Indian shares rise after Fed holds rates steady; earnings-led gains provide boost

Adani Enterprises

29/10/2026 06:58

** India's Nifty 50 .NSEI and BSE Sensex .BSESN rise 0.7% and 0.9%, respectively
** US Federal Reserve holds key rates unchanged on Wednesday, as expected, opting to delay any changes in borrowing costs until after next week's US midterm elections while it awaits further data on inflation
** Post-earnings gains in Adani Ports APSE, Adani Enterprises ADEL.NS and Hindustan Unilever HLL.NS by 5%, 4% and 1.6%, respectively, boost benchmarks
** Fifteen of 16 major sectors rise; broader small-cap .NIFSMCP100 and mid-caps .NIFMDCP100 add 0.6% and 0.3%, respectively
** Nifty FMCG index .NIFTYFMCG up 1.7%, with HLL second-biggest contributor to gains
** Power stocks Power Grid PGRD.NS and NTPC NTPC.NS rise 4% and 2%, respectively, on optimism over power demand
** Brent crude futures LCOc1 drop 1% to $114 per barrel O/R


 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com;))