The Sensex and Nifty50 indices rose significantly on October 29, 2026, snapping a two-day losing streak. This positive movement was driven by gains in banking shares and other major sectors, supported by a drop in crude oil prices and the monthly expiry of futures and options contracts.
- The Sensex increased by 905 points to close at 74,151.
- The Nifty50 index rose by 238 points to finish at 22,937.
- Key contributors included Kotak Mahindra Bank, State Bank of India, ICICI Bank, and Reliance Industries.
- Brent crude oil prices fell by 1%, easing concerns over Middle East supply disruptions.
- Broader markets also showed gains, with midcap and smallcap indices advancing.
What caused the Sensex and Nifty50 to rise on October 29, 2026?
The main reasons for the rise were positive investor sentiment influenced by a drop in crude oil prices and the expiry of futures and options contracts on the Sensex. The decline in crude prices was linked to hopes for peace talks, which reduced fears of supply disruptions in the Middle East. Additionally, strong performances by banking and financial sector stocks helped lift the indices.
Which sectors and stocks led the market gains?
Banking shares were among the top performers, with Kotak Mahindra Bank, State Bank of India, and ICICI Bank showing significant gains. Other major contributors included Eternal, Bharti Airtel, Infosys, Adani Ports, and Reliance Industries. The Nifty Realty index gained 2.75%, while indices for PSU Banks, FMCG, IT, Media, Private Banks, and Consumer Durables also rose between 1% and 2.34%.
How did broader markets perform?
Broader market indices also experienced positive movement. The Nifty Midcap 100 index advanced by 1%, and the Nifty Smallcap 100 index gained 0.95%. This indicates widespread buying interest beyond the large-cap stocks.
What were some notable individual stock performances?
Aeroflex Industries surged by 17.5% after reporting a 157% increase in consolidated net profit to ₹37 crore compared to the previous year. Jupiter Wagons rose 9% following a major order from the Ministry of Railways worth ₹1,140 crore for 2,583 wagons. Hyundai Motor India shares increased nearly 6% due to strong sales growth and potential for a turnaround despite a quarterly profit decline.
Which stocks declined despite the overall market rise?
Some Nifty50 stocks saw losses, including Trent, Maruti Suzuki, Bajaj Auto, SBI Life, Eicher Motors, Hindalco, Cipla, Tech Mahindra, and IndiGo. These declines were offset by gains in other sectors.
What was the overall market breadth on October 29, 2026?
The market breadth was positive, with 2,196 shares closing higher and 1,387 shares closing lower on the National Stock Exchange. This suggests a broad-based recovery in the market.
In summary, the Indian equity markets rebounded on October 29, 2026, driven by improved investor confidence from lower crude oil prices and strong performances in banking and other key sectors. The Sensex and Nifty50 indices both ended the day with solid gains, reflecting a positive shift after two days of losses.
