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Indian shares rise after Fed holds rates steady; earnings-led gains boost optimism
Benchmark gains were driven by foreign and domestic buying, while easing crude and strong earnings lifted banking, FMCG and Adani Ports.
- On Thursday, October 29, 2026, benchmark equity indices Sensex and Nifty rose in early trade, driven by buying in blue-chip stock Reliance Industries and foreign fund inflows.
- Vinod Nair, Head of Research at Geojit Investments, said the Federal Reserve's rate pause at about 3.9% and sustained institutional support improved market risk appetite despite external headwinds.
- The 30-share BSE Sensex jumped 1.24% to 74,151.04, while the 50-share NSE Nifty rose 1.05%. Adani Ports gained over 5% after reporting an 18% increase in consolidated net profit.
- Foreign Institutional Investors bought equities worth ₹871.83 crore on Wednesday, while DIIs also purchased shares worth ₹643.35 crore, according to exchange data.
- Asian markets were mixed, with South Korea's Kospi falling 3% while Japan's Nikkei 225 benchmark remained flat. Near-term momentum hinges on domestic earnings and energy prices, Nair noted.
Insights by Ground AI
35 Articles
35 Articles
Stock Market Rally Today: The Sensex and Nifty suddenly changed their trajectory on Thursday. After a slow start, the BSE Sensex jumped by more than 600 points in one go. The Nifty also appeared to be in a frenzy.
Coverage Details
Total News Sources35
Leaning Left1Leaning Right8Center3Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
C 25%
R 67%
Factuality
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