Market News Digest — 29th Oct 2026: Retail momentum builds; defence sector surges

Market Pulse 📈: Retail Strength & Defence Rally Dominate

Indian equities reflect mixed momentum across sectors as earnings season progresses. Retail and defence play starring roles, while currency markets show constructive movement.

• 🛍️ Retail: Trent posts strong profit and revenue expansion, signalling robust consumption demand in the discretionary space.
• 🛡️ Defence: Sector continues its exceptional run with multiple stocks delivering multibagger returns so far this fiscal year, reflecting sustained investor appetite for the theme.
• 💱 Currency: Rupee gains ground against the US dollar, closing firmer after recent weakness.
• Airlines: IndiGo narrows losses despite margin pressures, with revenue growth remaining healthy amid recovery in travel demand.
• ⚡ Power: Energy stocks attract analyst attention following recent valuation reset, with names like Tata Power, JSW Energy, and Torrent Power flagged as potential interest areas on fundamental grounds.
• Corporate Moves: Bajaj Electricals sees leadership transition as executive chairman steps into non-executive role from January.
• Global Backdrop: European equities edge higher ahead of ECB policy decision, while US tech heavyweights Microsoft and Oracle outperform Alphabet, reflecting ongoing investor focus on AI-related returns and execution.

Investors monitoring MomentumIQ.in continue tracking sector rotation and earnings quality as macro headwinds and policy decisions shape near-term direction.