India Stocks: Indian shares open higher as Fed-hike fears, oil prices ease; financials lead

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05/10/2026 04:55

Updates for markets open
Oct 5 (Reuters) - Indian shares opened higher on Monday after posting their longest weekly losing streak in 25 years, supported by easing concerns over aggressive US monetary tightening and a pullback in oil prices.    
The Nifty 50 .NSEI rose 0.6% to 22,556.45, while the BSE Sensex .BSESN gained 0.67% to 72,390.30, as of 9:18 a.m. IST.
Thirteen of the 16 major sectors logged gains. The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 added 0.9% each.
Financials led the rise after positive quarterly business updates. Banks .NSEBANK and financials .NIFTYFIN gained 1.1% and 1%, respectively, while state-owned lenders .NIFTYPSU added 2%.
HDFC Bank HDBK.NS rose 1% after the country's largest private lender named Anup Bagchi as its next CEO for a three-year term. 
Bajaj Finance BJFN.NS rose 3.6% after posting 11% year-on-year growth in new loans booked in the September quarter in its business update.



 (Reporting by Bharath Rajeswaran in Bengaluru; Editing by Subhranshu Sahu and Ronojoy Mazumdar)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))