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Firm trade persists over Dalal Street ahead of Diwali
Oct-17-2025

Extending their winning run to the third consecutive day, Indian equity benchmarks ended higher on Friday on buying in blue-chip Consumer Durables and FMCG shares and foreign fund inflows. Foreign Institutional Investors (FIIs) bought equities worth Rs 997.29 crore on Thursday, according to exchange data. 

Some of the important factors in trade:

India, Australia discuss ways to enhance cooperation in field of energy efficiency: India and Australia have discussed ways to enhance cooperation and promote dialogue in the field of energy efficiency and enabling technologies. India and Australia held the 5th Meeting of the India-Australia Energy Dialogue in New Delhi.

India in active dialogue for FTAs with nations including US, Oman, EU: Commerce and Industry Minister Piyush Goyal said that India has implemented a number of free trade agreements (FTAs) with developed nations and is in active dialogue for such pacts with nations including the US, Oman, and the EU. 

Rupee falls against US Dollar: Indian rupee pared initial gains and settled for the day lower against the US dollar, weighed down by trade tensions and global uncertainties. However, renewed foreign fund inflows and lower crude oil prices restricted the downfall. 

India logistics cost to reduce: Union Minister Nitin Gadkari said logistics cost in India will come down to single digit by December this year, helped by rapid expansion of expressways and economic corridors. 

Global front: European markets were trading lower amid renewed concerns about the health of the U.S. banking sector. Asian markets ended down as heightened concerns over U.S. banks' loan portfolios added to worries about the ongoing U.S. government shutdown and escalating Sino-U.S. trade tensions.

Finally, the BSE Sensex rose 484.53 points or 0.58% to 83,952.19 and the CNX Nifty was up by 124.55 points or 0.49% to 25,709.85.       

The BSE Sensex touched high and low of 84,172.24 and 83,206.08 respectively. There were 16 stocks advancing against 14 stocks declining on the index.   

The broader indices ended in red; the BSE Mid cap index fell 0.43%, while Small cap index was down by 0.49%.

The top gaining sectoral indices on the BSE were Consumer Durables up by 1.48%, FMCG up by 1.19%, Auto up by 0.59%, Healthcare up by 0.50% and Bankex up by 0.48%, while IT down by 1.59%, Metal down by 0.87%, Basic Materials down by 0.72%, TECK down by 0.57% and Industrials down by 0.44% were the top losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 4.18%, Mahindra & Mahindra up by 2.45%, Bharti Airtel up by 2.37%, ITC up by 1.74% and Hindustan Unilever up by 1.70%. On the flip side, Infosys down by 2.14%, HCL Technologies down by 1.84%, Eternal down by 1.64%, Tech Mahindra down by 1.12% and Tata Steel down by 1.03% were the top losers.

Meanwhile, rating agency ICRA in its latest report has said that global capability centres (GCCs) are likely to incrementally lease 50-55 million square feet (msf) of Grade A office space during FY2026-FY2027, potentially contributing 38-40% to the top six markets’ (Bengaluru, Chennai, Delhi National Capital Region (NCR), Hyderabad, Mumbai Metropolitan Region (MMR), and Pune) overall office demand. 

According to the report, the number of GCCs is expected to rise from ar1,700 at present to more than 2,500 by 2030, generating over $100 billion in revenue and scaling workforce capacity by 1.5-2.0 times. The rating agency noted that the rapid expansion of GCCs has emerged as one of the key growth drivers for India’s commercial office real estate sector in recent years. Their incremental demand for leased space signals a strong long-term commitment and strategic growth by global enterprises in India. Several states are also introducing targeted subsidies, training incentives and infrastructure support to further accelerate GCC investments.

The report also highlighted that the US-based GCCs have led Grade A office space demand in India, accounting for 70% of total GCC absorption since 2021. While the US market remains dominant, players from the UK, Germany, France, Japan, Australia, and Singapore are steadily increasing their presence. Global firms prefer cities with strong talent pool and established ecosystems, with 65% of new leasing taking place in green-certified integrated tech parks. It said despite global headwinds stemming from policy tightening (trade restrictions) in the US, office leasing activities by GCCs in India remained buoyant in H1 FY2026.

CNX Nifty touched high and low of 25,781.50 and 25,508.60 respectively. There were 27 stocks advancing against 23 stocks declining on the index.    

The top gainers on Nifty were Asian Paints up by 4.07%, Mahindra & Mahindra up by 2.67%, Bharti Airtel up by 2.31%, Max Healthcare up by 2.19%, and Hindustan Unilever up by 1.64%. On the flip side, Wipro down by 5.17%, Infosys down by 2.08%, Eternal down by 1.47%, Tata Steel down by 1.44% and HCL Technologies down by 1.20% were the top losers. 

European markets were trading lower; UK’s FTSE 100 decreased 128.59 points or 1.36% to 9,307.50, France’s CAC fell 38.59 points or 0.47% to 8,150.00 and Germany’s DAX lost 483.59 points or 1.99% to 23,788.60. 

Asian markets ended down on Friday tracking Wall Street’s overnight fall as bad loans at two US regional banks Zions Bancorporation and Western Alliance heightened concerns about the credit market. Market sentiments were also dented by heightened US-China trade frictions and reports that the US may impose up to 500% tariffs on China over rare earth limits and Russian oil. Japanese shares fell, while the yen extended its gains after Bank of Japan Governor Kazuo hinted at a possible October rate hike. Meanwhile, Seoul shares ended flat as negotiations between South Korea and the United States over a $350 billion investment fund entered a decisive phase.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,839.76

-76.47

-1.99

Hang Seng

25,232.00

-656.51

-2.60

Jakarta Composite

7,915.66

-209.10

-2.64

KLSE Composite

1,607.18

-5.11

-0.32

Nikkei 225

47,555.00

-722.74

-1.52

Straits Times

4,328.93

-27.27

-0.63

KOSPI Composite

3,748.89

0.52

0.01

Taiwan Weighted

27,302.37

-345.50

-1.27
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