Markets rebound sharply as IT,FMCG, banking stocks shine

The domestic share market rallied on Thursday, with Sensex and Nifty rising more than 1% amid broad-based buying across sectors, barring auto stocks.At close, the Sensex was up 905.01 points or 1.24 percent at 74,151.04, and the Nifty was up 237.90 points or 1.05 percent at 22,936.75.Meanwhile, the Federal Reserve kept its interest rates unchanged, while geopolitical tensions remain elevated.
Adani Ports, Adani Enterprises, Kotak Mahindra Bank, Power Grid Corp, Eternal were the top gainers on the Nifty, while losers included Trent, Bajaj Auto, Maruti Suzuki, SBI Life Insurance and Hindalco Industries.On the sectoral front,except Auto, all other sectoral indices ended in the green with Nifty Bank, Energy, Consumer Durables, Media, Infra, IT, PSU Bank, Private Bank up 1 percent each, while Metal, Oil & Gas, Realty up more than 0.5 percent each, according to agency reports.The broader markets performed inline with main indices with Nifty midcap and smallcap indices rising 1 percent each.
Rupee Close:
On 29 Oct'26,the Indian rupee consolidated in a narrow range and rose 3 paise to close at 95.25 (provisional) against the US dollar on Thursday, supported by positive domestic markets and softening crude oil prices.Forex traders said the rupee fell to a two-week low on a strong dollar and a slightly hawkish Fed. However, positive domestic markets and softening of crude oil prices cushioned the downside.
Trading Guide:
Market experts recommended three stocks to buy on Thursday Fortis Healthcare, LTM Fortis Healthcare, LTM and BSE stock futures.

(Business Correspondent)