On October 29, 2026, the Indian stock market saw significant gains with the SENSEX closing 905.01 points higher at 74,151.04, a 1.24% increase, and the NIFTY50 rising by 237.90 points or 1.05% to end at 22,936.75. This positive movement was driven by strong performances from several major companies.
- The SENSEX reached an intraday high of 74,166.16, up 1.26%.
- The NIFTY50 peaked at 22,961.95 during the session, up 1.16%.
- Foreign institutional investors (FIIs) bought shares worth ₹871.83 crore.
- Domestic institutional investors (DIIs) purchased equities worth ₹643.35 crore.
- Top gainers included Adani Ports & SEZ, Adani Enterprises, and Power Grid Corporation of India.
- Top losers included Trent, Maruti Suzuki, and SBI Life Insurance Company.
Which stocks led the market gains on October 29?
Adani Ports & SEZ was the leading gainer, closing 6.17% higher. This followed its announcement of a consolidated net profit of ₹3,622 crore for the July-September quarter (Q2 FY27), marking a 17% increase year-on-year from ₹3,109 crore in the same period last year.
Adani Enterprises shares rose 5.69% despite reporting a 54.84% decline in consolidated profit after tax to ₹1,492.04 crore in Q2 FY27. The company’s revenue from operations increased by 75.14% to ₹37,215.62 crore compared to ₹21,248.51 crore in the previous year’s quarter.
Power Grid Corporation of India’s stock jumped 4.22% after the company announced its September quarter earnings date and set November 6, 2026, as the record date for its first interim dividend payout for FY27.
Other notable gainers included Kotak Mahindra Bank, which rose 4.09%, and Eternal, which increased by 3.40%.
Which stocks experienced the biggest declines?
Among the top losers, Trent fell by 1.68%, Maruti Suzuki dropped 1.11%, and SBI Life Insurance Company declined by 1.06%. Bajaj Auto and Cipla also saw minor decreases of 0.65% and 0.57%, respectively.
How did the midcap and smallcap indices perform?
The NSE Midcap index closed at 57,841.65, up 566.95 points or 0.99%. Leading midcap gainers were JSW Energy (5.59%), United Spirits (5.06%), Blue Star (4.69%), NLC India (4.58%), and Marico (4.32%).
On the downside, midcap laggards included Hero MotoCorp (-4.09%), GMR Airport (-2.72%), Exide Industries (-2.60%), ICICI Asset Management Company (-1.67%), and Lenskart Solutions (-1.55%).
The NIFTY Smallcap index rose by 176.45 points or 0.95% to close at 18,811.35. Top smallcap gainers were Poonawalla Fincorp (9.86%), Syrma SGS Technology (6.78%), Gallantt Ispat (6.29%), Acutaas Chemicals (6.20%), and City Union Bank (5.53%).
Smallcap stocks that declined included Ola Electric Mobility (-4.56%), RR Kabel (-4.55%), Neuland Laboratories (-3.38%), Syngene International (-3.14%), and Navin Fluorine International (-2.83%).
Frequently Asked Questions
Q: What caused the rise in Adani Ports & SEZ shares?
A: The shares rose 6.17% after the company reported a strong consolidated net profit of ₹3,622 crore for Q2 FY27, a 17% increase compared to the previous year.
Q: Why did Adani Enterprises shares increase despite lower profits?
A: Although Adani Enterprises reported a 54.84% decline in profit after tax, its revenue from operations grew by 75.14%, which supported the share price increase.
Q: What is the significance of the Power Grid Corporation's record date?
A: The record date of November 6, 2026, determines which shareholders are eligible to receive the company’s first interim dividend for FY27.
