Indian Benchmark Indices Climb on Reliance, IT Sector Boost

Early trading sees Sensex and Nifty 50 higher, driven by key sector gains.

A split image showing the Bombay Stock Exchange and a digital display of stock market data.
This story details the factors contributing to the upward movement in Indian benchmark stock indices.
Key Points

The Indian stock market rose in early trading on Thursday due to strong performances from Reliance Industries and the information technology sector, alongside sustained investor interest in Jio Platforms.

  • Nifty 50 increased by 0.54% to 22,821.85.
  • Sensex gained 0.61% to reach 73,693.22.
  • Reliance Industries shares saw a 1.7% rise.
  • Jio Platforms advanced 3.5% after its market debut.
  • The IT sector climbed approximately 0.5%.
  • US Federal Reserve's unchanged interest rates supported positive sentiment.

Indian benchmark stock indices, the BSE Sensex and NSE Nifty 50, traded higher in early trading on Thursday, supported by gains in Reliance Industries, information technology stocks and continued investor interest in Jio Platforms.

According to Reuters, by 10:24 a.m. IST, the Nifty 50 had climbed 0.54% to 22,821.85, while the Sensex gained 0.61% to 73,693.22. Reliance Industries shares rose 1.7%, and Jio Platforms advanced 3.5%, extending gains following its stock-market debut.

IT stocks also moved higher, with the sector gaining around 0.5%. The positive sentiment followed the US Federal Reserve’s decision to keep interest rates unchanged, although elevated crude oil prices and high US Treasury yields continued to weigh on market sentiment.

Investors are expected to monitor corporate earnings, foreign investment flows and global economic developments for further direction. Market movements remain subject to changing domestic and international conditions.

Published: Thursday, 29 October 2026 | 1:58 PM IST

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