Indian Stock Market Today: Sensex Gains 889 Points, Nifty Above 24,250 | July 29, 2026 Market Closing Report
The Indian stock market ended Wednesday’s session on a strong note as investors cheered robust Q1 earnings, renewed FII buying, and optimism ahead of the U.S. Federal Reserve policy decision. IT stocks led the rally despite rising crude oil prices due to geopolitical tensions in the Middle East.
Market Summary
| Index | Close | Change |
|---|---|---|
| Sensex | 77,654.60 | ▲ 888.68 (+1.16%) |
| Nifty 50 | 24,250.20 | ▲ 264.85 (+1.10%) |
| Bank Nifty | 57,205.90 | ▲ 450.30 (+0.79%) |
| Nifty IT | 31,123.10 | ▲ 2.32% |
Market Breadth
- Advancing Stocks: Positive
- IT sector emerged as the biggest gainer
- FMCG remained under pressure
- FII buying supported sentiment
Market Chart
Top 3 Gainers
| Stock | Reason |
|---|---|
| Hindustan Unilever | Strong buying after earnings-led correction |
| Larsen & Toubro | Better-than-expected quarterly earnings |
| Jio Financial Services | Broad financial sector buying |
Top 3 Losers
| Stock | Reason |
|---|---|
| ADANIPORTS | Profit booking |
| POWERGRID | Profit Boking |
| M&M | Profit Boking |
Why Did Market Rise Today?
Major reasons behind today’s rally:
- Strong Q1 corporate earnings
- Foreign Institutional Investor buying
- Sharp rebound in IT stocks
- Optimism ahead of Federal Reserve policy announcement
- Cooling inflation expectations supporting risk appetite
Commodity Market
| Commodity | Trend |
|---|---|
| Brent Crude Oil | ↑ Rising above $87/barrel |
| Gold | Slightly Weak |
| Silver | Stable |
Market Impact
Higher crude oil prices remain a concern for India’s inflation outlook due to increased import costs.
Cryptocurrency Market
| Crypto | Trend |
|---|---|
| Bitcoin | Around $64,000–65,000 |
| Ethereum | Weak |
| Overall Crypto Market | Mixed ahead of Fed decision |
Today’s Major Events
🇺🇸 US Federal Reserve Meeting
- Investors await the FOMC policy decision.
- Markets largely expect the Fed to keep interest rates unchanged, while commentary on inflation and future rate guidance will be closely watched.
🇮🇳 RBI
- No monetary policy announcement today.
- Investors continue monitoring inflation and liquidity trends for clues on future RBI action.
Inflation Data
- Markets remain focused on upcoming inflation releases in the U.S. and India, which could influence interest rate expectations.
IPO GMP Today
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(Update with latest IPO GMP values before publishing.)
Market News
Indian Market
- Sensex surged nearly 900 points.
- Nifty closed above 24,250.
- IT sector led gains.
- Strong buying was seen across banking and financial stocks.
- Positive quarterly earnings supported investor sentiment.
US Market
- Investors remain cautious ahead of the Federal Reserve policy announcement.
- Wall Street is watching inflation trends, corporate earnings, and Fed guidance.
European Market
- European indices traded mixed amid geopolitical concerns and rising crude oil prices.
- Investors are also awaiting cues from the Fed meeting.
Economy Update
Federal Reserve
- Interest rate decision due today.
- Markets expect rates to remain unchanged.
RBI
- Domestic inflation and liquidity remain the key focus for future policy decisions.
Crude Oil
- Brent crude climbed above $87/barrel amid escalating Middle East tensions.
Dollar Index
- Traders remain focused on the U.S. dollar ahead of the Fed decision, with currency volatility expected.
Tomorrow’s Market Triggers
- U.S. Federal Reserve Policy Outcome
- Global Market Reaction
- Crude Oil Movement
- FIIs/DIIs Activity
- Q1 FY27 Corporate Earnings
- Dollar Index
- India Rupee Movement
- IPO Listings & GMP
Market Outlook
The Indian market ended the session with broad-based gains, led by IT and financial stocks, despite concerns over higher crude oil prices. Investor sentiment remains constructive, supported by corporate earnings and renewed foreign inflows. However, volatility may increase after the U.S. Federal Reserve’s policy decision and any changes in global risk sentiment.