Sensex, Nifty extend gains on easing crude oil prices
FMCG shares advanced after declining in the past trading session.
At 11:25 IST, the barometer index, the S&P BSE Sensex advanced 523.77 points or 0.71% to 73,768.89. The Nifty 50 index rose 144.80 points or 0.64% to 22,843.65.
In the broader market, the Nifty MidCap 150 Index rose 0.33% and the BSE 250 SmallCap Index added 0.43%.
The market breadth was positive. On the NSE, 1,964 shares rose and 1,346 shares fell. A total of 111 shares were unchanged.
Brent crude for the December 2026 settlement declined $1.69 or 1.51% to $109.95 a barrel.
Initial Public offer (IPO)
BLS Polymers received bids for 84,97,64,300 shares as against 1,19,00,000 shares on offer, according to stock exchange data at 11:25 IST on 29 October 2026. The issue was subscribed 71.41 times.
The issue opened for bidding on 27 October 2026 and will close on 29 October 2026. The price band of the IPO is fixed between Rs 142 and 150 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof.
SFC Environmental Technologies received bids for 61,00,380 shares as against 1,41,59,744 shares on offer, according to stock exchange data at 11:25 IST on 29 October 2026. The issue was subscribed 0.43 times.
The issue opened for bidding on 27 October 2026 and will close on 29 October 2026. The price band of the IPO is fixed between Rs 313 and 330 per share. An investor can bid for a minimum of 45 equity shares and multiples thereof.
M. K. Sons Fine Jewels received bids for 95,19,783 shares as against 1,19,00,000 crore shares on offer, according to stock exchange data at 11:25 IST on 29 October 2026. The issue was subscribed 0.80 times.
The issue opened for bidding on 28 October 2026 and will close on 30 October 2026. The price band of the IPO is fixed between Rs 153 and 162 per share. An investor can bid for a minimum of 91 equity shares and multiples thereof.
Bombay Coated & Special Steels received bids for 1,84,40,786 shares as against 1,65,33,012 shares on offer, according to stock exchange data at 11:25 IST on 29 October 2026. The issue was subscribed 1.12 times.
The issue opened for bidding on 27 October 2026 and will close on 29 October 2026. The price band of the IPO is fixed between Rs 313 and 330 per share. An investor can bid for a minimum of 45 equity shares and multiples thereof.
Buzzing Index:
The Nifty FMCG index rose 1.48%. The index shed 0.56% in the past trading session.
United Spirits (up 2.75%), Hindustan Unilever (up 2.27%), Godfrey Phillips India (up 2.07%), Britannia Industries (up 2.03%), Dabur India (up 2.01%), ITC (up 1.71%), Varun Beverages (up 1.08%), Colgate-Palmolive (India) (up 0.96%), Nestle India (up 0.83%) and Radico Khaitan (up 0.77%) surged.
Global Market:
Dow futures surged 239 points, signalling a strong opening for US stocks.
Asian indices were mixed on Thursday, as gains in artificial intelligence-linked shares offset concerns following Alphabet's weaker-than-expected earnings.
Investors assessed the latest technology earnings alongside the Federal Reserve's decision to keep interest rates unchanged. Semiconductor stocks drew support from gains in US chipmakers, while concerns about the cost of AI infrastructure and the returns on investment remained in focus. Alphabet's post-market earnings miss added uncertainty ahead of further results from major technology companies.
US stocks ended higher on Wednesday, after the Federal Reserve kept its benchmark interest rate unchanged. The Dow Jones Industrial Average rose 97.53 points, or 0.19%, to 52,475.10. The S&P 500 gained 21.37 points, or 0.28%, to 7,743.97, while the Nasdaq Composite advanced 72.04 points, or 0.27%, to 26,549.85.
The Fed maintained its target range at 3.75%-4.00% in a 10-2 vote. It upgraded its assessment of economic activity but said inflation remained elevated. Governors Lisa Cook and Beth Hammack dissented, preferring a 25-basis-point rate increase. Markets subsequently raised the implied probability of a December rate hike to 85%, from 78.3% a day earlier, according to CME FedWatch data.
Microsoft shares gained more than 4% in extended trading after the company reported stronger-than-expected cloud revenue. Azure growth accelerated to 48% in its fiscal first quarter, beating its previous guidance and supporting optimism about demand for cloud computing and AI services. Investors will continue to assess Microsoft's capital expenditure and data-centre investment plans.
Alphabet shares fell more than 7% in after-hours trading after its third-quarter results missed analysts' expectations. Revenue rose 25% year on year to $127.58 billion, below the $127.97 billion forecast. Net income fell to $26.17 billion from $34.98 billion a year earlier, while earnings per share came in at $2.12, below estimates of about $3.01. An $8.7 billion loss on equity investments weighed on reported earnings.
Google Cloud remained a bright spot, with revenue surging 103% to $30.7 billion, driven by demand for AI infrastructure and enterprise services. However, investors remained concerned about the scale of capital expenditure and the returns from AI investment.
Investors are awaiting US third-quarter GDP, September personal income and spending figures, and the Personaonsumption Expenditures price index on Thursday. The PCE index is the Federal Reserve's preferred inflation gauge. Initial jobless claims are also due.
Powered by Capital Market - Live News