Back to market news
News image for SENSEX and NIFTY50 Rise on Oct 29, Adani Ports Leads Gains
ADANIPORTS

SENSEX and NIFTY50 Rise on Oct 29, Adani Ports Leads Gains

On Thursday, October 29, the SENSEX closed 905.01 points higher at 74,151.04, up 1.24%, while the NIFTY50 advanced 237.90 points to 22,936.75, a gain of 1.05%. The benchmark indices finished in the green zone, buoyed by buying in realty, fast‑moving consumer goods, and PSU banking stocks, and by a decline in global crude oil prices. The SENSEX peaked 1.26% higher at 74,166.16, and the NIFTY50 touched 22,961.95, its session high. Foreign institutional investors bought shares worth ₹871.83 crore, while domestic institutional investors purchased equities worth ₹643.35 crore on a net basis.

Adani Ports & SEZ led the NIFTY50 rally, closing 6.17% higher after reporting a consolidated net profit of ₹3,622 crore for the July‑September quarter (Q2 FY27), a 17% year‑on‑year rise from ₹3,109 crore in the same period last year. Adani Enterprises also gained 5.69% despite a 54.84% decline in consolidated profit after tax to ₹1,492.04 crore in the latest September quarter of FY26‑27; its revenue from operations rose 75.14% to ₹37,215.62 crore versus ₹21,248.51 crore in the prior fiscal year. Power Grid Corporation of India jumped 4.22% after announcing its September quarter earnings date and setting a record dividend payout date of November 6, 2026 for the first interim dividend of FY27.

Top losers on the NIFTY50 included Trent, down 1.68%; Maruti Suzuki, down 1.11%; SBI Life Insurance Company, down 1.06%; Bajaj Auto, down 0.65%; and Cipla, down 0.57%. Despite these falls, the market finished on a positive note, with the SENSEX and NIFTY50 closing above their previous levels and investors remained cautiously optimistic throughout the trading day.

The NIFTY Midcap 100 closed at 57,841.65, up 566.95 points or 0.99% on October 29. Leading the gains were JSW Energy (5.59%), United Spirits (5.06%), Blue Star (4.69%), NLC India (4.58%), and Marico (4.32%). On the downside, Hero MotoCorp fell 4.09%, GMR Airport 2.72%, Exide Industries 2.60%, ICICI Asset Management Company 1.67%, and Lenskart Solutions 1.55%. The index's rise reflected strength in industrial and consumer sectors, while the declines highlighted weakness in automotive and infrastructure stocks.

The NIFTY Smallcap 100 increased by 176.45 points or 0.95% to close at 18,811.35. Its top gainers were Poonawalla Fincorp (9.86%), Syrma SGS Technology (6.78%), Gallantt Ispat (6.29%), Acutaas Chemicals (6.20%), and City Union Bank (5.53%). Conversely, Ola Electric Mobility fell 4.56%, RR Kabel 4.55%, Neuland Laboratories 3.38%, Syngene International 3.14%, and Navin Fluorine International 2.83%. The index's rise was supported by gains in financial services and technology, while declines were noted in energy and consumer staples sectors.