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The Hindu
Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
On August 6, 2026, the Sensex rose by 374 points, or 0.48%, supported by substantial buying in Reliance Industries and ICICI Bank, even though the Nifty ended virtually unchanged. The markets benefited from a slight decline in crude oil prices, alongside optimistic investor sentiment about potential diplomatic resolutions in the Middle East. The new auction mechanism in effect for shares with futures and options contracts led to noticeable divergence between the two indices, reflecting varied market liquidity levels.
MonitorConfidence: MediumShort term horizon
Published 6 Aug 2026, 12:35 UTC4 min read
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Summary
TL;DR
- Sensex climbed 374 points to settle at 78,954.76
- Nifty closed flat, edging up by just 11.35 points
- Reliance Industries witnessed a 3.43% gain
- Market sentiment buoyed by stable RBI policy and easing crude prices
- Divergence arises from institutional order focusing on Nifty
Interesting facts
- This was the fourth consecutive meeting where RBI maintained a neutral policy stance.
- The introduction of a new auction mechanism affected trading dynamics between Sensex and Nifty.
- Reliance Industries and ICICI Bank were the main drivers behind Sensex gains.