Archive · 29 Jul 2026
Sensex Jumps 700 Points, Nifty Surges Ahead of Fed Decision
On July 29, 2026, the Indian stock markets opened higher with the Sensex rising over 650 points and the Nifty reclaiming 24,150 points.
The IT sector led the rally, with stocks like Infosys and Tech Mahindra performing well.
While the market showed strong gains, investors remained cautious due to geopolitical tensions in the Middle East and the upcoming US Federal Reserve's policy decision.
The Fed is expected to keep interest rates unchanged, which could support the market.
However, any surprise rate hike could have negative implications for Indian markets.
Sensex opened 657.85 points higher at 77,423.77.
Nifty 50 rose 175.60 points to 24,160.95.
IT sector was the top performer with a 2.75% gain.
Market volatility eased with India VIX falling 2.10% to 12.30.
Investors are cautious due to geopolitical tensions and the Fed's policy decision.
- Who
- Indian stock market investors and global market participants
- What
- Sensex and Nifty indices opened higher, led by IT stocks
- When
- July 29, 2026
- Where
- Indian stock markets
- Why
- Positive global cues, expectations of unchanged US interest rates, and strong performance of IT stocks
Optimistic Market Outlook
Cautious Market Outlook
Market Performance
Optimistic Market Outlook
The market is showing strong gains, particularly in IT stocks, indicating a positive trend.
Cautious Market Outlook
Despite the gains, underlying sentiment remains cautious due to geopolitical tensions and global economic uncertainties.
Federal Reserve's Policy Decision
Optimistic Market Outlook
The market expects the Federal Reserve to keep interest rates unchanged, which is likely to support the current market momentum.
Cautious Market Outlook
A surprise rate hike by the Federal Reserve could have negative implications for Indian markets, driving foreign investors towards US bonds.
- Sensex Opening
- 77,423.77 (up 657.85 points)
- Nifty 50 Opening
- 24,160.95 (up 175.60 points)
- Top Performing Sector
- IT (Nifty IT index up 2.75%)
- Market Volatility Index
- India VIX down 2.10% to 12.30
- Geopolitical Concerns
- Tensions in the Middle East affecting oil prices
- Federal Reserve Decision
- Expected to keep interest rates unchanged
- Brent Crude Price
- $85.18 per barrel (up 3.78%)
- Foreign Institutional Investors
- Bought equities worth Rs 755.33 crore
Sources
Why market is rising today: Sensex surges 800 pts, Nifty tops 24,200 despite spike in oil prices
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