Indian equity markets witnessed a strong upward rally on April 29, 2026, with benchmark indices extending gains on the back of better-than-expected corporate earnings and improved investor sentiment.
The BSE Sensex surged by more than 900 points during the session, while the NSE Nifty50 reclaimed levels above 24,200, reflecting broad-based buying across sectors. Market strength was largely driven by optimism around quarterly earnings, which have shown resilience in key sectors such as automobiles, banking, healthcare, and select consumer stocks.
According to market updates, around 14 of the 16 major sectoral indices traded in the green, with auto stocks leading gains, rising over 2%. Strong performances from companies like Maruti Suzuki, which rebounded sharply after recent profit concerns, helped boost overall market confidence.
However, gains were partially capped by global concerns, especially rising crude oil prices, which continue to fuel inflation fears and impact import costs. Brent crude remained elevated, keeping investors cautious about the broader macroeconomic outlook.
Foreign Institutional Investor (FII) outflows also continued to weigh on sentiment. Persistent selling by overseas investors, estimated at billions of dollars in recent months, has added pressure on both equity markets and the Indian rupee, which has recently weakened against the US dollar.
Geopolitical uncertainty, particularly related to US-Iran negotiations and tensions in the Middle East, also influenced market direction. Investors remained watchful of developments that could impact global energy supply and financial stability.
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