Sensex surges 905 pts, Nifty tops 22,900 on heavy buying in banking, FMCG stocks

Mumbai Stock markets rallied more than 1% on Thursday (October 29, 2026), with benchmark Sensex soaring 905 points on heavy buying in banking and FMCG shares, and easing crude oil prices. U.S. Fed holds rates steady; pressure on emerging markets expected with stronger dollar outlook U.S. Fed holds rates steady; pressure on emerging markets expected with stronger dollar outlook The U.S. Fed is expected to keep the rates elevated, making U.S. Treasuries and the dollar relatively more attractive than emerging market economies for foreign investors ANALYSIS U.S. Fed holds rates steady; pressure on emerging markets expected with stronger dollar outlook storyline 1 The 30-share BSE Sensex jumped by 905.01 points, or 1.24%, to close at 74,151.04. The 50-share NSE Nifty settled 237.90 points, or 1.05%, higher at 22,936.75.