NewsSignals AI analysis·Reuters·Oct 29, 2026

Reliance, IT lead Indian shares higher; Fed holds rates steady as expected

Grade Bbullish AI signal$SPX

Indian shares advanced in early trading, with the Nifty 50 gaining 0.54% and the Sensex rising 0.61%, led by Reliance Industries and IT stocks as the US Federal Reserve held interest rates steady as expected. Reliance Industries climbed 1.7% while Jio Platforms extended its debut gains by 3.5%, but elevated oil prices and high US Treasury yields continued to weigh on India's market outlook. Indian equities could extend gains if positive stock-specific momentum persists, though elevated crude prices and sustained US yields may limit foreign investor appetite.

Bullish strength: 60/100

Nifty 50 rose 0.54% and Sensex gained 0.61%.
Fifteen of 16 major sectors advanced.
The Fed held interest rates steady as expected.
Adani Ports raised its operating profit guidance after reporting higher quarterly profit.

Bearish strength: 40/100

Elevated crude oil prices continued to limit gains.
High US Treasury yields may make Indian equities less attractive to foreign investors.
The Fed said US inflation remains elevated.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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