Stock Market Today (29 July 2026): Sensex and Nifty Extend Gains as IT Stocks Continue to Lead
Indian equities remained resilient on 29 July as investors continued buying quality IT and select large-cap stocks despite profit booking in a few sectors. Quarterly earnings and global market cues remained the key drivers of market sentiment.
The Indian stock market ended on a positive note on 29 July 2026, extending the recovery seen in the previous trading session. Buying interest in Information Technology (IT), auto, and select large-cap stocks helped benchmark indices finish higher, while investors remained focused on quarterly earnings announcements and global market developments.
Throughout the trading session, the market witnessed stock-specific buying instead of broad-based participation. Companies that delivered strong quarterly earnings attracted fresh investments, whereas a few banking and FMCG stocks experienced mild profit booking after recent gains. Overall, investor confidence remained positive due to improving corporate earnings and supportive global cues.
Market Highlights
The benchmark indices traded in positive territory for most of the session. Strong participation from institutional investors and better-than-expected earnings from several companies supported the market.
Mid-cap and small-cap stocks also performed well, indicating healthy market breadth and improved investor participation.
Best Performing Sectors
The Information Technology sector remained the top performer for another session.
Major IT companies that attracted buying included:
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Infosys
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Tata Consultancy Services (TCS)
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HCL Technologies
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Tech Mahindra
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Wipro
The Auto sector also witnessed healthy buying as investors remained optimistic about demand recovery and company earnings.
Weak Performing Sectors
Some sectors remained under pressure due to profit booking, including:
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Banking
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FMCG
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Consumer Goods
Despite this, the overall market sentiment remained constructive as declines were limited.
Top Gainers
Among the stocks that performed well during the session were:
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Infosys
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Tata Consultancy Services (TCS)
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Tech Mahindra
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Mahindra & Mahindra
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HCL Technologies
Strong earnings expectations and continued buying in the technology sector supported these stocks.
Top Losers
Some banking and FMCG companies witnessed mild selling pressure as investors booked profits after recent gains. Defensive sectors also remained relatively subdued during the session.
What Drove the Market?
Quarterly Earnings
Strong corporate earnings remained the biggest driver of stock-specific movements as investors rewarded companies that reported healthy financial performance.
IT Sector Rally
Technology companies continued their upward momentum, supported by positive global demand expectations and improving investor confidence.
Global Market Support
Positive cues from international markets and expectations of stable economic growth encouraged buying in Indian equities.
Selective Profit Booking
While the overall trend remained positive, some investors booked profits in banking and FMCG stocks after their recent rally.
Investor Outlook
Market participants are expected to remain focused on upcoming corporate earnings, global economic data, foreign institutional investor activity, and macroeconomic developments. Analysts believe stock-specific action may continue in the near term, with quality companies likely to remain in focus.
Long-term investors should continue following a disciplined investment strategy, while short-term traders should maintain proper risk management amid ongoing market volatility.
Conclusion
The Indian stock market closed higher on 29 July 2026, supported by continued strength in IT stocks and encouraging quarterly earnings. Although profit booking was visible in a few sectors, the broader market remained resilient.
Going forward, corporate earnings, global market trends, and institutional investment flows are expected to play a key role in determining market direction over the coming sessions.