The Indian stock market staged a massive rally on Wednesday, 29 July 2026, powered by broad-based buying in IT, Metals, FMCG, and Financial stocks. The benchmark indices recorded their strongest single-day gains in weeks, driven by renewed Foreign Institutional Investor (FII) buying and a global sector rotation into Indian IT services.
The BSE Sensex surged 888.68 points (1.16%) to close at 77,654.60, while the broader NSE Nifty 50 soared 264.85 points (1.10%) to settle comfortably at 24,250.20. The Nifty Bank also ended on a firm note, rising 450.30 points (0.79%) to finish at 57,205.90.
Market Snapshot: Key Benchmark Indices
- BSE Sensex: 77,654.60 | ▲ 888.68 (+1.16%)
- NSE Nifty 50: 24,250.20 | ▲ 264.85 (+1.10%)
- Nifty Bank: 57,205.90 | ▲ 450.30 (+0.79%)
- Nifty Midcap 100: ▲ 0.82%
- Nifty Smallcap 100: ▲ 1.48%
Top Gainers and Losers Today (29 July 2026)
Top Nifty 50 Gainers
- Jio Financial Services: +5.23% (₹249.48) — Strong growth across lending and asset management
- Hindustan Unilever (HUL): +4.70% (₹2,117.80) — Sharp rebound on rural demand optimism
- Infosys: +4.51% (₹1,155.60) — Boosted by sector upgrades and global tech rotation
- Hindalco Industries: +2.95% (₹964.00) — Supported by strong metal sector buying
- Tata Steel: +2.67% (₹187.50) — Gain on positive commodity momentum
Top Nifty 50 Losers
- Adani Ports: -3.10% (₹1,719.70) — Slipped due to profit-booking following Q1 results
- Mahindra & Mahindra (M&M): -1.51% (₹3,221.80) — Dragged by mild weakness in auto counters
- Power Grid Corporation: -0.86% (₹282.85) — Selective selling in utility stocks
- Bharat Electronics (BEL): Profit-booking after recent gains
- NTPC: Underperformed amidst energy consolidation
Sectoral Highlights & Primary Market Drivers
- IT Sector Lead the Rally: The Nifty IT index jumped 2.32%, marking its third consecutive winning session. A sector rating upgrade by Jefferies alongside institutional capital shifting away from volatile semiconductor trades into steady IT service firms provided a massive tailwind.
- Rebound in Metals & FMCG: Metal stocks gained over 2.3%, while FMCG advanced 1.66%, buoyed by HUL’s strong recovery.
- FII Inflows & VIX Cooling: Foreign investors turned net buyers with ₹755 crore in equity purchases. Meanwhile, a falling India VIX signaled reduced market volatility, boosting investor confidence ahead of the US Federal Reserve’s interest rate decision.
Technical Level Outlook
With the Nifty 50 reclaiming 24,250, technical indicators suggest immediate support around 24,100, while resistance is placed near 24,400. A sustained hold above current levels could pave the way for a test of the 24,500 resistance zone.
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Rupee at Close
29th July, 2026
Indian rupee ended 22 paise higher at 95.64 per dollar on Wednesday versus previous close of 95.86.
Source : moneycontrol
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FII’s & DII’s Activity on 29th July, 2026
Net value in crores
| BUY | SELL | |
| DII | 998.02 | |
| FII | 2,981.87 |
Source : NSE
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NOTE: *** The above information is based on the source and just for information and educational purposes only. Please consult your financial advisor before buying any stocks. Thank You ***
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