Indian Stock Market Sees Significant Gains, Led by Major Firms

On April 29, 2026, the Indian stock market experienced notable gains, with the SENSEX advancing as much as 0.99% to reach an intraday high of 77,420.04. The increase was primarily aided by robust performances from major companies, including Reliance Industries and Bharti Airtel.

The SENSEX recorded a rise of 695 points during the day, while the NIFTY50 index climbed to an intraday high of 24,211. The positive trend in the Indian market was mirrored across several Asian markets, driven in part by the stabilisation of crude oil prices in international markets. The Shanghai Composite in China rose by 0.11%, the Hang Seng index in Hong Kong gained 1.12%, and South Korea’s KOSPI saw an increase of 0.17%.

Conversely, US markets faced setbacks, with the Dow Jones Industrial Average declining by 0.05%, the S&P 500 falling by 0.5%, and the Nasdaq seeing a drop of 0.9%.

Data from the National Stock Exchange indicated that foreign institutional investors sold shares valued at ₹2,103 crore on Tuesday, while domestic institutional investors purchased stocks worth ₹1,712 crore. Approximately 13 of the 15 sector indices monitored by the National Stock Exchange were on an upward trajectory, with the NIFTY Auto index leading the way with gains exceeding 2%. Other sectors, including FMCG, Information Technology, Realty, Banking, Financial Services, and Private Banks, also recorded increases ranging from 0.7% to 1.5%.

In contrast, media and metal indices showed declines. Broader market indices performed similarly, with the NIFTY Midcap 100 index up by 0.74% and the NIFTY Smallcap 100 index increasing by 0.7%. Among the more significant individual stock movements, shares of Garden Reach Shipbuilders surged up to 16%, reaching an intraday high of ₹3,339 following a 24% increase in net profit, which amounted to ₹303 crore for the quarter ending March.

Maruti Suzuki emerged as the top performer in the NIFTY50 index, with shares climbing 4.4% to ₹13,459 after the company announced a record annual consolidated net profit of ₹14,679.5 crore for FY26, representing a year-on-year growth of 1.24%. This growth was attributed to the company's highest annual sales of over 24.22 lakh vehicles, supported by a reduction in the Goods and Services Tax rate. The previous fiscal's profit was reported at ₹14,500.2 crore.

Other companies experiencing gains included Mahindra & Mahindra, Bharti Airtel, Reliance Industries, Tata Motors Passenger Vehicles, ITC, and Eicher Motors, which saw increases ranging from 2.4% to 3.2%. Dr Reddy's Laboratories, Asian Paints, Hindalco, JSW Steel, and Axis Bank were among the notable gainers in the NIFTY50 index.

Overall, market breadth remained positive, with 2,036 shares advancing against 957 shares declining on the National Stock Exchange, indicating a healthy trading environment for investors.