Nifty 50 reclaims 24,200 in 2026; Sensex up 1%

Market opens with a sharp rebound

Indian equity benchmarks bounced strongly in morning trade on Wednesday, April 29, 2026, reversing the cautious tone seen a day earlier. The Nifty 50 reclaimed the 24,200 level, while the BSE Sensex rose more than 1% during the session. The move came even as investors tracked escalating geopolitical tensions in the Middle East and mixed cues across Asian markets.

Traders focused on domestic triggers, led by large earnings reactions in autos and select banking names. Stabilising global energy cues also supported sentiment early in the day, as the market leaned towards risk-on positioning after Tuesday’s decline.

Key index levels: Nifty, Sensex and intraday range

As of 10:39 AM IST, the Nifty 50 was at 24,274.30, up 275.95 points (1.15%). The index opened at 24,096.90 and moved within a wide range, touching an intraday high of 24,296.30 and a low of 24,059.95.

The BSE Sensex climbed to 77,782.95, gaining 896.04 points (1.17%) at the same time stamp. Market breadth was described as firmly positive in early trade, with buying concentrated in frontline pockets.

Autos and banks set the tone

The Nifty Auto index was highlighted as a top performer, helped by a strong move in Maruti Suzuki. In banking, Bandhan Bank stood out with an 8% jump after its latest quarterly performance, adding momentum to the broader rally.

Beyond these two triggers, Mahindra and Mahindra and Tech Mahindra were also mentioned among the top gainers. Reliance Industries, a key heavyweight, provided additional support as it traded with gains of over 1.3%, cushioning the indices on the upside.

Maruti Suzuki earnings: profit record and sales milestone

Maruti Suzuki’s move was linked to its FY26 performance. The company reported a record annual consolidated net profit of ₹14,679.5 crore for FY26. It also reported a sales milestone, with total vehicle sales at 24.22 lakh units.

The earnings print helped reinforce strength in auto stocks during the session, with investors treating the result as a clear near-term catalyst for the sector’s leadership within the day’s rally.

FII selling continues, but DIIs provide a counterweight

Despite the positive open, flows remained a key variable. Foreign Institutional Investors (FIIs) were net sellers on Tuesday, offloading equities worth ₹2,103 crore. Domestic Institutional Investors (DIIs) offset part of that pressure by buying equities worth ₹1,712 crore.

The combination mattered because the rebound came immediately after a down session, and the market had to absorb the impact of net foreign selling. The data point also underlined how domestic participation continued to influence near-term direction amid global uncertainty.

Midday check: rally sustains into noon

At about 12:14 PM, the momentum was still visible. The Sensex was up 987.79 points (1.28%) at 77,874.70, while the Nifty 50 rose 297.60 points (1.24%) to 24,293.30. The report noted a gap-up opening around 9:19 AM, followed by steady strength through the midday session.

Sectoral moves were also flagged as broadly supportive. The Nifty IT sector was reported higher at 29,378.80, up 1.45%, while autos continued to lead the day’s sectoral tone.

Previous session recap: what changed from Tuesday

The rebound followed a negative close on Tuesday, when risk appetite weakened and benchmarks slipped below key levels. The Nifty 50 ended Tuesday at 23,995.70, down 0.40%, after dipping below 24,000. The Sensex closed at 76,886.91, down 0.54%.

Wednesday’s early trade effectively reversed that drop, with the Nifty reclaiming 24,000 quickly and then moving back above 24,200 as earnings-linked buying strengthened.

Global cues and the day’s earnings calendar

Asian markets were described as mixed, following a tech-led decline on the Nasdaq. Even so, domestic focus stayed on corporate results, given a heavy earnings calendar. Vedanta, Adani Power, and Federal Bank were slated to report their March-quarter results on April 29.

Geopolitical headlines also remained in the background. The text referenced escalating Middle East tensions and noted that recent remarks by US President Donald Trump regarding Iran added uncertainty to the global backdrop.

Key data table: levels, flows and drivers

What the move means for investors

The session underscored how quickly sentiment can swing when heavyweight earnings and index leaders align in the same direction. Maruti’s FY26 numbers contributed to the auto-led push, while Bandhan Bank’s sharp move helped the market absorb mixed signals from financial services performance.

At the same time, the flow picture showed the market moving higher even after net foreign selling, with domestic buying acting as a stabiliser. With multiple companies scheduled to report March-quarter results the same day, the market’s next cues were still expected to come from earnings reactions rather than broad global risk sentiment alone.

Conclusion

On April 29, 2026, Indian equities rebounded strongly, with the Nifty 50 back above 24,200 and the Sensex up over 1% in morning-to-midday trade. The move was driven by Maruti Suzuki’s record FY26 profit, Bandhan Bank’s 8% surge, and support from heavyweight Reliance. Investors were also tracking mixed Asian cues, Middle East headlines, and the day’s earnings slate including Vedanta, Adani Power, and Federal Bank.