Introduction — The Quiet Build That Became a Breakout
There are days in the market that feel ordinary and days that quietly build into something more. The Stock Market 29 October was one of the latter — a session that started steady but gathered conviction as earnings and global sentiment aligned. If you were sipping your morning tea, you might have assumed it would be just another day; by afternoon, Dalal Street had put together a confident push, taking the Nifty comfortably past the 26,000 mark.
This was not a one-stock sprint — the rally had breadth. IT, banking, small caps and several earnings-driven names participated, which is why the move on the Stock Market 29 October felt durable rather than a flash in the pan. If you want to compare the rhythm of this session with yesterday’s consolidation, check our recap of Stock Market 27 October Highlights — Gainers & Losers. For continuing daily reads, our collection of roundups is always updated at the Day-End Market Summary.
Index Performance on Stock Market 29 October
The market moved from consolidation to a sustained up day, with benchmark indices showing healthy gains. Official index prints from the exchanges confirmed the strength — see the primary sources on NSE India and BSE India for tick-by-tick data.
Index snapshot — Stock Market 29 October:
| Index | Closing Level | Change | % Change |
|---|---|---|---|
| NIFTY 50 | 26,067.70 | +131.50 | +0.51% |
| SENSEX | 85,037.08 | +408.92 | +0.48% |
| Nifty Bank | 58,399.65 | +185.55 | +0.32% |
| Nifty IT | 36,120.45 | +260.05 | +0.73% |
| S&P BSE SmallCap | 54,137.38 | +317.62 | +0.59% |
The message from the indices was clear — the Stock Market Today was bullish, but not euphoric. The gains were measured, supported by select earnings and positive global momentum.
Top Gainers on Stock Market 29 October
Below are the high-conviction winners of the day. Each name moved for clear, company-specific reasons as well as broader sector tailwinds.
1) Blue Dart Express — +18.68%
Blue Dart was the day’s standout. The logistics giant reported stronger-than-expected delivery volumes and margins — a classic post-result re-rating. Traders rewarded the combination of better operational metrics and renewed volume growth, which is highly prized in a consumption-led recovery.
2) Five-Star Business Finance — +12.66%
This non-banking finance company surged after reporting robust loan growth and stable asset quality in its quarterly print. Investors focused on improving spreads and faster disbursal momentum, factors that justify higher valuations in the NBFC space.
3) Adani Green Energy — +10.79%
Adani Green was bid up on margin expansion commentary and fresh project wins that improve near-term cashflow visibility. Renewable energy remains a structural theme, and the stock’s rally reflects optimism about predictable revenue streams.
4) Varun Beverages — +9.09%
A results beat and a healthy domestic beverage demand cycle helped Varun Beverages climb. The stock also benefited from positive commentary on price/mix and better rural offtake — factors that matter for consumer plays.
5) HEG Ltd — +8.56%
HEG’s move rounded out the top five after the company reported improved realizations in specialty carbon products and a pickup in global orders. For cyclical industrial names, improving end-market demand is the best catalyst.
Each of these winners had one thing in common: visible triggers — earnings, margins, or orders — that allowed broad investor participation rather than narrow, speculative buying.
Top Losers on Stock Market 29 October
Even in a broadly positive session, some names saw sharp reversals. Here’s a look at why the losers fell.
1) Cohance Lifesciences — -8.52%
Cohance plunged after the company announced the sudden resignation of its MD. Leadership exits often trigger steep, immediate reactions, particularly in midcap pharma where governance and continuity are closely watched.
2) Motilal Oswal Financial Services — -7.65%
Regulatory headwinds and watcher commentary around compliance issues weighed on the stock. Financial names can be highly sensitive to regulatory newsflows, and this one took the day’s brunt.
3) Netweb Technologies — -6.72%
Netweb had earlier enjoyed a sharp run on results; today’s fall appears to be a post-results correction as some traders locked in gains after a rapid rally.
4) NMDC Steel — -5.45%
The steel producer disappointed with margins and volume guidance, prompting a sector-specific correction. Metals remain cyclical, and news of weaker output or pricing pressure can swing sentiment quickly.
5) Nippon Life Asset Management — -5.20%
Disappointing AUM trends or seasonally weaker inflows can pressure AMC stocks; Nippon Life’s pullback reflected short-term earnings disappointment and profit-taking.
The losers underline a risk that always exists on up days: selective profit-booking and company-specific negatives can produce sharp divergences even when the overall market is rising.
