On October 5, 2026, the Indian stock market ended its four-day losing streak with notable gains in several sectors. ITC led the NIFTY50 index with a jump of 5.08%, supported by positive analyst commentary. The market rise was also helped by easing crude oil prices and positive trends in Asian markets.
- ITC was the biggest contributor to the NIFTY50 index.
- PSU banking shares rose after reporting strong credit growth in Q2 FY27.
- BSE, Tata Motors PV, Shriram Finance, and Bajaj Finance were other top gainers.
- HCL Technologies, Max Healthcare Institute, HDFC Bank, Apollo Hospitals, and Asian Paints were among the top losers.
- NIFTY Midcap 100 index increased by 0.67%, while NIFTY Smallcap 100 index declined by 0.47%.
What caused the market to rise on October 5, 2026?
The market rise was mainly due to gains in FMCG, consumer durables, and PSU bank stocks. Analysts noted easing crude oil prices and positive cues from Asian markets as additional factors boosting investor confidence. PSU banks reported strong credit growth in the second quarter of the financial year 2026-27, which further supported the market.
Which stocks led the gains on the NIFTY50 index?
ITC was the top gainer on the NIFTY50 index, rising 5.08%. Analysts from Citi highlighted that ITC’s mitigation actions are progressing better than expected and that profitability is stabilizing. They also mentioned that the earnings downgrade cycle appears to be ending, making the risk-reward profile favorable despite short-term pressures.
Other significant gainers included BSE, which rose 4.39%, Tata Motors PV up 3.31%, Shriram Finance increasing by 2.79%, and Bajaj Finance gaining 2.29%.
Which stocks experienced the biggest declines?
Among the top losers on the NIFTY50 index were HCL Technologies, which fell 3.31%, Max Healthcare Institute down 2.55%, HDFC Bank dropping 2.27%, Apollo Hospitals decreasing by 1.83%, and Asian Paints declining 1.7%.
In the midcap segment, Max Financial Services was the largest loser with a 3.16% decline. UPL Limited and Prestige Estates Projects each slipped 2.77%, while Fortis Healthcare and Bharat Forge also saw losses of 2.7% and 2.24%, respectively.
How did the midcap and smallcap indexes perform?
The NSE’s NIFTY Midcap 100 index gained 0.67%, or 391.65 points, closing at 59,123.65. Leading gainers in this segment included Physicswallah (9.01%), Nuvama Wealth Management (6.38%), Netweb Technologies India (5.42%), R R Kabel (5.39%), and Mangalore Refinery and Petrochemicals (5.06%).
Conversely, the NIFTY Smallcap 100 index declined by 0.47%, or 90.45 points, ending at 19,149.10. Top losers in this category were Bandhan Bank (-4.39%), Welspun Corp (-4.02%), Emmvee Photovoltaic Power (-3.24%), Aegis Logistics (-3.09%), and Belrise Industries (-2.84%).
Frequently Asked Questions
Q: What factors helped ITC’s stock rise on October 5, 2026?
A: Analysts noted that ITC’s mitigation actions are progressing better than expected, profitability is stabilizing, and the earnings downgrade cycle is largely over, making the stock attractive despite short-term challenges.
Q: Why did PSU banking shares perform well?
A: PSU banks reported strong credit growth in the second quarter of the financial year 2026-27, which boosted investor confidence and led to gains in their stock prices.
Q: What caused the decline in some major stocks like HCL Technologies and Max Healthcare?
A: The article does not specify exact reasons for the declines, but these stocks were among the top losers on the day, reflecting sector-specific or company-specific challenges.
