All sectoral indices on the NSE closed higher except auto and cement, as realty, PSU Bank and FMCG stocks witnessed strong buying interest

As per provisional closing data, the S&P BSE Sensex surged 905.01 points or 1.24% to 74,151.04. The Nifty 50 index jumped 237.90 points or 1.05% to 22,936.75. In the past two consecutive trading sessions, the Sensex and the Nifty dropped 0.49% and 0.24%, respectively.

In the broader market, the BSE 150 MidCap Index rose 0.60% and the BSE 250 SmallCap Index added 0.69%.

The market breadth was strong. On the NSE, 2,664 shares rose and 1,706 shares fell. A total of 225 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 6.87% to 15.13.

Initial Public Offer (IPO)

BLS Polymers received bids for 2,66,11,48,100 shares as against 1,19,00,000 shares on offer, according to stock exchange data at 15:30 IST on 29 October 2026. The issue was subscribed 223.63 times.

The issue opened for bidding on 27 October 2026 and will close on 29 October 2026. The price band of the IPO is fixed between Rs 142 and 150 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof.

SFC Environmental Technologies received bids for 9,27,99,630 shares as against 1,41,59,744 shares on offer, according to stock exchange data at 15:30 IST on 29 October 2026. The issue was subscribed 6.55 times.

The issue opened for bidding on 27 October 2026 and will close on 29 October 2026. The price band of the IPO is fixed between Rs 313 and 330 per share. An investor can bid for a minimum of 45 equity shares and multiples thereof.

M. K. Sons Fine Jewels received bids for 1,25,38,799 shares as against 1,19,00,000 crore shares on offer, according to stock exchange data at 15:30 IST on 29 October 2026. The issue was subscribed 1.05 times.

The issue opened for bidding on 28 October 2026 and will close on 30 October 2026. The price band of the IPO is fixed between Rs 153 and 162 per share. An investor can bid for a minimum of 91 equity shares and multiples thereof.

Bombay Coated & Special Steels received bids for 4,20,24,346 shares as against 1,65,33,012 shares on offer, according to stock exchange data at 15:30 IST on 29 October 2026. The issue was subscribed 2.54 times.

The issue opened for bidding on 29 October 2026 and will close on 2 November 2026. The price band of the IPO is fixed between Rs 78 and 82 per share. An investor can bid for a minimum of 182 equity shares and multiples thereof.

Buzzing Segment:

The Nifty Realty index rose 2.75% to 819.80. The index shed 0.89% in the past trading session.

DLF (up 4.37%), Phoenix Mills (up 4.18%), Lodha Developers (up 3.65%), Prestige Estates Projects (up 3.39%) and Oberoi Realty (up 3.37%), Godrej Properties (up 1.01%), Anant Raj (up 0.27%) surged.

Stocks In Spotlight:

United Spirits raliled 4.95%. On a consolidated basis, the company's net profit declined 7.76% to Rs 428 crore, while net sales rose 2.87% to Rs 3264 crore in Q2 September 2026 over Q2 September 2025.

Pidilite Industries rose 2.11%. The company's standalone net profit rose 10.4% to Rs 647 crore on a 21.7% increase in net sales to Rs 3,982 crore in Q2 FY27 over Q2 FY26. Revenue growth during the quarter was aided by underlying volume growth (UVG) of 10.7%. EBITDA stood at Rs 811 crore in Q2 FY27, registering a growth of 0.5% compared with Rs 807 crore in Q2 FY26. EBITDA margin declined to 20.4% from 24.7% in the corresponding quarter of the previous year.

Hero MotoCorp declined 3.64%. The two-wheeler major's adjusted net profit increased 42.21% to Rs 1,861.33 crore from Rs 1,308.89 crore a year earlier. Sequentially, adjusted net profit rose 31.79% from Rs 1,412.36 crore in Q1 FY27. Net sales increased 22.52% year on year to Rs 14,970.50 crore from Rs 12,218.39 crore. Revenue rose 14.05% quarter on quarter from Rs 13,126.35 crore in Q1 FY27.

Global Market:

Dow futures surged 304 points, signalling a strong opening for US stocks.

European shares traded higher on Thursday, 29 October 2026. Investors are assessing corporate earnings and the US Federal Reserve's decision to hold interest rates steady, while awaiting the European Central Bank's policy announcement.

Most Asian indices ended lower on Thursday, as concerns over technology-sector valuations, disappointing reactions to major US corporate earnings and elevated crude oil prices weighed on investor sentiment.

Investors assessed the latest technology earnings alongside the Federal Reserve's decision to keep interest rates unchanged. Semiconductor stocks drew support from gains in US chipmakers, while concerns about the cost of AI infrastructure and the returns on investment remained in focus. Alphabet's post-market earnings miss added uncertainty ahead of further results from major technology companies.

US stocks ended higher on Wednesday, after the Federal Reserve kept its benchmark interest rate unchanged. The Dow Jones Industrial Average rose 97.53 points, or 0.19%, to 52,475.10. The S&P 500 gained 21.37 points, or 0.28%, to 7,743.97, while the Nasdaq Composite advanced 72.04 points, or 0.27%, to 26,549.85.

The Fed maintained its target range at 3.75%-4.00% in a 10-2 vote. It upgraded its assessment of economic activity but said inflation remained elevated. Governors Lisa Cook and Beth Hammack dissented, preferring a 25-basis-point rate increase. Markets subsequently raised the implied probability of a December rate hike to 85%, from 78.3% a day earlier, according to CME FedWatch data.

Microsoft shares gained more than 4% in extended trading after the company reported stronger-than-expected cloud revenue. Azure growth accelerated to 48% in its fiscal first quarter, beating its previous guidance and supporting optimism about demand for cloud computing and AI services. Investors will continue to assess Microsoft's capital expenditure and data-centre investment plans.

Alphabet shares fell more than 7% in after-hours trading after its third-quarter results missed analysts' expectations. Revenue rose 25% year on year to $127.58 billion, below the $127.97 billion forecast. Net income fell to $26.17 billion from $34.98 billion a year earlier, while earnings per share came in at $2.12, below estimates of about $3.01. An $8.7 billion loss on equity investments weighed on reported earnings.

Google Cloud remained a bright spot, with revenue surging 103% to $30.7 billion, driven by demand for AI infrastructure and enterprise services. However, investors remained concerned about the scale of capital expenditure and the returns from AI investment.

Investors are awaiting US third-quarter GDP, September personal income and spending figures, and the Personaonsumption Expenditures price index on Thursday. The PCE index is the Federal Reserve's preferred inflation gauge. Initial jobless claims are also due.