Indian equity markets traded with a strong positive bias on Tuesday, October 6, as benchmark indices extended gains during the session. The Sensex rose around 500 points, while the Nifty 50 traded near the 22,700 level, supported by broad-based buying in several large-cap stocks.

Among the notable gainers, Trent, Kotak Mahindra Bank and Hindustan Unilever (HUL) featured prominently, helping lift overall market sentiment. Buying interest in consumer-facing and banking stocks provided additional support to the benchmarks.

The market's advance comes as investors continue to track corporate developments, global market cues, crude oil prices, foreign fund flows and upcoming economic data. Market participants are also closely watching whether the Nifty can sustain its gains above key technical levels.

Sensex and Nifty performance

The Sensex gained approximately 500 points during the session, reflecting strong buying interest across major sectors. The Nifty 50 moved around 22,700, maintaining a firm tone despite intermittent volatility.

Banking stocks were among the key contributors, with Kotak Mahindra Bank emerging as one of the prominent gainers. Meanwhile, Trent and HUL also attracted buying interest.

Sector-wise trend

The broader market remained mixed to positive, with gains visible across selected banking, consumer and other heavyweight stocks. Investors continued to favour stocks with relatively strong earnings prospects while keeping an eye on global developments.

What investors should watch

Market participants will be watching whether the Nifty can maintain its position around the 22,700 mark and whether buying momentum continues into the closing session. Sustained participation from heavyweight stocks could provide further support, while volatility may remain elevated amid changing global cues.