A sigh of relief as the bullish bias returned albeit on the last trading day of the week thus making everyone suspect the future course of action. Currently the trends are showing some solidarity and responding to the news flow. The forthcoming week will be of high importance as the decoding of the newsflow shall emerge.
Indian equity markets staged a strong rebound on October 29, 2026, recovering from the previous session’s weakness as improved global sentiment, easing crude oil prices, and renewed institutional buying boosted investor risk appetite. The Nifty 50 climbed over 1% to close above the crucial 22,900 mark at 22,936.75, while the Sensex surged 905 points to settle at 74,151.04.
ZENSARTECH: Buy above ₹540, stop ₹515 target ₹605 (Multiday)
BLUESTARCO: Buy above ₹1675, stop ₹1590 target ₹1850 (Multiday)
Market breadth improved significantly, with gains spreading across large-cap, mid-cap, and small-cap segments and reflecting broader participation in the recovery. The rally was led by FMCG, financials, power, realty, and IT stocks, with Adani Ports, Kotak Mahindra Bank, Power Grid, Bajaj Finance, and Infosys among the notable gainers. Investor sentiment was supported by the US Federal Reserve’s decision to hold interest rates steady, a modest cooling in crude oil prices, and continued buying by both foreign and domestic institutional investors.