Archive · 6 Oct 2026
Indian Markets Eye Second-Day Gains as Nifty Expiry Begins
Indian share markets began the weekly Nifty expiry session hoping to build on Monday’s gains.
The Nifty had to move above its Monday high of 22,621 to keep rising.
The article identified 22,350–22,400 as a possible support area if it fell.
Banking stocks were also being watched, especially around the 55,000 level.
Investors were following IT stocks because AI-related shares were attracting buyers around the world.
Oil prices had cooled overnight, but bond yields were still high.
Kotak, Axis and IndusInd were in focus because of business updates.
Trent was also watched after its revenue grew 23% in the second quarter.
Indian markets entered the Nifty weekly expiry session aiming to extend Monday’s gains.
The Nifty’s first hurdle was Monday’s high of 22,621, with support seen around 22,350–22,400.
The Nifty Bank faced pressure above 55,000; traders were watching 55,000–55,200 as an upside zone and 54,350–54,500 as support.
IT stocks were in focus amid global buying in AI-related trades and a record-high Nasdaq; bond yields remained elevated as oil prices cooled overnight.
Kotak, Axis and IndusInd were due to react to business updates, while Trent drew attention after reporting 23% Q2 revenue growth.
- Who
- Indian stock-market participants, including investors watching IT, banking and Trent shares.
- What
- Markets were looking to extend Monday’s gains during the Nifty weekly expiry session.
- When
- The article refers to the Nifty weekly expiry session; it does not state a calendar date.
- Where
- Indian stock markets.
- Why
- Bulls were aiming to build on Monday’s bounce, while traders assessed index levels, business updates and global market cues.
Bullish signals
Cautionary signals
Near-term market direction
Bullish signals
Bulls hoped to extend Monday’s bounce for a second day and move closer to 22,800 on the Nifty.
Cautionary signals
The article described the market’s overall texture as one where rallies were still being sold.
Nifty Bank
Bullish signals
Bulls aimed to retest the 55,000–55,200 zone.
Cautionary signals
The index had met pressure above 55,000, partly due to HDFC Bank’s underperformance.
- Nifty session
- Weekly expiry; the market was looking to extend Monday’s gains.
- Nifty reference high
- Monday’s high was 22,621.
- Nifty levels
- The article cited 22,800 as an upside aim and 22,350–22,400 as support.
- Nifty Bank levels
- The article cited 55,000–55,200 as an upside retest zone and 54,350–54,500 as support.
- Oil and yields
- Oil prices cooled overnight; bond yields remained elevated.
- Trent
- The article reported 23% revenue growth in Q2.
- Stocks in focus
- IT, banking, Kotak, Axis, IndusInd and Trent.