Daily Market Wrap-Up: 29 October 2026 — Nifty Reclaims 22,900 as Adani Stocks, Realty and FMCG Lead Recovery
Executive Summary
Indian equity markets staged a strong rebound on Thursday after the previous session’s decline. The Nifty 50 gained 237.90 points to close at 22,936.75, while the Sensex advanced 905.01 points to 74,151.04. Buying in realty, FMCG, banking, power and heavyweight stocks supported the recovery.
Adani Ports, Adani Enterprises, Power Grid and Kotak Mahindra Bank led the Nifty 50 gainers. Trent, Maruti Suzuki and SBI Life Insurance ended lower. The rally followed the US Federal Reserve’s decision to keep interest rates unchanged at 3.75%–4.00%, while a modest easing in crude oil prices helped improve sentiment.
Key Index Closing Data
| Index | Closing Level | Change |
|---|---|---|
| Nifty 50 | 22,936.75 | +237.90 points (+1.05%) |
| BSE Sensex | 74,151.04 | +905.01 points (+1.24%) |
| Nifty Bank | 54,909.65 | +642.25 points (+1.18%) |
| Nifty Midcap 100 | 57,841.65 | +566.95 points (+0.99%) |
| Nifty Smallcap 100 | 18,811.35 | +176.45 points (+0.95%) |
| Nifty 500 | 21,941.50 | +0.99% |
The Nifty 50 traded between 22,656.75 and 22,961.95 before closing near the day’s high. The Sensex also finished strongly, reflecting improved buying interest across large-cap shares. Mid-cap and small-cap indices advanced as well, indicating participation beyond the benchmark heavyweights.
FII/FPI and DII Activity
Institutional trading across the NSE, BSE and MSEI capital market segments showed domestic institutional investors as net buyers and foreign investors as net sellers on 29 October 2026.
| Category | Buy Value | Sell Value | Net Value |
|---|---|---|---|
| DII | ₹18,458.64 crore | ₹16,534.23 crore | +₹1,924.41 crore |
| FII/FPI | ₹13,400.29 crore | ₹14,343.89 crore | −₹943.60 crore |
| Combined Net Flow | +₹980.81 crore |
Domestic institutional investors recorded net buying of ₹1,924.41 crore, partly offsetting foreign institutional net selling of ₹943.60 crore. Combined institutional net buying stood at ₹980.81 crore. This indicates that domestic buying outweighed foreign selling during the session.
Sectoral Performance Matrix
| Sectoral Index | Closing Level | Change |
|---|---|---|
| Nifty Realty | 819.80 | +2.75% |
| Nifty FMCG | 43,882.95 | +2.34% |
| Nifty PSU Bank | 8,312.50 | +2.20% |
| Nifty Private Bank | 27,052.60 | +1.24% |
| Nifty Bank | 54,909.65 | +1.18% |
| Nifty Infrastructure | 8,792.50 | +1.18% |
| Nifty Consumer Durables | 35,149.75 | +1.18% |
| Nifty Financial Services | 24,704.55 | +1.17% |
| Nifty Media | 1,655.35 | +1.10% |
| Nifty Energy | 35,299.00 | +1.01% |
| Nifty IT | 31,866.40 | +0.99% |
| Nifty Metal | 11,848.45 | +0.67% |
| Nifty Pharma | 26,710.80 | +0.64% |
| Nifty Auto | 25,645.60 | −0.24% |
Realty and FMCG led the sectoral recovery, followed by PSU banks. Most major sectors finished higher, while auto stocks were a notable exception.
Top Nifty 50 Gainers
| Stock | Closing Price | Change |
|---|---|---|
| Adani Ports | ₹1,869.90 | +6.17% |
| Adani Enterprises | ₹2,621.00 | +5.69% |
| Power Grid | ₹262.00 | +4.22% |
| Kotak Mahindra Bank | ₹458.00 | +4.09% |
| Eternal | ₹337.10 | +3.40% |
Adani Ports led the gainers after reporting stronger quarterly profitability and cargo volumes. Adani Enterprises also advanced despite a year-on-year decline in quarterly profit, as revenue from operations rose sharply. Power Grid gained amid company-related developments, while Kotak Mahindra Bank benefited from strength in financial stocks.
Top Nifty 50 Losers
| Stock | Closing Price | Change |
|---|---|---|
| Trent | ₹2,865.00 | −1.68% |
| Maruti Suzuki | ₹11,450.00 | −1.11% |
| SBI Life Insurance | ₹1,649.00 | −1.06% |
| Bajaj Auto | ₹10,383.00 | −0.65% |
| Cipla | ₹1,358.00 | −0.57% |
Despite the broader rally, selected consumer, auto and insurance stocks remained under pressure. Trent and Maruti Suzuki were among the weakest Nifty 50 constituents.
