock market today, the Nifty Midcap 100 and Smallcap 100 indices rallied over 0.8% each in early trade, outperforming the large caps. India VIX, the market's fear gauge, fell 6.6% to 13.50, which points to a calmer near-term outlook.

Global Cues Behind the Stock Market Today

Friday's US September jobs report showed employers added fewer workers than expected and wage growth slowed. Money markets then priced in less than a 25% chance of an October Fed hike, which lifted Asian shares and supported emerging markets such as India and the stock market today.

Lower US rate expectations matter for India because high US yields and a strong dollar have driven foreign selling and pushed the rupee past 96. A softer outlook for yields eases that pressure, at least for now.

Sector and Stock Movers in the Stock Market Today

Mover	Move on 5 October	Reason
Nifty PSU Bank	Up over 2%	Strong Q2 business updates from Bank of India, PNB, Canara and Indian Bank
Nifty Bank	Up as much as 1.36% to 55,192	HDFC Bank and AU Small Finance Bank lead
HDFC Bank	Up about 1.8% to Rs 734.20	RBI approved Anup Bagchi as the next CEO, and Q2 update showed deposits up 18.8%
Reliance Industries	Up about 0.7% to around Rs 1,176	Easing crude and index-heavyweight buying
V2 Retail	Down 19% to a 52-week low of Rs 162.55	Q2 FY27 business update
DMart	Down about 4%	Q2 business update, near a 52-week low
Orient Cables	Listed at Rs 450, up 65.4%	Issue price was Rs 272

In the stock market today, IT, pharma and healthcare stocks lagged. Max Healthcare fell 1.29% and the Nifty IT index was among the weakest sectors, which is a reversal from last week when IT stocks rose on a weak rupee.

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Rupee, Gold and Crude Oil in the Stock Market Today

For the stock market today, the rupee opened 11 paise stronger at 96.20. Domestic gold and silver prices fell even though international prices rose after the weak US jobs data. Crude oil eased, but any renewed jump toward $107 would again pressure India's import bill and inflation outlook.

RBI Policy: The Event to Watch After the Stock Market Today

The RBI's Monetary Policy Committee meets from 5 to 7 October, and the decision is due on 7 October. The repo rate is 5.25%, unchanged for four reviews after 125 basis points of cuts in 2025. In a Business Standard poll, eight of ten economists expected a 25 basis point hike to 5.50%, which would be the first since February 2023.

RBI policy factor	Latest reading
Repo rate	5.25%
Retail inflation, August	4.82%, above the 4% target for three months
Brent crude	Above $100 a barrel
Rupee	About 96.20 per dollar
Poll expectation	25 basis point hike on 7 October, terminal rate near 5.75% per Barclays

The stock market today already prices much of a hike. A hawkish surprise or a warning about further tightening would weigh on banks and rate-sensitive sectors, while a hold with a cautious tone could extend the rebound.

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Stock Market Today: Support and Resistance Levels

Index	Support 1	Support 2	Resistance 1	Resistance 2
Nifty 50	22,097	21,896	22,747	22,947
Sensex	70,932	70,327	72,888	73,493
Nifty Bank	53,693	53,224	55,208	55,677

These pivot-based levels for the stock market today were calculated from Thursday's trading range and are reference points, not predictions. With the Nifty at 22,612, Resistance 1 at 22,747 is about 0.6% away.

Risks to the Stock Market Today Rebound

Foreign selling: Foreign investors have sold more than Rs 19,500 crore in two sessions, and a pause is not yet visible for the stock market today.

RBI decision: A hike is largely expected, but the guidance on further rate hikes could still surprise.

Crude oil: Brent above $100 keeps inflation and the import bill under pressure.

Earnings season: Q2 results begin with TCS on 8 October, and soft IT demand could cap the rebound.

Rupee: The rupee near 96 remains weak, so any reversal would revive foreign selling.

What Should Investors Watch After the Stock Market Today?

The RBI policy decision and statement on 7 October.
Daily FII and DII flow data.
The US 10-year yield, Fed commentary and the dollar.
Brent crude and any news on the Iran conflict.
Q2 results from TCS on 8 October and the rest of the IT sector.

Conclusion

The stock market today is rebounding as weak US jobs data cuts Fed hike odds and crude oil eases, with the Sensex at 72,554 and the Nifty 50 at 22,612 at 10 AM. PSU banks and HDFC Bank lead, India VIX has dropped to 13.50, and the RBI decision on 7 October is the next test. An eight-week losing run does not end on one session, so treat the stock market today as a relief rally. 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 stock market up today?

Ans. The stock market today is up because weak US jobs data cut the odds of an October Fed hike to under 25%, crude oil eased and Asian markets rose. The rupee also opened stronger at 96.20.

What are the Sensex today and Nifty 50 today levels?

Ans. At 10 AM on 5 October the Sensex was up 644.47 points at 72,554.17 and the Nifty 50 was up 190.40 points at 22,612.35. They closed at 71,909.70 and 22,421.95 on 1 October.

Which sectors are leading the stock market today?

Ans. Banks, metals, and oil and gas lead, with the Nifty PSU Bank index up over 2%. IT, pharma and healthcare stocks are lagging.

What is India VIX and why did it fall?

Ans. India VIX measures expected volatility over the next 30 days. It fell 6.6% to 13.50 as the stock market today rebounded and global fears eased.

When is the RBI policy decision?

Ans. The RBI Monetary Policy Committee meets from 5 to 7 October 2026, and the decision is due on 7 October. The repo rate is currently 5.25%.

Will the RBI hike the repo rate on 7 October?

Ans. Eight of ten economists in a Business Standard poll expect a 25 basis point hike to 5.50%. This is an expectation and not a confirmed decision.

What is Gift Nifty indicating for the Nifty 50 today?

Ans. Gift Nifty indicated a gain of about 149 points, opening at 22,640 against a previous close of 22,491, which pointed to a positive start for the stock market today.

Is it a good time to invest in the stock market today?

Ans. This article does not constitute investment advice. A one-day rebound after an eight-week fall does not confirm a trend, so consult a SEBI-registered financial advisor before investing.