On October 29, 2026, the Sensex rose sharply by over 500 points, reaching an intraday high of 73,901.18, while the Nifty50 index climbed above 22,800, touching 22,874.15. This positive movement was driven by strong buying in fast-moving consumer goods (FMCG) and Central Public Sector Enterprises (CPSE) stocks, supported by foreign institutional investor inflows.
- Sensex gained 551.43 points (0.75%) to 73,797.46 by early afternoon trading.
- Nifty50 increased by 137.20 points (0.60%) to 22,836.05.
- Foreign institutional investors bought shares worth ₹871.83 crore on October 28.
- Domestic institutional investors purchased equities worth ₹643.35 crore.
- Brent crude futures traded near $115 per barrel.
Which stocks led the market gains on October 29, 2026?
Several stocks contributed to the market rally. Power Grid Corporation of India shares rose 4.22% to ₹262 after announcing its September quarter earnings date and dividend record date. Hyundai Motor India shares surged nearly 6% to ₹1,973.80, despite a 24% fall in quarterly net profit, due to strong sales growth and optimism for a turnaround.
Jupiter Wagon's stock jumped over 9% to ₹198 after securing a major order from the Ministry of Railways for 2,583 wagons worth ₹1,140 crore. Birlasoft shares gained nearly 15% to ₹352 following a 37.5% year-on-year increase in consolidated net profit to ₹159.65 crore for the quarter ended September 30, 2026.
Aeroflex Industries shares rallied more than 17.5% to ₹578.5 after reporting a 157% increase in consolidated net profit to ₹37 crore and an 87% rise in revenue for the same quarter. Pidilite Industries also saw a 2.8% gain to ₹1,428.60, backed by a 7.16% rise in consolidated net profit to ₹626.46 crore.
What were the key financial results impacting the market?
Power Grid Corporation recorded a slight 0.8% decline in consolidated net profit to ₹3,598 crore for the April to June quarter of FY27. Hyundai Motor India posted a 24% drop in net profit to ₹1,196 crore for Q2 FY27 but reported an 18.5% increase in revenue to ₹20,696 crore.
United reported a 7.8% fall in net profit to ₹428 crore for Q2 FY27 but saw its shares hit an intraday high of ₹1,279.9. Hero MotoCorp’s standalone net profit rose 5% to ₹1,456 crore, while revenue increased 21% to ₹14,687 crore. However, its shares declined 3.41% due to missed profit estimates.
How did institutional investors influence the market?
Foreign institutional investors (FIIs) and domestic institutional investors (DIIs) were net buyers on October 28, supporting the positive market trend. FIIs purchased shares worth ₹871.83 crore, while DIIs bought equities worth ₹643.35 crore. This inflow helped sustain gains in key sectors such as FMCG and CPSE stocks.
What other notable market events occurred on October 29, 2026?
Jio Platforms continued its strong performance with a 5% rally on the second day after its initial public offering (IPO), which raised ₹30,213 crore and was fully subscribed within 100 minutes. The company is set to announce its Q2 FY27 results on October 30.
Power Grid Corporation announced a record date of November 6, 2026, for its first interim dividend of FY27, with the board meeting scheduled for November 1 to approve quarterly financial results and dividend declaration.
Frequently Asked Questions
Q: What caused the Sensex and Nifty to rise on October 29, 2026?
A: The rise was due to strong buying in FMCG and CPSE stocks, positive quarterly earnings from major companies, and significant foreign and domestic institutional investor inflows.
Q: Which companies showed the strongest stock gains?
A: Birlasoft, Aeroflex Industries, Jupiter Wagon, Power Grid Corporation, and Hyundai Motor India were among the top gainers due to strong earnings and major orders.
Q: How did foreign institutional investors impact the market?
A: FIIs bought shares worth ₹871.83 crore, contributing to the positive momentum in the market.
Q: What major order did Jupiter Wagon receive?
A: Jupiter Wagon received an order from the Ministry of Railways for 2,583 wagons valued at ₹1,140 crore.
