Market performance
Indian equity markets rebounded strongly on April 29, 2026, recovering from the previous session’s decline. The Sensex gained over 600 points, while the Nifty moved back above the 24,300 level.
The recovery was driven by strong buying in blue-chip stocks and positive corporate earnings. Domestic buying interest supported the rally, even as global pressure from elevated crude oil prices remained.
Index performance
Sensex rose 609.45 points (0.79%) to close at 77,496.36.
Nifty 50 gained 181.95 points (0.76%) to 24,177.65.
Nifty Bank inched up 3.25 points (0.01%) to 55,403.60.
Nifty IT advanced 285.30 points (0.99%) to 29,245.20.
Broader markets showed mixed trends.
Nifty Midcap declined 42.50 points (-0.07%) to 60,376.90.
Nifty Smallcap rose 44.40 points (0.51%) to 8,832.90.
What drove the market move?
Strong corporate earnings
Positive Q4 earnings supported buying across key stocks.
Buying in blue-chip and auto stocks
Heavyweight stocks and auto sector gains played a key role in the rebound.
Domestic buying interest
Local participation helped markets recover despite global pressures.
Sectoral performance
Auto, IT, FMCG and realty indices rose around 1% each.
Infrastructure, metal, oil & gas and pharma sectors saw moderate gains of about 0.5%.
PSU banks, media and consumer durables declined around 0.5%, limiting overall upside.
Commodities and Currency
Gold (MCX) declined to ₹1,49,265, down ₹762 (-0.51%) (as of 4 pm).
Silver (MCX) fell to ₹2,36,700, dropping ₹645 (-0.27%) (as of 4 pm).
Brent crude traded around $110–111 per barrel.
The Indian Rupee weakened to a record low of 94.85 per dollar.
Volatility index
Market volatility declined. India VIX fell by 0.61 points (-3.38%) to 17.44, indicating reduced market uncertainty.
Market takeaway
Tuesday’s rebound reflects strength in domestic buying and earnings-driven momentum. However, elevated crude oil prices and currency weakness remain key risks.
Markets will continue to track global developments, crude oil prices and earnings trends for further direction.
Source: Moneycontrol, Business Standard, Google Finance
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