Sensex, Nifty Rise as Vedanta, Axis Bank Shares in Focus

Domestic equities are likely to see a firm start on Tuesday, October 6, as GIFT Nifty points to gains. The derivative index was hovering near 22,663, up roughly 81 points from the prior Nifty futures settlement.

Market Momentum

Positive sentiment propelled the Sensex and Nifty upward on Monday, halting a recent slide. Easing worries regarding oil availability, alongside favorable global indicators, helped lift investor confidence. The BSE Sensex climbed 472.77 points, representing a 0.66% rise, to settle at 72,382.47. During trading, the index touched a high of 72,631.93, up 722.23 points, or 1%. Meanwhile, the NSE Nifty advanced 133.80 points, or 0.60%, closing at 22,555.75.

On Tuesday, October 6, market participants will monitor specific firms for Q2 FY27 corporate results, new orders, and strategic acquisitions.

Stocks in Focus

Vedanta’s board convenes on October 8 to discuss the distribution of the first interim dividend for the fiscal year. Shareholder eligibility will be determined by the record date of October 14.

IREDA inked a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy on October 5, 2026.

Axis Bank reported that gross advances grew 8.8% on a quarter-on-quarter basis and 22.7% year-on-year to ₹13.84 lakh crore in Q2. Total deposits expanded 5.8% QoQ and 20.7% YoY to reach ₹14.52 lakh crore.

Kotak Mahindra Bank saw net advances increase 24.7% YoY to ₹5.77 lakh crore by the end of Q2. CASA deposits rose 11.3% YoY to ₹2.49 lakh crore, while total deposits increased 23.2% to ₹6.51 lakh crore.

Trent recorded a 23% YoY increase in standalone Q2 revenue, growing from ₹4,724 crore to ₹5,788 crore. The retailer added 10 Westside and 17 Zudio locations during the period, bringing the total store count to 1,342 as of September 30, 2026.

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Marico purchased an additional 24.09% stake in Satiya Nutraceuticals, the parent of the PLIX wellness brand, for ₹1,012.03 crore. This purchase raises Marico’s total ownership in the entity to 84.09% on a fully diluted basis.

Narayana Hrudayalaya has agreed to manage the Mission of Mercy Hospital & Research Centre at Park Street, Kolkata. The partnership involves Mission of Mercy Hospital and Research Centre and The Assemblies of God of North India. The facility contains 100 beds and covers roughly 63,240.37 sq ft.

IndusInd Bank noted a 11.2% YoY rise in net advances to ₹3,62,393 crore as of September 30, 2026, compared to ₹3,25,881 crore previously. Sequentially, net advances grew by 11.1%.

Juniper Hotels finalized a binding MoU with Imagicaaworld Entertainment to acquire the operating Novotel Imagicaa hotel in Khopoli, Maharashtra, for ₹248 crore. The property comprises 287 rooms and sits on approximately 11 acres.

Zydus Lifesciences, in partnership with MSN Laboratories, introduced Riociguat Tablets in the United States. The products are available in strengths of 0.5 mg, 1 mg, 1.5 mg, 2 mg and 2.5 mg. Both companies are the first to market a generic version of Adempas (riociguat) in the U.S.

The Monday market recovery illustrates a shift in mood after weeks of declines caused by global economic uncertainty. This type of rebound was also visible in late 2023 when oil prices stabilized and stronger earnings helped restore investor confidence.

This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.