Closing Bell 29th Oct: Nifty 50 up by 0.45%, Sensex by 0.44%

On Wednesday, Dalal Street ended the day in green. The Nifty 50 started the day at 25,982.00, reached a high of 26,097.85, and closed at 26,053.90, up by 0.45%. Similarly, the BSE Sensex opened at 84,663.68, reached a high of 85,105.83, and ended at 84,997.13, up by 0.44%.Reasons for the positive sentimentThe markets recovered due to several reasons:Optimism driven by the expectations of rate cuts by the Fed.Strong buying from foreign and domestic investors provided liquidity and support to the market.Positive sentiment after U.S President Donald Trump expressed confidence in securing a trade deal with India. Nifty 50 Chart TodaySensex Chart TodayMajor Indices Today IndicesLTPPrev closeChangeNifty 5026,053.9025,936.200.45%BSE Sensex84,997.1384,628.160.44%Next 5070,238.4569,258.251.42%Bank Nifty58,385.2558,214.100.29%Fin Nifty27,587.6527,453.950.49% Both the Nifty and Sensex closed in the green, led by gains in the metals and oil & gas sectors.The Nifty Next 50 was in green, led by the gains in mining, metals, and energy stocks.The Bank Nifty gained over the expectations of further rate cuts by the Fed.Sectoral Indices Today IndicesLTPPrev closeChangeNifty IT36,090.1035,860.400.64%Nifty Auto26,948.9027,148.35-0.73%Nifty FMCG56,615.3556,110.050.90%Nifty Pharma22,430.7022,250.900.81%Nifty Healthcare14,931.0514,834.100.65%Nifty Oil & Gas11,995.9511,746.602.12% Nifty IT gained on expectations of a trade deal between India and the U.S., which will likely boost export-oriented IT sectors.Nifty Auto traded in the red amid weakening demand for automobiles and uncertainty over fuel prices.Nifty FMCG gained on a rally in Varun Beverages stocks and on improved investor sentiment across the market.Nifty Pharma traded in green on renewed hopes of trade deals, expectations of rate cuts, and a weakening dollar, which will impact export-driven pharma stocks.The Nifty Oil & Gas index traded higher on the expectations of easing crude oil prices.Market Movers TodaySuzlon Energy's share price rose by 3.5% after the appointment of Rahul Jain as the company's chief financial officer, effective December 15.Export-oriented shrimp stocks, namely Apex Frozen Foods and Coastal Corporation shares, rose by 2%-4%, and textile stocks, namely Gokaldas Exports and Pearl Global Industries shares, jumped around 4% amid growing expectations of the finalisation of the India-US trade deal.Metal stocks, namely SAIL, jumped by 8%, while Hindustan Zinc and NMDC rose by 3% after expectations of cooling trade tensions between China and the U.S. and a possible rate cut by the US Federal Reserve.Varun Beverages shares rose 8.5% after partnering with Carlsberg to expand its beer business in Africa.Top Gainers Company NameLTPPrev CloseChangeAdani Green Energy1,112.601,004.2010.79%Varun Beverages495.45454.159.09%SAIL140.55132.166.35%Adani Energy Solutions967.55921.205.03%Indian Oil Corporation163.09154.525.55% Top Losers Company NameLTPPrev CloseChangeHDFC AMC5,398.005,646.50-4.40%KFin Technologies1,129.301,174.80-3.87%360 One WAM1,126.701,171.80-3.85%CAMS3,855.503,985.20-3.25%Bosch37,420.0038,540.00-2.91% 52W High Stocks Company NameLTP52W highChangeBharti Airtel2,100.602,110.400.50%State Bank of India939.75942.051.02%Larsen & Toubro3,958.104,016.70-0.37%JSW Steel1,207.901,223.902.00%Tata Steel185.19186.941.86% 52W Low Stocks Company NameLTP52W lowChangeWestlife Foodworld587.35579.550.03%Cohance Lifesciences786.45766.80-8.52%Trualt Bioenergy446.00439.250.38%Go Colors664.70646.101.89%NIIT105.36102.700.03% High Volume Stocks Today Company NameLTPPrev CloseChangeVodafone Idea9.369.44-0.85%Yes Bank22.6923.73-0.18%NMDC76.7074.632.77%Tata Steel185.19181.811.86%SAIL140.55132.166.35% IPOsOrkla IPO opened today on the BSE and will close on 31st October. The price band set is ₹695 to ₹730.Market AnnouncementsCAMS shares dropped by 6.6% after the company posted a consolidated profit of ₹113.94 crore for Q2 FY26, down by 5.7% YoY.Blue Dart Express shares rose by 13% after the company reported a net profit of ₹81 crore, up by 29.5% YoY in its Q2 earnings.References:Suzlon appoints former SRF CFO Rahul Jain as Chief Financial Officer, shares rise 3.5%Textile, shrimp stocks rise up to 4% after Trump hints at trade deal with India soonMetal index hits record high ahead of Trump-Xi meet; SAIL, Hind Copper rise up to 8%Varun Beverages rises 8.5% as firm announces partnership with Carlsberg for beer business in Africa, Q3 PAT jumps 19%CAMS shares fall 7% as Q2 profit dips 6% YoY despite record revenueBlue Dart Express shares rally 13%. What’s driving the frenzy?

Closing Bell 29th Oct: Nifty 50 up by 0.45%, Sensex by 0.44%

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