Breaking a two-day losing streak, the Indian stock market staged a spectacular comeback on October 29,2026 Driven by positive cues from global markets and broad-based buying by domestic institutional investors, both major indices closed with record gains. The 30-share BSE Sensex surged by 905.01 points—a gain of 1.24%—to close at 74,151.04. Meanwhile, the NSE Nifty 50 index also settled higher, rising by 237.90 points (1.05%) to reach 22,936.75, effectively putting an end to the gloom that had persisted in the market over the last two days.

Rally fueled by US Fed decision and widespread buying

The primary catalyst for this robust rally was the US Federal Reserve’s decision to keep interest rates unchanged within the 3.75% to 4% range. This move brought a sense of relief to global markets, which in turn had a direct, positive impact on the sentiment of Indian investors. Significant buying at lower levels—particularly in the IT, FMCG, and public sector banking stocks—provided strong support to the market. As a result of this one-day rally, the total market capitalization of companies listed on the Bombay Stock Exchange increased by approximately ₹5 lakh crore, crossing the ₹477 lakh crore mark and leading to a substantial rise in investor wealth.

Strong surge in FMCG and public sector banks; auto sector lags

Among sectoral indices, the Realty and FMCG indices led the gains in today’s trading session. Nifty Realty and Nifty FMCG witnessed strong gains of 2.75 percent and 2.34 percent, respectively, while the Nifty PSU Bank index—representing public sector banks—also saw a significant jump of 2.20 percent. In contrast, the automobile sector failed to keep pace with the broader market trend and remained under pressure due to weak projections for monthly auto sales; consequently, the Nifty Auto index closed 0.24 percent lower.