{
  "id": 17027967,
  "title": "Nifty climbs past 22,800 at midday; Adani Ports surges 5%, Trent slips 2.4%",
  "url": "https://urgent.news/2026/10/29/nifty-climbs-past-22-800-at-midday-adani-ports-surges-5-trent-slips-2",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T07:32:07.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/nifty-climbs-past-22800-at-midday-adani-ports-surges-5-trent-slips-24/article71639482.ece"
  },
  "original_language": "en",
  "account": "The Nifty 50 index reached 22,838.35, up 139.50 points or 0.61 percent, while the Sensex climbed to 73,783.04, gaining 537.01 points or 0.73 percent, by 12:43 pm on Thursday. This increase pushed the indices past the previously marked 22,800 resistance level, fueled by broad-based buying in infrastructure, banking, and energy sectors. Despite a cautious market opening, Nifty began near 22,691, slightly lower than its previous close of 22,698.85, impacted by a lackluster Gift Nifty signal and ongoing uncertainty about the US Federal Reserve's next policy decision. The Federal Reserve maintained interest rates between 3.75 percent and 4.00 percent in a 10-2 vote, with Governor Cook and Cleveland Fed President Hammack voting in favor of a quarter-point hike, keeping a December increase on the table. Adani Ports led the Nifty 50's gainers, surging 5.26 percent to ₹1,854 from ₹1,761.30 on heavy trading volume of 48.36 lakh shares worth ₹88,048.69 lakhs. Adani Enterprises followed with a 4.61 percent increase to ₹2,594 from ₹2,479.80, with 12.82 lakh shares traded worth ₹32,565.18 lakhs. Power Grid climbed 3.96 percent to ₹261.35 from ₹251.40, while Kotak Mahindra Bank advanced 3.38 percent to ₹454.85 from ₹440, reflecting renewed interest in private sector banking stocks. Eternal rose 3.04 percent to ₹335.90 from ₹326, and Bajaj Auto declined 1.96 percent to ₹10,279 from ₹10,485. SBI Life Insurance slipped 1.22 percent to ₹1,646.30 from ₹1,666.70. Market breadth on the BSE was positive, with 2,283 stocks advancing versus 1,838 declining and 241 unchanged among 4,362 traded stocks. However, 129 stocks hit new 52-week lows, compared to 79 at 52-week highs, and 168 stocks were in lower circuits versus 158 in upper circuits, indicating that recovery was concentrated among larger-cap stocks. WTI crude oil traded near $101.43 per barrel, and the rupee stood at 95.21 against the dollar, adding pressure to domestic sentiment alongside firm US yields and a resilient dollar. Asian Paints and Trent are scheduled to report earnings today and could influence stock-specific movements later in the session.",
  "summary": "Adani Ports led the Nifty 50 gainers, surging 5.26% to ₹1,854; Adani Enterprises followed with a gain of 4.61%",
  "key_points": [
    "Nifty climbs past 22,800 resistance level at 22,838.35",
    "Adani Ports surges 5.26% to ₹1,854",
    "Trent slips 2.4% to ₹1,039.60"
  ],
  "editors_take": "Breaking through key resistance levels through broad-based sector buying signals a concentrated recovery in large-cap stocks despite lingering uncertainty surrounding the Federal Reserve's future interest rate decisions.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}