Post-Market, 6 May 2026: Sensex And Nifty 50 Witness Strong Rally

By Kotak News Desk
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06 May 2026 at 6:11 PM IST
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Market News
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4 minutes read

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Summary

Benchmark indices, the Sensex and Nifty, recorded gains of over 1% on Wednesday. They rode high on favourable domestic and international cues.

Benchmark indices ended the day on a strong note on Wednesday, 6 May, with both frontline indices registering gains. At the closing bell:

The Sensex gained 940.73 points to close at 77,958.52
The Nifty 50 gained 298.15 points to close at 24,330.95

Even broader indices recorded gains with the Nifty Midcap 100 and the Nifty Smallcap 100 gaining 1.76% and 1.93%, respectively.

Nifty 50 Top Gainers And Losers

The table highlights the top gainers and losers on the Nifty 50 index:


InterGlobe Aviation Limited	Oil & Natural Gas Corporation Limited
Tata Motors Passenger Vehicles Limited	Reliance Industries Limited
Shriram Finance Limited	Power Grid Corporation of India Limited
Trent Limited	NTPC Limited
Asian Paints Limited	Larsen & Toubro Limited

Companies Declaring Q4 FY26 Results

Several companies across industry verticals declared their Q4 FY26 results today, including:

Polycab India Limited: The company recorded a revenue of ₹8,864 crore, up 26.9% year-on-year (YoY) from ₹6,986 crore. Its net profit jumped 6.3% year-on-year (YoY) to ₹773 crore against ₹727 crore.[Text Wrapping Break]
Radico Khaitan Limited: The company’s revenue jumped 15.3% YoY to ₹1,504 crore from ₹1,304 crore. Its net profit stood at ₹179.5 crore, up 94.9% from ₹92.1 crore YoY.
Aditya Birla Real Estate: The company’s revenue stood at ₹82.6 crore, a decline of 79.1% YoY as against ₹395 crore. Its net profit stood at ₹10.8 crore against a loss of ₹131 crore YoY.[Text Wrapping Break]
FirstSource: The company’s net profit stood at ₹205 crore, up by 70.6% quarter-on-quarter (QoQ). Its revenue stood at ₹2,583 crore, up 5.7% QoQ.

Other Key Market Highlights

Some of the other key highlights of the market are:

Foreign institutional investors pulled out over ₹2 lakh crore from India’s secondary markets in the first four months of 2026.
Probable filing of draft red herring prospectus by NSE for its initial public offering (IPO) by 15 June 2026.

Also Read - PNB Q4 FY26 Results: Profit Up 14% to ₹5,225 Crore

Commodity Watch: Gold And Silver

Gold and silver recorded gains in early trade on the Multi-Commodity Exchange (MCX). At 4:02 pm, gold June futures stood at ₹1,52,710 per 10 grams, up 1.97%, while silver July futures stood at ₹2,54,857 per kg, up 4.31%.

The easing of tensions between the US and Iran, coupled with strong AI-led tech learnings, lifted investors' sentiments. Also, on the domestic front, favourable political cues and improved infra executions drove markets.

Sources:

Moneycontrol

NDTV Profit

Nifty Indices

The Times of India

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.

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