Mumbai Stocks: Nifty 50 and Sensex Daily — 2026-10-29
Indian markets staged a powerful recovery on Thursday, October 29, with the Sensex jumping 905 points and the Nifty 50 reclaiming the 22,900 level. The rally was driven by strong buying in FMCG and financials, snapping a four-day losing streak that had been fueled by global geopolitical tensions and crude oil volatility.
Mumbai Stocks: Nifty 50 and Sensex Daily — 2026-10-29
Top developments
Sensex and Nifty Snap Losing Streak with Major Rally
On October 29, the BSE Sensex surged 890.90 points (1.22%) to close at 74,136.93, while the Nifty 50 gained 252.00 points (1.11%) to end at 22,950.85. This sharp rebound followed a session where the market initially opened lower but reversed losses significantly. FMCG and financial stocks led the gains, with Adani Ports and Kotak Bank emerging as top gainers.
Jio Platforms IPO Listing Impacts Market Structure
The debut of Jio Platforms marked a significant event in the Indian equity market. Following its record-breaking IPO, which attracted billions in bids, Jio became the second most valuable Indian firm by market cap. The listing was closely watched as it absorbed significant domestic liquidity, with reports indicating that IPO subscriptions are currently absorbing domestic cash while the broader Nifty index has seen periods of stagnation.
Institutional Flows and Sectoral Performance
On October 28, the market had closed lower with the Sensex down 353 points, dragged down by IT and Oil & Gas stocks. However, Auto, Consumer Durable, and Pharma sectors had shown resilience. By October 29, the sentiment shifted dramatically as foreign institutional investors (FII) were net buyers of ₹871.80 Cr in the cash market, helping to fuel the rally.
Local view
Hindi Media Highlights Recovery and Regulatory Stability
Local Hindi media outlets such as ETV Bharat and Moneycontrol Hindi emphasized the "stormy rise" (तूफानी तेजी) in the market, noting that the Sensex recovered 1,092 points from its day's low. Business Standard Hindi reported on statements from SEBI Chairman Tuhin Kanta Pandey at the BFSI Insight Summit, where he assured investors that there would be no review of FPI rules for the next year, providing regulatory clarity amidst volatile global conditions.
Mutual Fund and SIP Trends
Hindi financial media highlighted that despite market volatility, retail investors continued to support the market through Systematic Investment Plans (SIPs). ET Now Swadesh reported that SIP inflows have exceeded ₹3.74 lakh crore since the last Diwali, with monthly inflows consistently crossing ₹30,000 crore. This domestic liquidity has been crucial in balancing outflows from foreign investors.
Context & numbers
Key Market Metrics
- Sensex Close (Oct 29): 74,136.93 (+890.90 pts)
- Nifty 50 Close (Oct 29): 22,950.85 (+252.00 pts)
- FII Net Buy (Cash Market): ₹871.80 Cr
- SIP Inflows (Sept 2026): ₹32,490 Crore (All-time high)
Global and Domestic Policy Context
The US Federal Reserve's decision to pause interest rates provided temporary support to Indian equities. However, analysts from Emkay warn that the RBI may raise rates by 75 basis points by February 2027, which could limit further gains. Elevated oil prices and inflation remain key headwinds.
On the radar
- RBI Policy Stance: Investors are watching for any signals from the RBI regarding potential rate hikes in early 2027, which could dampen the current rally.
- SEBI Direct Plan Default Rule: Starting November 1, 2026, direct plans will become the default option for mutual fund investments on AMCs' platforms, a move expected to benefit retail investors by lowering costs.
- IPO Absorption: Continued monitoring of how much domestic liquidity is being absorbed by large IPOs like Jio Platforms, which may impact secondary market flows.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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