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Markets likely to make cautious start amid mixed global cues
Oct-30-2025

Indian equity markets are likely to make a cautious start on Thursday amid mixed global cues. Traders are likely to remain cautious after the announcement of a 25 basis point rate cut by the US Federal Reserve, as well as Chairman Jerome Powell’s comments that dampened expectations of another rate cut this year. Additionally, some cautiousness may come from foreign institutional investors (FIIs), who were net sellers of shares worth Rs 2,540.16 crore.

Some of the key factors to be watched:

GDP growth near 7% in FY26: Chief Economic Advisor V Anantha Nageswaran has said that the Indian economy has responded quite satisfactorily to global headwinds, and exuded confidence that real GDP growth is likely to touch 7 per cent in FY26.

Early conclusion of India-EU FTA can make big difference: External Affairs Minister S Jaishankar has said that an early conclusion of the proposed free trade agreement between India and the European Union can make a big difference in terms of stabilising the global economy and strengthening democratic forces.

Goyal asks electronics companies to boost manufacturing, cut import dependence: Commerce and Industry Minister Piyush Goyal has called for scaling up domestic manufacturing across the electronics value chain to promote self-reliance and reduce import dependence.

Goyal to visit New Zealand next week for trade pact talks: Commerce and Industry Minister Piyush Goyal said he will visit New Zealand next week to hold discussions on the proposed free trade agreement between the two countries.

India power capacity exceeds 500 GW, renewables lead: The Union Ministry of Power has said that India's installed power generation capacity has surpassed 500 GW level with renewables having more than 50 per cent share.

On the global front: The US markets ended mostly in red on Wednesday after Powell's post-meeting remarks partly offset optimism about another rate cut in December. Asian markets are trading mostly in green on Thursday, as investors eagerly await the outcome of a highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping.

Back home, 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. 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. 

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. 

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