Market Breadth
Market breadth favoured the bulls. Of 3,693 stocks traded on the NSE, 2,196 advanced, 1,387 declined and 110 remained unchanged. A total of 54 stocks touched fresh 52-week highs, while 117 recorded fresh 52-week lows.
The positive advance-decline balance supported the view that Thursday’s recovery extended beyond a handful of large-cap stocks. However, the number of stocks at 52-week lows indicates that weakness remains in parts of the market.
Stocks in Focus
- Adani Ports: Gained 6.17% following stronger quarterly profit and cargo-volume performance.
- Adani Enterprises: Rose 5.69% as revenue growth attracted buying interest.
- Power Grid: Advanced 4.22% amid company-specific developments and strength in power stocks.
- Kotak Mahindra Bank: Gained 4.09% as financial stocks rallied.
- Eternal: Advanced 3.40%.
- Trent: Fell 1.68%, making it the weakest stock among the leading Nifty 50 decliners.
- Maruti Suzuki: Declined 1.11% despite the broader market advance.
Global Market Cues
The US Federal Reserve kept its benchmark interest rate unchanged at 3.75%–4.00%. The decision was widely anticipated, but the Fed’s assessment of inflation and future policy direction remained important for global markets.
Indian equities gained support from the Fed decision and a modest decline in crude oil prices. Brent crude eased towards $114.40 per barrel as markets assessed diplomatic developments and Middle East supply risks. The global outlook remains sensitive to energy prices, inflation data and central-bank guidance.
Commodities, Currency and Crypto
| Asset | Latest Available Level | Market Context |
|---|---|---|
| Brent Crude Oil | Around $114.40/barrel | Lower by approximately 0.8% in the reported session |
| USD/INR | Around ₹95.26 | Currency remains under pressure |
| Gold (spot) | Around $4,053.90/oz | Lower by approximately 0.3% in the reported snapshot |
| Silver (spot) | Around $53.86/oz | Lower by approximately 0.2% in the reported snapshot |
| Bitcoin (BTC) | Around $80,794 | Slightly higher in the latest reported snapshot |
The easing in crude oil offered some relief to Indian markets, although prices remained elevated. Gold and silver slipped in the reported international snapshot after the Fed decision, while Bitcoin traded near $80,800. International spot prices and domestic bullion rates can differ.
IPO and Listing Corner
| Company | Status on 29 October | Issue Details |
|---|---|---|
| BLS Polymers | Issue closing day | 27–29 October; ₹142–₹150 |
| SFC Environmental Technologies | Issue closing day | 27–29 October; ₹313–₹330 |
| Wiscon Industries | Issue closing day | 27–29 October; ₹194–₹204 |
| M.K. Sons Fine Jewels | Open for subscription | 28–30 October; ₹153–₹162 |
| Bombay Coated and Special Steels | Upcoming | 30 October–2 November; ₹78–₹82 |
BLS Polymers, SFC Environmental Technologies and Wiscon Industries reached their final subscription day on Thursday. Investors should review the final subscription figures, offer documents, valuation and financial risks before making an application.
Technical Outlook: Nifty 50
The Nifty 50 closed at 22,936.75 after recovering strongly from its intraday low of 22,656.75.
- Immediate support: 22,800–22,750.
- Lower support: 22,650.
- Immediate resistance: 22,960–23,000.
- Higher recovery zone: 23,100–23,200.
A sustained move above 23,000 could strengthen the recovery, while a fall below the 22,750 zone could weaken short-term momentum. These are reference levels rather than guaranteed price targets.
What to Watch Next
- Official combined FII/FPI and DII data for the next trading session.
- Whether the Nifty can sustain levels above 22,900 and approach 23,000.
- Brent crude prices and developments affecting Middle East energy supply.
- Quarterly earnings and stock-specific reactions, particularly in banking, power and large-cap companies.
- Final subscription data and upcoming listings in the IPO market.
- The rupee, global bond yields and the implications of the Federal Reserve’s policy outlook.
FinBrooks Market View
Thursday’s rebound brought the Nifty back above 22,900 and lifted the Sensex by more than 900 points. Realty, FMCG, PSU banks and power stocks led the advance, while mid-cap and small-cap indices also recorded gains.
The Fed’s decision to hold rates and the easing in crude prices helped improve sentiment, but oil remains expensive and global geopolitical risks persist. Domestic institutional buying offset foreign selling in the latest session. Investors should look for follow-through buying before assuming the recovery will continue. Selectivity, disciplined risk management and company-level research remain important.
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