Sensex Today Rallies 940 Points | Nifty Above 24,320 | 3 Reasons why Indian Stock Markets Are Rising

Wed, 6 May Closing

   Previous Close   

   Pre-Open   

   10:30 am   

After opening higher, Indian markets slipped into negative territory during intraday trade before recovering some losses and eventually ending the session on a firm note.

Indian stock markets staged a sharp rebound on Wednesday, with the Sensex and Nifty reversing early losses and surging over 1% after a report suggested that the US and Iran are nearing a deal to end the Middle East conflict, triggering a steep decline in oil prices.

At the closing bell, the BSE Sensex  closed higher by 940 points (up 1.2%).

Meanwhile, the NSE Nifty closed 298 points higher (up 1.24%).

Trent, Asian Paints and IndiGo among the top gainers today.

ONGC, L&T and Power Grid Corporation on the other hand, were among the top losers today.

The GIFT Nifty was trading at 24,432 up by 322.5 points at the time of writing.

The BSE 150 Midcap index ended 1.7% higher and the BSE 250 Smallcap index ended 1.8% higher.

Sectoral indices ended the session on a mixed note, with auto and telecom stocks closing in the green, while selling pressure was seen in power and FMCG counters.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at 94.45 against the US$.

Gold prices for the latest contract on MCX are trading 3.98% lower at Rs 254,041 per 10 grams.

Meanwhile, silver prices were trading 7% higher at Rs 250,032 per 1 kg.

3 reasons why India share markets are rising:

#1 Improved geopolitical outlook

Investors grew optimistic due to expectations of an earlier resolution to ongoing geopolitical tensions, particularly involving Iran and the US. Reduced uncertainty typically encourages risk-taking, which supports stock markets and strengthens currencies.

#2 Broad-based global market rally

Equity markets around the world moved higher, with strong gains in the US (S&P 500 and Nasdaq), Europe (FTSE, CAC, DAX), and Asia (Kospi, Shanghai Composite, Hang Seng). This widespread rally reflects renewed investor confidence and positive economic sentiment globally.

#3 Decline in oil prices easing pressure

Crude oil prices dropped sharply (over 5-6%), after previously spiking above $120 per barrel. Lower oil prices help reduce inflation concerns, lower input costs for businesses, and benefit oil-importing countries like India-contributing to gains in the rupee and overall market stability.

Speaking of stock markets, Rahul Shah highlights that short-term market movements are often noise, and investors should instead focus on long-term wealth creation with a 7-year horizon.

He emphasizes investing in fundamentally strong companies with stable earnings, low volatility, and reasonable valuations to manage risk effectively. He also notes that a disciplined, data-driven approach helps investors avoid emotional decisions and achieve better long-term outcomes.

Watch to know more.

HDFC Bank Share Price Rise

In the news from the banking sector, shares of HDFC Bank rose around 3% on May 6, driven by easing concerns around corporate governance at the lender.

According to reports, independent legal reviews conducted by firms such as Trilegal and Wadia Ghandy & Co have not found any major governance lapses. This development has helped restore investor confidence and is expected to clear the path for the reappointment of CEO Sashidhar Jagdishan.

The review was initiated after former chairman Atanu Chakraborty stepped down in March, citing a misalignment between his personal values and the bank's practices. His exit had triggered uncertainty, leading to a sharp 13.81% fall in the stock and wiping out nearly $16 billion in market value at the time.

The situation had also drawn attention from the Reserve Bank of India, which issued a statement to reassure depositors and investors about the stability of the country's largest private sector bank.

With no major governance concerns emerging from the review, sentiment around the stock has improved, supporting the recent uptick in share price.

HDFC Bank is one of India's largest private banks, founded in 1994 and headquartered in Mumbai.

It offers retail, corporate, and digital banking services, including loans, deposits, and credit cards. Known for strong asset quality and technology focus, it has grown rapidly over decades.

KPI Green Energy Jumps 11%

Moving on, shares of KPI Green Energy gained nearly 5% in Wednesday's afternoon trade, after surging as much as 11.3% intraday following the announcement of its Q4 FY26 results.

The renewable energy company delivered a strong performance, marking its eighth consecutive quarter of record revenue along with its highest-ever full-year results. The stock was trading at Rs 478.5 during the session, taking its one-year gains to 26.2% and pushing its market capitalisation beyond Rs 10,000 crore.

The rally was supported by robust growth across key financial metrics in the January-March quarter. This performance was driven by strong execution of renewable energy projects, expansion of its independent power producer (IPP) portfolio, and higher contribution from multiple business verticals.

ounded in 2008, the company has emerged as a leading renewable energy player, particularly in Gujarat, with a growing presence across India. KPI Green Energy is well known for its strong position in solar power generation and third-party power sales within the state.

The company operates through 2 business verticals. As an Independent Power Producer (IPP), it develops, owns, and operates renewable energy projects, supplying to 3rd party customers.

Why Airlines Stocks are Rising

Moving on, shares of SpiceJet and IndiGo surged in Wednesday's trade after the government approved the Emergency Credit Line Guarantee Scheme (ECLGS 5.0) to support MSMEs and sectors, including airlines, impacted by the ongoing West Asia conflict.

SpiceJet hit the upper circuit of 5% at Rs 12.70 per share, while IndiGo's parent InterGlobe Aviation gained nearly 4% to Rs 4,376.7.

The rally followed the Union Cabinet's approval of ECLGS 5.0 with an outlay of Rs 181 bn, aimed at unlocking additional credit flow of around Rs 2.5 tn. Of this, Rs 50 bn has been specifically allocated for the airline sector.

According to Civil Aviation Minister K Rammohan Naidu, the scheme is designed to ease short-term liquidity pressures, helping airlines maintain operations despite global disruptions. He added that the initiative would support jobs, sustain connectivity, and strengthen the resilience of the aviation ecosystem, alongside providing relief to MSMEs.

Information and Broadcasting Minister Ashwini Vaishnaw also noted that the measure targets financial stress arising from the West Asia conflict, particularly in vulnerable sectors.

Under the framework, passenger airlines can access up to 100% of their peak credit requirement, capped at Rs 15 bn, while other eligible institutions can avail up to 20% of their fund-based working capital, up to Rs 1 bn.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers