Indian stocks rose during trading on October 29, 2026, with the Sensex gaining more than 600 points to move above 73,860 and the Nifty 50 rising 175 points to near 22,875. The advance followed the US Federal Reserve’s decision to hold interest rates steady.

Key Takeaways

  • The Nifty FMCG index rose around 2%, while the Nifty Auto index slipped.
  • Foreign investors were net buyers of approximately ₹872 crore of Indian equities on October 28, provisional NSE data showed.

Indian stocks advance across broader market

The Sensex and Nifty 50 rose by up to 0.8%, while the Nifty Smallcap 100 and Nifty Midcap 100 gained as much as 0.6%.

Adani Ports climbed more than 4% to lead gains on the Sensex. Power Grid, Kotak Mahindra Bank, Hindustan Unilever, NTPC, ITC, Reliance Industries, Titan, TCS and Infosys gained between 1% and 3%.

The Nifty FMCG index led sectoral gains, rising around 2%. The Nifty PSU Bank and Nifty IT indices were among those up by as much as 1%, while Nifty Auto slipped. On the National Stock Exchange, 1,995 stocks advanced, 1,228 declined and 105 were unchanged.

Fed decision and tax discussions in focus

In its October 28 policy statement, the Federal Reserve maintained its target range for the federal funds rate at 3.75% to 4%. The decision preceded the rise in Indian shares, although the market move does not establish that it caused the gains.

Finance Minister Nirmala Sitharaman had also said discussions about long-term capital gains tax and securities transaction tax were ongoing. No tax change was confirmed in the available information.

Provisional NSE data showed foreign investors were net buyers of about ₹872 crore of Indian equities on October 28, following net purchases of ₹4,198 crore on October 27. The recent buying has not established a definitive reversal of earlier selling.

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