The Indian benchmark indices closed in positive territory on Wednesday, April 29, with the BSE SENSEX jumping 609.45 points or 0.79% to close at 77,496.36. According to reports from Upstox, the NIFTY50 climbed 181.95 points or 0.76% to end at 24,177.65. The SENSEX advanced to an intraday high of 77,982.07, while the NIFTY50 touched the session's peak of 24,334.70. The rally was driven by gains in FMCG and realty stocks, with investor sentiment also improving on the back of positive Q4 earnings.
ITC emerged as the top performer, closing 5.96% higher amid a report by NDTV Profit that the company along with Godfrey Phillips will hike cigarette prices by 17% in May. According to Upstox, Tech Mahindra followed with gains of 3.31%, while Reliance Industries rose 2.96%. Coal India and Maruti Suzuki also featured among the top gainers with gains of 2.93% and 2.89% respectively. Maruti Suzuki shares jumped as the company posted a record annual consolidated net profit of ₹14,679.5 crore in FY26, representing a year-on-year growth of 1.24%, riding on its best-ever annual sales of over 24.22 lakh units.
According to exchange data reported by Upstox, foreign institutional investors (FIIs) sold stocks worth ₹595.78 crore on Tuesday, while domestic institutional investors (DIIs) purchased equities worth ₹2,103.74 crore on a net basis. This institutional activity contributed to the positive market sentiment, with DIIs providing strong support to the market through their continued equity purchases.
The NIFTY Midcap 100 closed at 60,376.90, down by 0.07% or 42.50 points. As reported by Upstox, the top laggards included JSW Energy (-3.94%), Lenskart Solutions (-3.21%), and Vishal Mega Mart (-2.48%). On the positive side, Godfrey Phillips India surged 7.08%, while Cochin Shipyard and Vodafone Idea also posted significant gains. The NIFTY Smallcap 100 ended 0.65% or 117.05 points higher at 18,093.15, led by Devyani International with gains of 13.67% and Bandhan Bank with 11.21%.
InterGlobe Aviation, the parent company of IndiGo, closed 2.31% lower, according to Upstox reports. Other top losers included Dr. Reddy's (-1.99%), NTPC (-1.66%), Bajaj Finserv (-1.02%), and ICICI Bank (-0.97%). In the smallcap segment, Bandhan Bank hit a 52-week high reporting a 68.02% year-on-year surge in net profit to ₹534.14 crore during the quarter, compared to ₹317.90 crore in Q4 FY25. Garden Reach Shipbuilders also surged as its net profit for Q4 rose 24% to ₹303.19 crore compared year-on-year with ₹244.24 crore in the same period last year.
