Indian Markets Stage Strong Rebound as Nifty Crosses 22,900

Indian equity markets staged a strong rebound on October 29, 2026, recovering from previous weakness as improved global sentiment, easing crude oil prices, and renewed institutional buying boosted investor risk appetite. The Nifty 50 climbed over 1% to close above the crucial 22,900 mark at 22,936.75, while the Sensex surged 905 points to settle at 74,151.04.

Stock Picks

Market expert Raja Venkatraman, co-founder of NeoTrader, shared his top stock picks and trade strategies. For Zensar Technologies, the buy recommendation is above 540 rupees, with a stop loss at 515 rupees and a target of 605 rupees. For Blue Star, the buy level is above 1,675 rupees, with a stop at 1,590 rupees and a target of 1,850 rupees. For DLF, the buy recommendation is above 697 rupees, with a stop loss at 660 rupees and a target of 770 rupees.

Market Breadth

Market breadth improved significantly, with gains spreading across large-cap, mid-cap, and small-cap segments. The rally was led by FMCG, financials, power, realty, and IT stocks. Notable gainers included Adani Ports, Kotak Mahindra Bank, Power Grid, Bajaj Finance, and Infosys. Technically, the Nifty reclaimed the 22,800-resistance zone and closed near the day's high. The 22,700 to 22,800 region now serves as an important support area, while 23,100 is the next resistance level.

Context

Stock market analysts often use technical levels like support and resistance zones to predict future price movements based on past trading patterns. Indices like the Nifty 50 and Sensex track the overall performance of top companies listed on Indian stock exchanges to reflect broader market health. Investment in securities always carries inherent market risks that require careful study.