Market Opening
Indian equity markets opened higher on Wednesday, July 29, 2026, as the Nifty 50 was quoted at 24,179.85, up 0.81%, and the BSE Sensex 30 at 77,427.86, up 0.86%. The rise was attributed to strong domestic momentum, improving global risk sentiment, and anticipation of the U.S. Federal Reserve’s policy decision later in the day.
Currency
The USD/INR exchange rate traded at 95.836, marginally weaker by 0.01% against the rupee, indicating a slightly stronger Indian rupee.
Commodities
Crude oil prices rebounded sharply overnight. West Texas Intermediate (WTI) surged 4.35% to $82.71 per barrel, while Brent crude climbed 3.95% to $85.32 per barrel. Gold prices fell 0.41% to 4,022.15 rupees per 10 g, reflecting reduced safe‑haven demand ahead of the Fed announcement.
Equity Movers
Top gainers were:
- Tata Consultancy Services (TCS), gaining as investors accumulated technology shares.
- Eternal, advancing on continued buying momentum.
- Hindustan Unilever Ltd (HUL), rising as defensive FMCG stocks attracted interest.
Top losers were:
- Bharat Electronics Ltd (BEL), which saw profit‑booking after recent gains.
- ICICI Bank, which slipped amid selective selling in financial stocks.
- State Bank of India (SBI), which remained under pressure despite the broader market’s positive opening.
Market Outlook
Analysts noted that quarterly corporate earnings remain the primary catalyst for Indian equities, with the Nifty Bank index expected to be closely watched. The stronger opening reflects improving risk appetite, but the sharp rebound in oil prices introduces a macro‑economic risk to inflation, the fiscal balance, and the current account if the price levels persist. Investors will continue to monitor corporate earnings, crude oil price movements, rupee fluctuations, foreign institutional investor (FII) activity, global equity performance, the Fed’s policy decision, geopolitical developments, and upcoming macro‑economic data releases for further direction.