Benchmark equity indices erased previous session's losses to end higher on October 29, with Nifty closing above 26,050 on buying across sectors barring automobiles.

After a mildly higher opening, indices extended gains ahead of the US Federal Reserve's policy outcome later tonight, and hopes of potential trade deal between India and the USA.

At close, the Sensex was up 368.97 points or 0.44 percent at 84,997.13, and the Nifty was up 117.70 points or 0.45 percent at 26,053.90. Nifty Midcap Index touched a fresh 52-week high, crossing 60,000 for the first time since October 3, 2024, while Nifty Smallcap index rose 0.4 percent.

Adani Enterprises, Power Grid Corp, NTPC, Adani Ports, JSW Steel were among biggest gainers on the Nifty, while losers included Dr Reddy's Labs, Bharat Electronics, Eternal, M&M, Coal India.

Among sectors, autos ended down 0.7 percent, while others including metal, oil & gas were higher by up to 2 percent.

In stock-specific action, HDFC AMC, 360 One WAM, Motilal Oswal fell as much as 7 percent on proposed changes to MF fee structures by Sebi, MMFSL shares added 5 percent on profit growth, TVS Motor shares dropped on earnings, Novartis India shares rose a percent on higher Q2FY26 profit, Blue Dart Express shares surged 20 percent after Q2FY26 profit grew 29 percent, while Suzlon Energy shares added 3 percent on appointment of new CFO.

Adani Green Energy shares jumped 11 percent on Q2 earnings cheer, Varun Beverages share price rose 9 percent, InfoBeans Technologies shares surged 10 percent on promoter's plan to consider share sale, while Cohance Lifesciences share price slipped 8 percent on MD's exit.

More than 170 stocks touched their 52-week high on the BSE, including SAIL, Graphite India, IOC, M&M Financial, HPCL, JSW Steel, Tata Steel, SBI Life Insurance, Jindal Stainless, Grasim Industries, among others.