Stock Market Update 29 April 2026: Sensex Gains Over 300 Pts; Nifty Above 24,100

Most Indian stock market indices were trading higher after market opening on Wednesday, 29 April 2026.

At around 9:15 AM, the Sensex was up by around 336 points (0.43%) to trade at 77,239.18. The Nifty 50 was also up by 118 points (0.5%) to trade at 24,117.85.

Notably, both indices ended slightly lower on Tuesday amid geopolitical uncertainty. The Nifty 50 closed the session at 23,995.70 (down by 0.40%), whereas the Sensex closed at 76,886.91 (down by 0.54%).

How Other Indices Are Performing?

Not just the Sensex and Nifty, but most other indices were trading in the green during early trade on Wednesday.

At around 9:16 AM, Bank Nifty was up by 0.18% to trade at 55,495.60. The Nifty Financial Services index was also trading marginally higher by around 0.1% to trade at 25,947.25.

Nifty Metal was the only index in the red, down by 0.77% to trade at 12,955.10.

Top Gainers And Losers

Most stocks were bullish during early trade on Wednesday. Approximately 1,642 shares opened in the green, whereas 519 shares opened in the red. Around 138 shares were unchanged.

The top gainers on Nifty were Eternal, Maruti Suzuki, ONGC, Dr Reddys Labs, and Coal India. The top losers were Hindalco Industries, Asian Paints, SBI Life Insurance, Bajaj Finserv, and ICICI Bank.

What About The Global Markets?

Global markets gave mixed cues amid heightened geopolitical uncertainty and no clarity on the Middle East situation.

• S&P 500 futures were up by 0.1% as of 11:32 AM Tokyo time.

• Nikkei 225 futures (OSE) were down by 0.9%.

• Australia’s S&P/ASX 200 was down by 0.2%.

• Hong Kong’s Hang Seng was up by 1%.

• The Shanghai Composite was up by 0.1%.

• Euro Stoxx 50 futures were little changed.

Developments Shaping The Market

• Middle East Uncertainty: The uncertainty in the Middle East is one of the most crucial factors that is causing the current market volatility. Even though there are important developments happening in the Gulf region, there is no clarity on a resolution between the two sides.

• Rupee Under Pressure: The Indian National Rupee (INR) continues to tumble amid the ongoing geopolitical tensions and the Reserve Bank of India’s rollback of temporary measures that had been supporting the currency. It opened lower by 0.2% at 94.74 per US dollar on Wednesday.

• FII Outflows: Foreign institutional investors (FII) continue to pull out money from the Indian equity markets. The primary reason behind this is the weak performance of the Indian markets in 2025. The trend is continuing in 2026 as well.

• State Elections: State elections are going to be over on Wednesday. The exit polls and other developments could also have a temporary impact on the markets.

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Investor Takeaway

The markets have somewhat bounced from the recent slump due to the ongoing Middle East conflict. Analysts believe they could continue their upward trajectory in the upcoming days. However, a lot depends on potential resolution between the US and Iran and other geopolitical developments.

Sources:

The Economic Times

Moneycontrol