Sensex gains almost 480 points, Nifty settles above 22,750
Indian indices closed Monday higher as buying in metals and pharma lifted the Sensex and Nifty, though investor sentiment remains fragile overall.
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what happened
Indian equities finished Monday's session higher. The Sensex closed at 73,606.75, up 482.92 points or 0.66 per cent, while the Nifty rose 153.20 points, or 0.68 per cent, to settle at 22,753.20, according to Moody's.
Buying concentrated in metals, pharmaceuticals and healthcare, which each gained more than 1 per cent. FMCG, media, consumer durables and chemicals stocks declined. All broad indices closed in positive territory, but analysts say the improvement in sentiment has been selective rather than decisive.
At the time of reporting, Brent crude traded near 114.65 dollars a barrel and the rupee had weakened to 95.19 against the dollar. PL Capital analysts warned that expensive crude and a weaker currency pose risks to inflation, corporate margins and foreign investor flows.
why it matters
Two factors will decide whether the rebound lasts: quarterly earnings and the trajectory of oil, the rupee and the US Federal Reserve's policy outlook. Analysts recommend a selective approach and say it is too early to conclude that a durable market bottom has formed.
market impact
Indian stocks and rupee: expensive oil pressures corporate margins and the currency
instruments
sources
- Sensex surges over 480 points, Nifty settles at 22,753 amid buying in metals, pharma — Moody's, 26 October 2026 at 19:09 UTC
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