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Markets end higher ahead of Fed outcome, foreign fund inflows
Oct-29-2025

Indian equity benchmarks ended higher on Wednesday with Nifty surpassing 26,050 mark and Sensex garnering over 350 points as investors positioned for an expected U.S. Federal Reserve rate cut. Fresh foreign fund inflows also aided domestic sentiments. FIIs were the net buyers on Tuesday’s trade with net buying of equities worth Rs 10,339.80 crore. Markets made a positive start following the broadly positive cues from Wall Street overnight. Benchmarks added some gains in late afternoon deals and maintained it till end of the session. 

Some of the important factors in trade:

IIP grows 4% in September: Some support came as India’s industrial output growth, measured in terms of the Index of Industrial Production (IIP), grew 4 per cent (Year-on-Year) in September 2025 due to the good performance of the manufacturing sector.

India, EU making good progress on tariff-related issues: Traders took note of a report that the negotiating teams of India and the European Union (EU) are making good progress on tariff-related issues and an EU delegation will visit India next week to further iron out differences for an early conclusion of the proposed free trade agreement (FTA).

Trump says trade deal with India soon: Some support came after US President Donald Trump said he will have a trade deal with India soon. Trump added he has great respect for Prime Minister Modi, as both nations move closer to sealing the framework for a new trade agreement. 

Sugar stocks in limelight: Union Food Secretary Sanjeev Chopra has said that the government is considering to allow sugar exports in the 2025-26 marketing year, as surplus stocks accumulate due to lower-than-expected diversion of the sweetener for ethanol production.

On global front: European markets were trading mostly in green with investors awaiting the Federal Reserve's interest rate decision due later in the day. Asian markets ended mostly higher ahead of Thursday's Trump-Xi meeting. Sentiment was also underpinned after a new U.S.-Japan rare earths agreement was signed during Trump's visit to Tokyo.

Finally, the BSE Sensex rose 368.97 points or 0.44% to 84,997.13 and the CNX Nifty was up by 117.70 points or 0.45% to 26,053.90. 

The BSE Sensex touched high and low of 85,105.83 and 84,638.68 respectively. There were 20 stocks advancing against 9 stocks declining, while 1 stock remained unchanged on the index.   

The broader indices ended in green; the BSE Mid cap index rose 0.68%, while Small cap index was up by 0.56%.

The top gaining sectoral indices on the BSE were Power up by 2.72%, Utilities up by 2.61%, Oil & Gas up by 2.55%, Metal up by 1.68% and Energy up by 1.51%, while Auto down by 0.53% was the sole losing index on BSE.

The top gainers on the Sensex were Adani Ports & SEZ up by 2.78%, NTPC up by 2.61%, Power Grid up by 2.58%, HCL Technologies up by 2.35% and Tata Steel up by 1.81%. On the flip side, Bharat Electronics down by 1.54%, Eternal down by 1.24%, Mahindra & Mahindra down by 1.15%, Bajaj Finance down by 1.10% and Maruti Suzuki down by 1.04% were the top losers.

Meanwhile, the commerce ministry's arm Directorate General of Foreign Trade (DGFT) has said that it has amended a provision to facilitate domestic exporters to obtain the Certificate of Origin (CoO) under the India-EFTA free trade agreement, through self-declaration. The FTA between India and the four-nation European Free Trade Association (EFTA) came into effect October 1. Iceland, Liechtenstein, Norway, and Switzerland are the EFTA members.

A certificate of origin is a key document required for exports to those countries with which India has trade agreements. An exporter has to submit the certificate at the landing port of the importing country. The document is important to claim duty concessions under free trade agreements. This certificate is essential to prove where the goods come from.

DGFT said ‘A paragraph of the Handbook of Procedures 2023 has been amended to facilitate exporters to obtain the CoO under the India-EFTA Trade and Economic Partnership Agreement (TEPA) through self-declaration, in addition to the existing system of issuance of CoO by the authorised agencies.’

CNX Nifty touched high and low of 26,097.85 and 25,960.30 respectively. There were 33 stocks advancing against 17 stocks declining on the index.    

The top gainers on Nifty were Adani Ports & SEZ up by 2.60%, NTPC up by 2.46%, Power Grid up by 2.46%, HCL Technologies up by 2.31% and ONGC up by 2.04%. On the flip side, Dr. Reddy's Lab down by 2.99%, Coal India down by 2.40%, Bharat Electronics down by 1.54%, Mahindra & Mahindra down by 1.24% and Eternal down by 1.24% were the top losers.

European markets were trading mostly in green; UK’s FTSE 100 increased 57.96 points or 0.60% to 9,754.70 and France’s CAC added 1.42 points or 0.02% to 8,218.00, while Germany’s DAX was down by 6.93 points or 0.03% to 24,271.70.

Asian markets settled mostly higher on Wednesday, tracking Wall Street’s gains overnight. Market sentiments gained further by a surge in technology shares, signs of easing US-China trade tensions, and ahead of a Federal Reserve interest-rate cut expected later in the day. Investors were now focusing on upcoming earnings from US mega tech companies and Thursday's Trump-Xi meeting. Japan’s Nikkei surged past the key 51,000 level for the first time on optimism over the artificial intelligence boom at home and abroad. The US Treasury Secretary Scott Bessent urged Takaichi's government to give the BoJ room to raise interest rates in order to anchor inflation expectations and avoid excess exchange rate volatility. Chinese shares gained led by gains in energy and non-ferrous metal shares, while Hong Kong market was closed for a public holiday.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,016.33

28.11

0.70

Hang Seng

--

--

--

Jakarta Composite

8,166.22

73.59

0.90

KLSE Composite

1,611.54

-2.02

-0.13

Nikkei 225

51,307.65

1,088.47

2.17

Straits Times

4,440.21

-10.15

-0.23

KOSPI Composite

4,081.15

70.74

1.76

Taiwan Weighted

28,294.74

345.63

1.24
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