Indian equity benchmarks staged a massive broad-based rally on Thursday, 15 October 2026, breaking past recent consolidation zones. The BSE Sensex surged 1,533.72 points (+2.11%) to close firmly at 74,315.61, while the NSE Nifty 50 jumped 374.65 points (+1.66%) to settle at 22,997.35, ending just a breath shy of the psychological 23,000 milestone.
The blockbuster session was propelled by relentless buying in heavyweight financial and technology shares. Sectorally, Nifty Bank, Financial Services, and Nifty IT posted gains of over 2%, alongside resilient contributions from metal and auto counters. Key index heavyweights, including HDFC Bank, ICICI Bank, Infosys, and Reliance Industries, featured among the day's top gainers, while defensives like pharma saw minor profit-taking.
Macroeconomic tailwinds significantly improved risk sentiment. Moderating Brent crude oil prices—hovering near $77 per barrel—alleviated inflation concerns, while the Indian Rupee traded with a positive bias against the US Dollar. Relentless support from Domestic Institutional Investors (DIIs) paired with renewed net buying from Foreign Institutional Investors (FIIs) following supportive global market cues provided robust liquidity to fuel today's sharp uptick.