10 things that will decide Wednesday's D-St action

Nifty22, 776.10220.35. Motilal Oswal Midcap Fund Direct-Growth.

Key points

• While Nifty 50 gained over 220 points to end the session at 22, 776, sensex rose over 685 points to close at 73, 068.
• Top Trending Stocks: SBI Share Cost, Axis Bank Share Rate, HDFC Bank Share Cost, Infosys Share Rate, Wipro Share Cost, NTPC Share Rate.
• Indian equities extended their rebound for a second session, with Sensex rising 685 points and Nifty gaining over 220 points.
• Most of the 'Magnificent Seven' stocks edged higher in early trading, with Meta, Tesla and Amazon.com all up.
• Ahead of Market: 10 things that will decide stock market action on Wednesday.

Nifty22, 776.10220.35. Motilal Oswal Midcap Fund Direct-Growth. The Economic Times daily newspaper is available online now.

Ahead of Market: 10 things that will decide stock market action on Wednesday. ETMarkets.comLast Updated: Oct 06, 2026, 09: 10: 00 PM IST.

Indian equities extended their rebound for a second session, with Sensex rising 685 points and Nifty gaining over 220 points. Falling crude rates, robust Q2 business updates and positive global cues lifted investor sentiment, adding almost Rs 5 lakh crore to BSE market capitalisation.

For context, the Indian stock market extended sharp gains on Tuesday, with Sensex and Nifty rising up to almost 1% each as cooling oil costs, solid Q2 updates and other factors boosted investor confidence for the second consecutive session after an incessant selloff. While Nifty 50 gained over 220 points to end the session at 22, 776, sensex rose over 685 points to close at 73, 068. The gains continued almost Rs 5 lakh crore to the total market capitalisation of all firms listed on BSE, pushing it near Rs 474 lakh crore.

Why did market rise on Tuesday? Here's how analysts read the market pulse "Crude oil rates slipped below the $100 mark after a substantial G7 stockpile release and alternative supply measures supported offset disruptions to vessel movements through the Strait of Hormuz. Coupled with solid Q2 business updates from financials and retail along with supportive global cues, the decline in oil costs improved investors' sentiment and backed a rebound from the oversold levels. Domestically, attention now shifts to the Q2 earnings season for silver lining amidst subdued sequential expectations due to elevated input costs. Large-cap stocks remain relatively better placed, backed by attractive valuations and a stronger ability to absorb cost pressures. Investors additionally remain cautious ahead of the RBI policy decision, with the focus firmly on the central bank's inflation outlook and guidance on further policy tightening, " stated Vinod Nair, Head of Research, Geojit Investments. Live Events.

While investors looked ahead to the upcoming quarterly earnings season, US stocks The benchmark S&P 500 and the Nasdaq hit record highs on Tuesday as Treasury yields eased from multi-year highs and oil rates fell. Most of the 'Magnificent Seven' stocks edged higher in early trading, with Meta, Tesla and Amazon.com all up. Apple and Alphabet were outliers, down regarding 0.2% each. While France's CAC 40 and Germany's DAX each gained 0.6%, european markets In European trading, Britain's FTSE 100 gained 0.4%. Meanwhile, the pan-European STOXX 600 firmed 0.5%. The euro rose 0.3% to 1.1253, stabilising after hitting a 17-month low in the previous session due to reservations concerning the euro zone's fiscal outlook. Political uncertainty additionally deepened after Spain called a snap election on Monday. France's 10-year bond yield fell regarding 18 basis points to 4.76% after surging to its highest since the 2000s last week. Far-right leader Marine Le Pen, the frontrunner in next spring's presidential election, rose her aims to slash spending if elected in 2027. Explained: How RBI rate hike may impact Sensex, Nifty after 8-week losing streak Most active stocks in terms of turnover BSE (Rs 2, 251 crore), RIL (Rs 2, 181 crore), Trent (Rs 1, 919 crore), HDFC Bank (Rs 1, 885 crore), Kotak Mahindra Bank (Rs 1, 726 crore), ICICI Bank (Rs 1, 632 crore) and Honasa Consumer (Rs 1, 169 crore) were among the most active stocks on NSE in value terms. Higher activity in a counter in value terms can support identify the counters with the highest trading turnovers in the day. Most active stocks in volume terms Vodafone Idea (Traded shares: 33.73 crore), Ola Electric (Traded shares: 5.71 crore), Yes Bank (Traded shares: 4.89 crore), Reliance Power (Traded shares: 4.87 crore), Suzlon Energy (Traded shares: 4.25 crore), Groww (Traded shares: 4.14 crore) and Kotak Mahindra Bank (Traded shares: 4 crore) were among the most actively traded stocks in volume terms on NSE. Stocks showing buying interest Trent, Urban Firm, Aether Industries, PG Electroplast, Honasa Consumer, HEG and Motilal Oswal were among the stocks that witnessed robust buying interest from market participants. 52-week high Among the ones which hit their 52-week highs on NSE included Aether Industries, BHEL, Kalpataru Power, HFCL, Cupid, Sterlite Tech and Aditya Infotech. Stocks seeing selling pressure Stocks which witnessed significant selling pressure were Coal India, Phoenix Mills, Signatureglobal India, Bandhan Bank, Global Health, Rainbow Childrens and Federal Bank. 52-week low Among the ones which hit their 52-week lows on NSE included Max Healthcare, GIC, HUDCO, Bharti Hexacom, DMart, IOC and Max Financial. Sentiment meter favours bulls Out of the 3, 695 stocks that traded on the NSE on October 6, Tuesday, 2, 455 stocks witnessed advances, 1, 125 stocks saw declines while 115 stocks remained unchanged. CAS sent Nifty soaring 300 points in a minute to breach 23, 000 on expiry day Disclaimer: This article has been written by Debaroti Adhikary. This person is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her 'relative(s)' (as defined under Section 2(77) of the Firms Act, 2013) do not hold any financial interest in the businesses mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/documented with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and create their investment decisions based on their own assessment. Brokerage disclaimers here.

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For now, 10 things that will decide Wednesday' s D remains the part of the story worth watching, and further updates are likely as more details are confirmed.