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Sensex jumps 685 points to 73,068 ahead of the RBI decision
The Sensex rose 685.34 points, or 0.95 per cent, to 73,067.81 and the Nifty 50 gained 220.35 points, or 0.98 per cent, to 22,776.10, a second straight gain. Both had opened lower, the Sensex by about 100 points. Advances beat declines 2,685 to 1,495. Midcap and smallcap indices rose about 1 and 1.5 per cent. Pharma and chemicals led; IT was weakest. The rupee closed at 96.43, eight paise lower.
Traders were positioning for Wednesday's RBI decision; the rally shows the market had already priced a hike.
A rising market before a rate decision is no guide to the day after. Avoid chasing.
Two up days after the longest weekly losing run in years can be a rebound, not a recovery.
DailyDrop India edition No. 2 · Morning · TUE., OCT. 6, 2026