Sensex Jumps 905 Points on October 29, 2026 as Realty and FMCG Lead a Late Rally

The Sensex jumps 905 points in a single Thursday session, and the interesting part is how it got there. Benchmarks opened in the red on October 29, 2026, then turned around and kept climbing into the close. The BSE Sensex finished 905.01 points, or 1.24%, higher at 74,151.04, while the Nifty 50 added 237.90 points, or 1.05%, to settle at 22,936.75, according to BusinessLine’s market highlights. That snapped a two-day losing streak for the Sensex, as Business Standard noted.

Why the Sensex jumps 905 points: who did the lifting

Realty was the standout sector. Business Standard reported that the Nifty Realty index rose 2.7% and the Nifty FMCG index gained 2.3%, while the Nifty Auto index was the odd one out, slipping 0.24%. BusinessLine also listed PSU banks among the leading sectoral gainers and said only auto and cement dipped.

The broader market came along for the ride. The Nifty Midcap 100 ended 0.98% higher and the Nifty Smallcap 100 gained 0.93% (Business Standard’s closing figures). So this wasn’t just a handful of heavyweights dragging the index up. Breadth like that usually makes a rally easier to trust.

Adani Ports tops the Sensex pack

Adani Ports was the biggest Sensex gainer, rising more than 5% after it reported an 18% rise in consolidated net profit to ₹3,682.44 crore for the September quarter, per BusinessLine. We covered those numbers in our Adani Ports Q2 results post. Kotak Mahindra Bank, Power Grid, Eternal, Bajaj Finance, SBI, Hindustan Unilever, Titan, NTPC, Bharat Electronics and Infosys also closed higher.

On the other side, Trent, Maruti Suzuki, Tech Mahindra and HDFC Bank were among the laggards. Maruti’s slide sits neatly with the weak auto index.

One sharp single-stock move outside the benchmark: Equitas Small Finance Bank shares fell nearly 20% after MD and CEO P. N. Vasudevan resigned to pursue personal and social initiatives, Business Standard reported.

The backdrop: Fed pause, crude and a nervous rupee

The rally came after the US Federal Reserve left rates unchanged. Geojit’s Vinod Nair, quoted by Business Standard, linked the improved risk appetite to the Fed pause, a marginal easing in crude and renewed institutional buying. He also flagged elevated Brent, rupee weakness and rising domestic bond yields as risks.

The flows did look supportive going into the session. BusinessLine’s FII/DII cash data for October 28 showed foreign institutional investors as net buyers of ₹871.8 crore and domestic institutions adding ₹643.4 crore. Our FII and DII data post for October 28 has the detail.

The currency is the part that still bothers us. Brickwork Ratings’ Rajeev Sharan, quoted by BusinessLine, said the rupee opened 11 paise stronger at 95.17 after the Fed decision but slipped to a two-week low near 95.37 by the afternoon, with Brent crude still close to USD 114. For background on how the Fed decision played out, see our Fed rate decision post.

What it means from here

A one-day bounce of over 1% doesn’t settle much on its own. SBI Securities’ Sudeep Shah told Business Standard that the Nifty closed above its 20-day EMA and sees 23,080-23,100 as the immediate hurdle, with 22,830-22,800 as support. That’s a technical read, not a promise.

The bigger swing factors are the ones outside Dalal Street: crude, the rupee and whether foreign buying holds up. If Brent stays this high, Thursday’s gains will be tested quickly. For a broader look at how daily moves like this fit into index behaviour, the NSE website publishes official index data.

Disclaimer: This article is for information and education only and is not investment advice. Please do your own research or consult a SEBI-registered adviser before making any investment decision.