SENSEX rises over 450 points, NIFTY50 above 22,500 led by gains in HDFC Bank, Bajaj Finance

The Indian equity benchmarks staged a gap up opening on Monday, October 5, mirroring positive trend in Asian markets after crude oil declined in the global markets.

The SENSEX rose as much as 474 points and NIFTY50 index touched an intraday high of 22,563 led by gains in index heavyweights like HDFC Bank, Bajaj Finance, Reliance Industries, Larsen & Toubro, State Bank of India, ITC and Axis Bank.

As of 9:19 am, the SENSEX was up 473 points at 72,382 and NIFTY50 index advanced 121 points to 22,547.

Most of the Asian markets were trading higher as rate hike bets in US eased on the back of weak September jobs data and declining crude prices.

Australia's S&P ASX 200 index advanced 0.3%, Japan's Nikkei surged 2.6% and Hong Kong's Hang Seng slipped 0.23%.

Markets in China and South Korea were closed on account of holiday.

Back home, Bajaj Finance was top gainer in the NIFTY50 index, the stock climbed over 3% to an intraday high of ₹983 after its board approved raising capital up to ₹11,700 crore via Qualified Institutions Placement (QIP). Its board also approved preferential issue of warrants convertible into equivalent number of equity shares for an aggregate amount not exceeding ₹5,800 crore.

HDFC Bank climbed 1.8% after market participants gave a thumbs up to Anup Bagchi's appointment MD and CEO. The bank in its quarterly updates said that average advances under management were ₹31,87,200 crore for the September 2026 quarter, a growth of around 14% over ₹27,94,600 crore for the corresponding September 2025 period.

The bank’s period end advances under management were approximately ₹33,07,500 crore as of September 30, 2026, a growth of around 15.3% over ₹28,68,800 crore as of September 30, 2025.

ITC, Coal India, Shriram Finance, Grasim Industries, NTPC, UltraTech Cement, TCS, State Bank of India, Bajaj Finserv and Larsen & Toubro also rose between 1.4% and 2.2%.

On the flip side, Apollo Hospitals, Max Healthcare, Cipla, Bajaj Auto, Asian Paints, Infosys, Mahindra & Mahindra, Bharat Electronics and Dr Reddy's Labs were top losers in the NIFTY50 index.

Buying was visible across board as 12 of 15 major sector gauges compiled by the National Stock Exchange were trading higher led by the NIFTY PSU Bank index's 1.9% gain. NIFTY Bank, Financial Services, FMCG, Media, Private Bank, Realty, Consumer Durables and Oil & Gas indices also rose between 1% and 1.5%.

On the other hand, pharma, auto and healthcare shares were facing selling pressure.

Broader markets were witnessing buying interest as NIFTY Midcap 100 index advanced 0.6% and NIFTY Smallcap 100 index gained 0.8%.

The overall market breadth was positive as 2,156 shares were advancing while 967 were declining on the NSE.