Sensex snaps a four-day slide and closes 473 points higher at 72,382

The BSE Sensex closed Monday, 5 October 2026, up 472.77 points, or 0.66 percent, at 72,382.47. The NSE Nifty rose 133.80 points, or 0.60 percent, to 22,555.75. It was the first up close after four losing sessions, and it arrived after eight straight down weeks, the longest weekly losing run in 25 years.

Intraday, the Sensex touched 72,631.93, up 722.23 points, before giving back part of the rise into the close. Early trade had already shown the direction: the index was up about 490 points at 72,399.93, with the Nifty up 144.75 at 22,566.70. The afternoon did not reverse the day. It only trimmed it.

ITC led the Sensex gainers, followed by Eternal, Bharti Airtel, Bajaj Finance, Adani Ports, ICICI Bank, Reliance Industries and Larsen & Toubro. Titan, NTPC, Maruti, Axis Bank and Power Grid were also higher. On the other side sat HCL Tech, HDFC Bank, Sun Pharma, Infosys, Asian Paints, BEL and Tech Mahindra. The split is readable. Domestic and commodity-linked names carried the index. A slice of IT and one heavy bank did not.

Among Nifty names, ITC, BSE Ltd and Tata Motors Passenger Vehicles sat near the top of the gainers, with Adani Ports, NTPC, Eternal, Reliance, ICICI Bank, Bharti Airtel, TCS, ONGC, Power Grid, Axis Bank, State Bank of India and Bajaj Finserv also up. TCS rising while Infosys and HCL fell is a reminder that IT did not move as a block. Sector tapes were firmer in PSU banks, media and metal, each up as much as about 1 percent in the morning, with realty up 0.93 percent. IT, auto and pharma were closer to flat.

The cue traders cited was Friday's US labour report. Nonfarm payrolls rose by 29,000 in September, below every estimate in a Bloomberg survey and well under forecasts clustered around 85,000 to 90,000. Unemployment moved to 4.2 percent. Wages rose 0.1 percent on the month. Revisions cut about 60,000 jobs from July and August. Odds of an October Federal Reserve rate increase fell from about 70 percent earlier in the week to about 20 percent or less. Ajit Mishra of Religare Broking tied the Indian bounce to that softer print and to crude easing off recent highs. Vinod Nair of Geojit said attention now shifts to the Reserve Bank's policy decision and to the earnings season.

Crude did not collapse. Brent was quoted near 101.60 dollars in early Asian trade, down 70 cents, and later near 102.40, up 0.19 percent, in one Mumbai close report. Either print is still a triple-digit barrel. For an importer, the relief is the absence of a fresh spike, not a cheap barrel. The dollar index held near 102, close to its highest since April 2025, even after the weak jobs number. A firmer dollar usually works against emerging-market equities. On Monday the jobs surprise outweighed it.

Asia was mixed in a way that fits a holiday calendar. Japan's Nikkei rose more than 2 percent. Hong Kong's Hang Seng ended marginally higher. Seoul and Shanghai were shut. Europe was mixed. US stocks had closed higher on Friday after the payrolls release. Indian equities were catching up to that Friday move after a long local losing streak, not pricing a new domestic fact.

The level that matters into the RBI meeting is 22,555 on the Nifty, not the 473-point headline. Eight down weeks have left the index well below where it stood before the streak. One session that recovers less than a third of a bad week does not end that damage. It does end the four-day run of lower closes, and it sets the tape for earnings with ITC and Reliance on the right side of the ledger and the large IT names split.