On Wednesday, October 29, Indian equity benchmark indices ended 0.45% higher, lifted by Reliance Industries and HDFC Bank. The indices gained ahead of the US Federal Reserve’s policy decision, while asset managers fell after regulators proposed reducing exit loads for investors.
At the close, the Nifty 50 advanced by 117.70 points, or 0.45%, to settle at 26,053.90, while the Sensex jumped 368.98 points, or 0.44%, ending at 84,997.13. India’s volatility index, India VIX, remained steady near the 12 level.
On the sectoral front, 10 out of 11 sectors closed in positive territory. Nifty Metal index jumped 1.7% to record highs on US–China trade optimism, China stimulus hopes, and expectations of a Fed rate cut. The Nifty IT index, which earns a large share of revenue from the US, gained 0.64%. The Nifty Energy index rose nearly 2%, led by Reliance Industries and oil marketing companies as crude prices declined.
India's markets regulator on Tuesday proposed measures to simplify mutual fund fee structure, including a plan to discontinue the 5 basis points charge that mutual funds impose on equity funds where an exit load is levied.
Meanwhile, broader markets outperformed benchmark indices, with both Nifty Midcap and Smallcap ending in positive territory.
Among individual stocks,
The Nifty Energy index climbed 1.93%, recording the biggest intraday gains in the last 5 months. Following energy stocks, the Nifty Metal index also gained 1.71% emerging as the second gainer among sectoral indices and hit an all-time high. In contrast, the Nifty Auto index declined 0.73% extending losses for the 2nd consecutive day.
The key drivers of the index gains were:
On the other hand, these stocks weighed on the index:
The broader market indices closed in positive territory. The Mid-cap 100 index jumped by 0.64% and the Small-cap 100 ended up by 0.43%.
As of October 29, 2025, the market breadth was in favour of advancing stocks. Out of 3,203 stocks traded on the NSE, 1,984 advanced, 1,128 declined, and 91 remained unchanged.
A total of 85 stocks touched their 52-week highs, while 42 hit their 52-week lows. Additionally, 87 stocks were locked in their upper circuits, whereas 47 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.
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