The Nifty 50 closed above 22,900 on October 29, 2026, as Indian equities rallied across most sectors. The index rose 237.90 points, or 1.05%, to 22,936.75, while the Sensex gained 905.01 points, or 1.24%, to finish at 74,151.04.

Key Takeaways

  • Nifty FMCG and Nifty PSU Bank led sectoral gains, while Nifty Auto slipped.
  • The rally followed a US Federal Reserve rate hold and a decline in crude oil prices.

Nifty 50 Ends Near the Day's High

The Nifty opened at 22,690.65 and briefly fell to 22,656.75 before climbing to an intraday high of 22,961.95. It closed above 22,800, a level analysts had identified as resistance earlier in the session.

The Sensex also finished near its session high of 74,166.16 after touching a low of 73,181.90. India VIX fell more than 6% to around 15.14.

Consumer and Public-Sector Bank Shares Lead

Nifty FMCG rose 2.3% and Nifty PSU Bank gained 2.2%. Realty, banking, financial services and IT also closed higher, while Nifty Auto fell 0.2%.

The Nifty Midcap 100 and Nifty Smallcap 100 each rose approximately 1%. Ajit Mishra, senior vice president of research at Religare Broking, said continued buying across sectors would be essential to a more durable recovery.

Fed Decision and Oil Prices in Focus

The advance followed the Federal Reserve's decision to hold its benchmark rate at 3.75%–4.00%. The Federal Reserve's October 27–28 meeting page links to its policy statement. The timing alone does not establish how much the decision contributed to the move in Indian shares.

Brent crude slipped below $114 a barrel after a sharp rally on Wednesday, while West Texas Intermediate traded near $101. The US 10-year Treasury yield retreated toward 4.9% after touching 5.02% following the Fed decision.

Next milestone

The Bank of Japan's policy decision is due on Friday, October 30.

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