The Indian equity benchmarks ended a two‑day losing streak on Thursday, 29 October, as investor sentiment turned positive following a decline in global crude prices and the monthly expiry of SENSEX futures and options contracts. The SENSEX rose as much as 920 points, while the NIFTY50 touched an intraday high of 22,962, powered by gains in heavyweights such as Kotak Mahindra Bank, State Bank of India, ICICI Bank, Eternal, Bharti Airtel, Infosys, Adani Ports and Reliance Industries. The index closed 905 points higher at 74,151, and NIFTY50 advanced 238 points to close at 22,937, marking a 0.78% gain for the month.

Brent crude futures fell 1% to $114 per barrel as hopes for peace talks eased renewed concerns over Middle East supply disruptions amid escalating regional conflict. US Vice President J.D. Vance sought to revive negotiations by sending a letter to Iranian Security Council chief Mohsen Rezaei, the Wall Street Journal reported, citing US officials and people familiar with the matter, while Reuters noted the development. The decline in crude prices helped lift the Indian markets, contributing to the positive sentiment that day.

Buying was visible across the board as all major sector gauges compiled by the National Stock Exchange ended lower, except the auto sector. The NIFTY Realty index gained 2.75%, while NIFTY PSU Bank, FMG Bank, Financial Services, IT, Media, Private Bank and Consumer Durables indices rose between 1% and 2.34%. Broader markets also saw buying interest, with the NIFTY Midcap 100 index advancing 1% and the NIFTY Smallcap 100 index gaining 0.95%. Overall market breadth was positive, with 2,196 shares ending higher and 1,387 closing lower on the NSE.

Among individual shares, Aeroflex Industries surged as much as 17.5% after reporting a 157% increase in its consolidated net profit after tax to ₹37 crore, compared to ₹14 crore in the corresponding quarter of the previous financial year. Jupiter Wagons rose 9% after securing a major order from the Ministry of Railways for 2,583 wagons worth ₹1,140 crore, including taxes. Hyundai Motor India shares climbed nearly 6% to an early market high of ₹1,973.80, driven by strong overall sales growth and the potential for a turnaround in the second half of FY27, despite a 24% fall in its consolidated net profits in the July‑to‑September quarter.

Adani Ports and Adani Enterprises were the top gainers in the NIFTY50 index after their September quarter earnings enthused investors. Other rising stocks included Kotak Mahindra Bank, Eternal, Power Grid, Bajaj Finance, Hindustan Unilever, Titan, NTPC, ITC, Infosys, Tata Consumer Products and Bharat Electronics, which rose between 1.83% and 4.32%. On the downside, Trent, Maruti Suzuki, Bajaj Auto, SBI Life, Eicher Motors, Hindalco, Cipla, Tech Mahindra and IndiGo were the top losers in the NIFTY50. The overall market breadth remained positive, with 2,196 shares ending higher and 1,387 closing lower on the NSE.