On Monday, October 5, the Indian stock market ended higher after a four‑day losing streak, with the S&P BSE SENSEX closing at 72,382.47, up 472.77 points or 0.66%, and the NSE NIFTY50 at 22,555.75, up 133.80 points or 0.6%. The market was buoyed by gains in fast‑moving consumer staples, consumer durables and PSU bank stocks, while easing crude oil prices and positive cues from the Asian market supported sentiment.

The NIFTY50 index reached an intraday high of 22,622, led by heavyweights such as ICICI Bank, Reliance Industries, Bharti Airtel, ITC, Larsen & Toubro, Bajaj Finance and Eternal. ITC rose 5.08%, becoming the biggest contributor to the index’s gain after analysts highlighted that its mitigation actions are progressing better than expected and profitability appears to be bottoming out. Citi analysts noted that the earnings downgrade cycle is largely over and the risk‑reward remains favourable despite near‑term pressures.

PSU banking shares finished higher after reporting strong credit growth in the second quarter of the current financial year. Canara Bank, Bank of India and Bank of Baroda all surged on the news. HDFC Bank shares fell 2.27% after the lender announced that Anup Bagchi is set to become the next chief executive and managing director, contributing to the index’s top losers alongside HCL Technologies (-3.31%), Max Healthcare Institute (-2.55%), Apollo Hospitals (-1.83%) and Asian Paints (-1.7%).

In the NIFTY Midcap 100, the gauge gained 0.67%, closing at 59,123.65. Kalyan Jewellers led the gains with 5.36%, followed by Nykaa parent FSN E-Commerce Ventures (4.49%), AU Small Finance Bank (4.28%), Billionbrains Garage Ventures (4.03%) and Hindustan Copper (3.64%). Max Financial Services was the biggest loser, falling 3.16%, while UPL Limited and Prestige Estates Projects slipped 2.77% each. Fortis Healthcare (-2.7%) and Bharat Forge (-2.24%) also lagged behind.

The NIFTY Smallcap 100 index declined 0.47%, closing at 19,149.10. Physicswallah led the small‑cap gains with 9.01%, followed by Nuvama Wealth Management (6.38%), Netweb Technologies India (5.42%), R R Kabel (5.39%) and Mangalore Refinery and Petrochemicals (5.06%). Among the losers were Bandhan Bank (-4.39%), Welspun Corp (-4.02%), Emmvee Photovoltaic Power (-3.24%), Aegis Logistics (-3.09%) and Belrise Industries (-2.84%).