Stock Market Snaps Four-Day Losing Streak; Nifty Ends Above 22,500

New Delhi, Oct 5 : The Indian stock market snapped its four-day losing streak on Monday, with the benchmark Nifty closing above the 22,500 mark amid a volatile trading session. Easing crude oil prices and broad-based buying across sectors supported the recovery.

The market opened on a strong note following positive global cues, with the Nifty touching an intraday high of 22,621.80. At the close, the Sensex gained 472.77 points, or 0.66 per cent, to settle at 72,382.47, while the Nifty rose 133.80 points, or 0.60 per cent, to 22,555.75.

The Nifty Midcap and Smallcap indices also advanced 0.5 per cent each.

Most sectoral indices ended in positive territory, with pharma being the sole exception. Consumer Durables, FMCG, Media, Infrastructure, Oil & Gas, PSU Banks, Telecom and Realty stocks gained between 0.5 and 2 per cent.

Among the Nifty constituents, Tata Motors Passenger Vehicles, ITC, Bajaj Finance, Shriram Finance and NTPC were among the major gainers. HCL Technologies, Max Healthcare, HDFC Bank, Asian Paints and Apollo Hospitals were among the prominent laggards.

More than 200 stocks touched their 52-week lows during the session. These included UPL, Swan Corp, Bikaji Foods, Bombay Burmah, Medplus Health, JK Lakshmi Cement, Godawari Power, NBCC (India), IEX, Vedanta Aluminium, IndiaMART InterMESH, Motherson Sumi Wiring India, Trident, General Insurance Corporation of India, ABLBL, Bayer CropScience, Jyothy Labs, Indian Oil Corporation, IRFC and Godrej Consumer Products, among others.

Raymond Realty shares jumped around 6 per cent following a strong second-quarter performance, while HDFC Bank declined 2 per cent. TCS gained 1.4 per cent after announcing an agreement with Best Buy. Punjab National Bank rose 2 per cent despite an administrative warning issued by SEBI.

Vinod Nair, Head of Research at Geojit Investments Limited, said the market recovery was supported by softer-than-expected US jobs data and moderation in crude oil prices, providing some relief to investors assessing the near-term interest-rate outlook.

However, he noted that concerns over elevated crude oil prices, higher bond yields and currency-related risks continued to weigh on market sentiment.

"Attention is now shifting to the RBI policy decision and the upcoming earnings season, with a 25-bps rate hike already largely priced into market expectations," Nair said.

He added that the market was approaching an important juncture, with a rebound possible, although the prevailing risk-off sentiment could encourage investors to book profits until a fresh catalyst emerges.