Indian equity benchmarks snapped a two-day losing streak on Thursday, October 29, with the BSE Sensex jumping 905.01 points, or 1.24 per cent, to close at 74,151.04 and the NSE Nifty 50 advancing 237.90 points, or 1.05 per cent, to settle at 22,936.75, PTI reported. The close followed this morning's higher open, which Awaaz Punjab reported earlier in the day.

Source: PTI via Dailyworld

Buying was broad-based. The Sensex rose as much as 920 points intraday and the Nifty touched a high of 22,962, powered by heavyweights including Kotak Mahindra Bank, State Bank of India, ICICI Bank, Eternal, Bharti Airtel, Infosys, Adani Ports and Reliance Industries, Upstox reported.

Source: Upstox

Analysts cited a drop in crude prices, a US Federal Reserve rate pause and renewed foreign buying as triggers for the turnaround on the monthly Sensex futures and options expiry day. Brent crude futures dropped about 1 per cent to $114 per barrel, Upstox reported, while ScanX put the Nifty Realty index among the top sector gainers, up about 1.94 to 2.75 per cent.

Source: ScanX

Broader markets also rose, with the Nifty Midcap 100 advancing 1 per cent and the Smallcap 100 gaining 0.95 per cent, and market breadth stayed positive on the NSE, Upstox reported. In the October series, the Sensex advanced 0.78 per cent.