Indian Stock Market Opens Strongly, Driven by Media and IT Stocks
The Indian stock market opened on a positive note, with strong gains in media and IT sectors, as Sensex and Nifty rose early Thursday.
Mumbai, October 29 (Daily Kiran) : The Indian stock market opened robustly on Thursday, October 29, 2026. By 9:25 AM, the Sensex had gained 156 points, or 0.21%, reaching 73,401, while the Nifty rose by 36 points, or 0.16%, to hit 22,743.
The early gains were bolstered by strong performances in the media and IT sectors. Key indices like Nifty Media, Nifty IT, and Nifty PSU Bank were among the top gainers, alongside Nifty Consumer Durables, Nifty Services, Nifty Infra, Nifty PSE, Nifty Energy, Nifty Commodities, Nifty Pharma, and Nifty Healthcare.
Conversely, sectors such as Nifty Auto, Nifty India Defense, Nifty Realty, and Nifty India Manufacturing faced losses.
There was noticeable buying interest across large-cap, mid-cap, and small-cap stocks. The Nifty Smallcap 100 Index rose by 60 points, or 0.33%, to 18,695, while the Nifty Midcap 100 Index increased by 167 points, or 0.29%, reaching 57,441.
Among the gainers in the Sensex pack were Adani Ports, Power Grid, TCS, Titan, Kotak Mahindra Bank, NTPC, Infosys, HUL, BEL, Tech Mahindra, SBI, Sun Pharma, Indigo, Bharti Airtel, and Axis Bank. In contrast, losers included Trent, L&T, Asian Paints, Maruti Suzuki, Bajaj Finserv, Tata Steel, HDFC Bank, Ultratech Cement, and Eternal.
Globally, market trends were mixed. Shanghai, Hong Kong, Seoul, and Jakarta were in the red, while Tokyo showed positive movement. The U.S. stock market closed higher on Wednesday.
Crude oil prices were also showing weakness. As of the latest updates, WTI crude was down 1.30%, trading at $101 per barrel, and Brent crude fell 1.23% to $110.28 per barrel.
Additionally, gold and silver prices were declining. Gold on COMEX decreased by 0.10%, trading at $4,047 per ounce, while silver fell by 0.86% to $53.20 per ounce.
