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Bulls take full control over Dalal Street in late trade
Oct-29-2026

Benchmarks garner more gains in late afternoon session supported decline in crude oil prices from their recent highs. The Brent crude oil prices have fallen below $114 a barrel amid renewed hopes of ease in West Asia tensions after US President Donald Trump approved Vice President JD Vance’s request to contact Iran over Tehran’s ‘need for help with medical supplies’ as diplomatic efforts to end US-Iran conflict, while Iran, too, indicated that it remains in close contact with mediators on ideas to implement its seven-day plan to reopen the Strait of Hormuz. Traders also remained optimistic with capital inflow from foreign institutional investors (FIIs). FIIs were the net buyers on Wednesday’s session, buying securities worth Rs 871.83 crore. 

On the global front, Asian equity markets were trading mostly in red as traders reacted to the U.S. Federal Reserve's rate decision as well as earnings from tech heavyweights, including Alphabet, Microsoft and Samsung Electronics. European equity markets were trading higher ahead of European Central Bank’s policy decision. 

The BSE Sensex is currently trading at 74084.24, up by 838.21 points or 1.14% after trading in a range of 73181.90 and 74129.41. There were 19 stocks advancing against 11 stocks declining on the index.

The top gaining sectoral indices on the BSE were Utilities up by 3.35%, FMCG up by 2.00%, Power up by 1.94%, PSU up by 1.32% and Bankex up by 1.13%, while Auto down by 0.25% was the sole losing index on BSE.

The top gainers on the Sensex were Adani Ports & SEZ up by 5.16%, Power Grid Corporation up by 3.88%, Kotak Mahindra Bank up by 3.45%, Eternal up by 3.02% and NTPC up by 2.42%. On the flip side, Trent down by 2.06%, Asian Paints down by 1.56%, Maruti Suzuki India down by 0.74%, HDFC Bank down by 0.71% and Tata Steel down by 0.59% were the top losers.

Meanwhile, apparel exporters body Apparel Export Promotion Council (AEPC) has called for diversifying India’s export base, highlighting that nearly 88 per cent of the country’s exports originate from just 100 districts. It also urged the exporters to increase utilisation of India's expanding network of free trade agreements (FTAs). It noted that India aims to increase its textile and apparel exports to $100 billion by 2030. 

AEPC Secretary General Mithileshwar Thakur emphasised the importance of inclusive export growth and highlighted the strategy of developing 100 Champion Districts as global export hubs and 100 Aspirational Districts as self-reliant manufacturing centres.

He also highlighted the opportunities emerging from India's expanding network of FTAs, including new-generation agreements covering areas such as digital trade, e-commerce, investment and sustainability. 

The CNX Nifty is currently trading at 22934.60, up by 235.75 points or 1.04% after trading in a range of 22656.75 and 22953.10. There were 39 stocks advancing against 11 stocks declining on the index.

The top gainers on Nifty were Adani Ports & SEZ up by 5.95%, Adani Enterprises up by 5.65%, Kotak Mahindra Bank up by 4.45%, Power Grid Corporation up by 3.96% and Eternal up by 3.76%. On the flip side, Trent down by 1.74%, SBI Life Insurance down by 1.35%, Asian Paints down by 1.28%, Maruti Suzuki India down by 1.20% and Bajaj Auto down by 1.19% were the top losers.

Asian equity markets were trading mostly in red; Jakarta Composite plunged 169.66 points or 3.32% to 5,112.65, Shanghai Composite weakened 30.04 points or 0.82% to 3,651.43, KOSPI dropped 74.78 points or 1.26% to 5,937.66, Hang Seng declined 178.83 points or 0.78% to 22,916.00 and Taiwan Weighted lost 667.25 points or 1.44% to 46,368.33, while Nikkei 225 surged 627.81 points or 0.97% to 64,582.00 and Straits Times rose 3.63 points or 0.07% to 5,401.54.

European equity markets were trading higher; UK’s FTSE 100 increased 51.09 points or 0.48% to 10,745.59, France’s CAC rose 71.84 points or 0.91% to 7,958.80 and Germany’s DAX gained 198.68 points or 0.77% to 25,902.70.
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