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Positive momentum remains intact in Indian markets during early noon deals
Oct-29-2026

A positive momentum remained intact in Indian equity markets during early afternoon deals, with both Sensex and Nifty holding notable gains, despite negative cues from other Asian markets, as the U.S. Federal Reserve left interest rates unchanged, as widely expected, and oil prices eased following fresh diplomatic efforts to end the war in the Middle East.

Sentiments remained upbeat, as Poonam Gupta, Deputy Governor of Reserve Bank of India (RBI) has said that India has stayed on the path of fiscal consolidation, even as deficits and debt have risen in many other countries. Its general-government debt is projected to decline by about 9 percentage points of GDP by 2031-32, and it faces neither rollover risk nor runaway risk.

On the global front, Asian markets were trading mostly in red, even after Hong Kong's foreign trade deficit decreased in September from a year ago as exports grew faster than imports. The trade shortfall narrowed to HK$46.3 billion in September from HK$50.2 billion in the same month last year. In August, the trade balance showed a deficit of HK$71.2 billion.

The BSE Sensex is currently trading at 73822.12, up by 576.09 points or 0.79% after trading in a range of 73181.90 and 73901.18. There were 23 stocks advancing against 7 stocks declining on the index.

The top gaining sectoral indices on the BSE were Utilities up by 2.62%, FMCG up by 1.33%, Power up by 1.27%, TECK up by 0.73% and PSU up by 0.71%, while Auto down by 0.68%, Capital Goods down by 0.49%, Consumer Disc down by 0.10% and Industrials down by 0.05% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports & SEZ up by 4.35%, Power Grid up by 3.82%, Kotak Mahindra Bank up by 2.98%, ITC up by 2.28% and Hindustan Unilever up by 1.99%. On the flip side, Trent down by 1.84%, Maruti Suzuki India down by 0.47%, Tata Steel down by 0.41%, Asian Paints down by 0.35% and HDFC Bank down by 0.24% were the top losers.

Meanwhile, Ministry of New and Renewable Energy (MNRE) Secretary Santosh Kumar Sarangi has noted that India will need to mobilise $220 billion over the next four years to achieve its 500 GW renewable energy (RE) capacity target. He suggested that financial investors, private equity firms, pension funds and mutual funds will play a key role in achieving the target. 

The Bharat Renewable Energy Summit & Expo 2026 to be held from November 2 to 5, at Bharat Mandapam in the national capital, will serve as a key forum for seeking the $220 billion investment. India's renewable energy sector has attracted nearly $64 billion in investments in the last RE-Invest summit in 2024 between the last RE-Invest summit in 2024 and the current edition.

Of the total projected investment till 2030, around $70 billion is expected to go into solar, while $40 to $45 billion is expected to go into transmission infrastructure. This will be followed by $25 to $30 billion in wind energy, $20 to $25 billion in green hydrogen and $20 billion in energy storage. Besides, manufacturing is estimated to attract $15 to $20 billion, while hydropower is likely to see investments of $12 to $15 billion. Further, bioenergy is expected to receive $3 to $5 billion during the period.

The Bharat Renewable Energy Summit & Expo 2026 will run concurrently with the 9th Session of the ISA Assembly and the 4th International Conference on Green Hydrogen. Guided by the central theme 'Invest. Innovate. Inspire'. The global platform is expected to bring together participants from over 75 countries, with more than 400 exhibitors and over 100 curated sessions.

The CNX Nifty is currently trading at 22848.60, up by 149.75 points or 0.66% after trading in a range of 22656.75 and 22874.15. There were 34 stocks advancing against 16 stocks declining on the index.

The top gainers on Nifty were Adani Ports & SEZ up by 5.18%, Adani Enterprises up by 4.59%, Power Grid up by 3.94%, Kotak Mahindra Bank up by 3.41% and Eternal up by 3.04%. On the flip side, Trent down by 2.35%, Bajaj Auto down by 1.88%, Asian Paints down by 1.37%, SBI Life Insurance down by 1.30% and Hindalco Industries down by 1.15% were the top losers.

Asian markets were trading mostly in red; Jakarta Composite plunged 135.29 points or 2.56% to 5,147.02, KOSPI dropped 74.78 points or 1.26% to 5,937.66, Taiwan Weighted lost 667.25 points or 1.44% to 46,368.33, Hang Seng declined 75.83 points or 0.33% to 23,019.00 and Shanghai Composite weakened 30.04 points or 0.82% to 3,651.43, while Nikkei 225 surged 627.81 points or 0.97% to 64,582.00 and Straits Times rose 14.43 points or 0.27% to 5,412.34.
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