Indian stock markets opened in the green on Tuesday, October 6, extending Monday’s rebound as banking stocks and company updates supported the Sensex and Nifty. However, crude oil near $100 a barrel, foreign investor selling, the rupee and the upcoming RBI policy decision remain the main risks for investors this week.
According to Reuters, at 9:18 AM IST the Nifty 50 was up 0.11% at 22,581.25, while the BSE Sensex was up 0.10% at 72,445.54. Ten of the 16 major sectoral indices were trading higher at the open.
The move follows Monday’s recovery, when the Nifty ended at 22,555.75 and the Sensex closed at 72,382.47, snapping a four-session decline.
Readers can also follow News4Bharat’s dedicated Stock Market News section for continuing updates.
Top gainers today
According to Reuters, Trent jumped about 10% in early trade after the retailer said standalone revenue for the September quarter was expected to have risen 23% year-on-year. Kotak Mahindra Bank gained about 2.6%, while Axis Bank rose around 1.4%, supported by their September-quarter business updates.
According to company updates reported today, Axis Bank said gross advances increased 22.7% year-on-year, while Kotak Mahindra Bank reported 24.7% year-on-year growth in net advances.
Trent, Axis Bank, Kotak Mahindra Bank, Godrej Consumer Products, Vedanta, Tata Steel and IEX are therefore among the stocks to watch today and this week.
PB Fintech share price and latest news
PB Fintech, the parent company of Policybazaar, remains one of the most closely watched stocks.
Today, PB Fintech was trading at ₹981.80 at 9:18 AM IST, up around 0.57%, after opening at ₹984. The stock had traded between ₹972 and ₹985 in early deals.
The bigger story is the fall that came before today. According to Reuters, PB Fintech was hit after IRDAI proposed changes to insurance distribution commissions. The stock recorded a 36% single-session fall on September 24 as investors assessed the possible impact on commission income.
The official NSE PB Fintech page identifies the stock under the symbol POLICYBZR, while the BSE code is 543390. The regulatory proposal remains important because the final rules, rather than the initial market reaction, will decide the long-term business impact.
News4Bharat has previously explained the broader Bima Sugam versus Policybazaar debate, which provides useful background for readers tracking PB Fintech.
What happened in the stock market last week?
Last week was much weaker.
According to Reuters, the Nifty 50 fell 3.1% during the holiday-shortened week, while the Sensex lost 2.7%. It was the eighth consecutive weekly decline for the benchmarks and their longest weekly losing streak in 25 years.
The pressure came from foreign investor selling, crude oil near $100 a barrel, rising global bond yields and weakness in the rupee.
That makes this week’s rebound important, but it does not yet confirm that the correction is over.
Market analyst Ponmudi R told Moneycontrol that 22,600 is an immediate resistance area for the Nifty, while a sustained move above it could open room towards 22,800 to 23,000. He sees 22,400 as immediate support followed by 22,200. These are analyst estimates, not guaranteed market levels.
Gold and silver price today
According to NDTV Profit, based on early-morning bullion rates, 24-carat gold was around ₹1,49,450 per 10 grams and silver around ₹2,26,450 per kg at about 6:15 AM on October 6.
According to Reuters, international spot gold was down about 0.3% at $4,128.83 an ounce, while silver was down about 0.6% at $60.69 an ounce, with higher US bond yields and a stronger dollar weighing on precious metals.
Upcoming IPOs and dividend stocks
According to exchange-linked IPO data, R.K. Fashion Accessories IPO, an NSE SME issue, remains open until October 7 with a price band of ₹77 to ₹82 per share. Its draft prospectus is available through the NSE filing archive.
SRIT India is also in focus for its market debut. The official NSE issue page shows its IPO price band was ₹123 to ₹130 per share.
For dividend investors, the NSE corporate actions calendar shows PTC India going ex-dividend on October 7 for ₹5.50 per share. Investors should check the NSE corporate filings and actions page before taking any position.
What to watch this week
The biggest trigger is the RBI monetary policy decision, along with crude oil prices, the rupee, foreign institutional flows and September-quarter business updates.
Industrialist Harsh Goenka summed up the wider concern in a post cited today: “Indian stocks are down despite strong GDP growth. Why?” He pointed to factors including foreign selling, bond yields, crude oil and currency weakness.
For now, the market is attempting a recovery after an eight-week fall. Whether the Nifty can stay above the 22,400 zone and move past 22,600 may shape near-term sentiment, but investors should treat technical levels as reference points rather than forecasts.
Market data in this report reflects the latest available morning snapshot at publication time on October 6, 2026. Prices can change during trading. This article is for information only and is not investment advice.