Top Gainers vs Top Losers — Stock Market 29 October
| Top Gainers | % Change | Top Losers | % Change |
|---|---|---|---|
| Blue Dart Express | +18.68% | Cohance Lifesciences | -8.52% |
| Five-Star Business Finance | +12.66% | Motilal Oswal | -7.65% |
| Adani Green Energy | +10.79% | Netweb Technologies | -6.72% |
| Varun Beverages | +9.09% | NMDC Steel | -5.45% |
| HEG Ltd | +8.56% | Nippon Life AMC | -5.20% |
This side-by-side shows the breadth of the day — large percentage winners and deep sectoral corrections on the losing side.
Why the Market Is Up Today
When you ask why the market is up today, the full answer is rarely a single sentence. Here’s a structured breakdown of the forces that combined to push the Stock Market 29 October higher:
A. Global macro and risk-on flows
Global cues were supportive — softer US bond yields and improving risk sentiment pushed Asian peers higher, which usually opens the door for Indian markets. Traders noted cues from global data and Fed expectations that favored risk assets. For live index-level confirmation, the exchanges’ official pages on NSE India and BSE India reflect the broader uptick.
B. Earnings triggers and company-specific beats
A clear theme today was earnings-led rotation. Companies with meaningful beats (Blue Dart, Varun Beverages, Five-Star Business Finance) saw aggressive buying. When several listed names in logistics, consumer and financials show visible improvement, index moves become sustainable — investors are willing to allocate capital because fundamentals appear to be changing for the better.
C. Sector rotation: IT + Financials lead the charge
The Nifty IT index posted a healthy gain (+0.73%), indicating comfort among global clients and optimistic guidance from large Indian IT services firms. At the same time, banks and financials were steady, ensuring breadth rather than a one-sector rally. This combination — cyclicals + tech — is constructive because it implies risk appetite across different economic exposures.
D. FII flows and market microstructure
Foreign Institutional Investors were buyers in the session, supporting large-caps and select mid-caps. Fresh FII buying matters because it often provides the fuel for sustained moves, especially when domestic liquidity is stable.
E. Technical momentum — catch-up buying above key levels
The Nifty closing above 26,000 acted as a psychological and technical trigger. Momentum traders and algorithmic flows often add positions when indices clear such round-number resistances, which can amplify a rally that begins with earnings and macro cues.
F. Healthy breadth and smallcap participation
Small-cap indices also advanced, showing that the move was not limited to the headline names. Broader participation reduces the risk that the rally is narrow and fragile.
G. Cautionary notes (why it may not be a runaway rally)
While the tone was positive, caution remains: mixed results pockets, regulatory overhang on certain financial names, and the ever-present sensitivity to global Fed signals mean traders should watch near-term support/resistance levels carefully. For contextual analysis and expert viewpoints, see coverage and reaction pieces on Moneycontrol and Economic Times.
In short: the Stock Market Today rose because positive global cues + strong earnings + sector rotation + FII support aligned — a fairly robust combination that tends to lift markets in a sustainable way, at least in the short term.
Conclusion — What to watch next
The Stock Market 29 October delivered a confident, broad-based gain: Nifty comfortably above 26,000 and Sensex above 85,000. That’s not trivial — it reflects both improved sentiment and real business updates from companies.
What you should watch next:
- Incoming quarterly results for more mid-cap names (they’ll confirm whether today’s breadth continues).
- FII flow trends — persistent buying can extend the move.
- Global policy cues (especially US data and Fed commentary) — these remain the biggest swing factor for Indian equities.
For continuing daily coverage and end-of-day recaps, keep checking the Day-End Market Summary section on OneDemat. If you missed yesterday’s context that led to today’s trend, read the Stock Market 27 October Highlights — Gainers & Losers.
Stay tuned to OneDemat for regular, concise market updates that help you make sense of every trading day.
FAQs
How did the Stock Market 29 October perform today?
Sensex rose 408 pts and Nifty gained 131 pts, supported by strong earnings and global cues.
Why was the market up today?
Positive global sentiment, strong quarterly results, and FII buying drove the rally.
Which stocks gained the most on 29 October?
Blue Dart Express, Adani Green Energy, Varun Beverages, and HEG were top gainers.
Which sectors performed well today?
IT, FMCG, and financial stocks led the session.
Why did Blue Dart stock jump so much today?
It reported strong quarterly numbers and improved margins.
Which stocks fell the most today?
Cohance Lifesciences, Motilal Oswal, and NMDC Steel were major losers.
Is Nifty above 26,000 now?
Yes, Nifty closed at 26,067.70, up 0.51%.
How did the Sensex close on 29 October?
Sensex ended at 85,037.08, up 408.92 points.
What global factors helped Indian markets today?
Lower bond yields, dovish Fed expectations, and firm Asian markets boosted sentiment.
Where can I read daily market recaps?
Visit OneDemat Day-End Market Summary for daily updates.
