Sensex Rebounds Strongly to Close 609 Points Higher as Nifty Reclaims 24,150 Amid Auto Sector Rally

The Indian equity benchmarks staged a spectacular and highly decisive recovery on April 29, 2026, completely shaking off earlier geopolitical anxieties. The BSE Sensex surged aggressively to settle 609 points higher at 77,496, while the broader NSE Nifty 50 jumped significantly to close at 24,177, comfortably reclaiming the psychological 24,150 support level.

The massive market rally was heavily propelled by intense buying momentum in blue-chip stocks, particularly within the Auto, FMCG, and IT sectors. The Nifty Auto index emerged as the absolute top performer of the day, rising by a massive 2.5%, heavily led by a stellar surge in Maruti Suzuki. IT heavyweights like Tech Mahindra and Infosys also witnessed strong buying interest following solid Q4 earnings reports that highlighted successful AI-led transformations. Furthermore, the broader markets showcased excellent resilience, with both the MidCap and SmallCap indices advancing nearly 1%, indicating widespread, healthy retail participation beyond just the frontline stocks. Financial analysts note that the market's strong upward trajectory was highly supported by robust corporate earnings and shifting global cues, proving the underlying strength of domestic institutional buying despite fluctuating international crude oil prices.