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EQUITY
Post Session: Quick Review
Oct-29-2025

Indian equity benchmarks ended in positive territory on Wednesday, with the Nifty closing above the 26,000 mark and the Sensex finishing around the 85,000 level, supported by broad-based buying across sectors and strong inflows from foreign investors. Markets made a positive start and remained higher throughout the session, as investors were optimistic over a trade deal between India and US after US President Donald Trump hinted that the US is doing a trade deal with India.

Some of the important factors in trade:

Foreign fund inflows: Sentiments remain upbeat as Foreign institutional investors (FIIs) were net buyers of shares worth Rs 10,339.80 crore on Tuesday. 

Industrial output growth remains steady at 4% in September: Some optimism came as India's industrial production growth remained steady at 4 per cent in September this year due to the good performance of the manufacturing sector buoyed by GST rationalisation and festive demand. 

India, EU making good progress on tariff issues: Traders took note of a report that the negotiating teams of India and the European Union 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).

Global front: European markets were trading mostly in red ahead of a Federal Reserve interest-rate cut expected later in the day.  Asian markets ended mostly in green as investors are also looking ahead to the meeting of U.S. President Donald Trump and Chinese President Xi Jinping.

The BSE Sensex ended at 84997.13, up by 368.97 points or 0.44% after trading in a range of 84638.68 and 85105.83. There were 21 stocks advancing against 9 stocks declining on the index. (Provisional)

The broader indices were trading in green; the BSE Mid cap index was up by 0.68%, while Small cap index up by 0.56%. (Provisional)

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 only losing index on BSE. (Provisional)

The top gainers on the Sensex were NTPC up by 3.05%, Power Grid Corp up by 2.81%, Adani Ports and Special Economic Zone up by 2.78%, HCL Technologies up by 2.38% 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%, Maruti Suzuki down by 0.98% and Bajaj Finance down by 0.93% were the top losers. (Provisional)

Meanwhile, the NITI Aayog in its report titled 'India's Services Sector: Insights from Employment Trends and State-Level Dynamics' has pointed slower structural transition of India's services sector as it employs nearly 30% of the country's workforce, which is lower than the global average of 50%. It noted that the sector has created 40 million jobs in last six year (from 2011-12 to 2023-24). It has emphasized that services remain the mainstay of India's employment growth and post-pandemic recovery, but challenges persist. It also noted that while services contribute over half of national output, they provide less than a third of jobs, most of which are informal and low-paying. This disconnect between growth and employment defines the central challenge for India's services-led development.

It highlighted that the country faces a growing mismatch as education levels are rising faster than the quality-of-service jobs, which underscores the urgency of aligning skilling with sector needs. It also pointed that the retail trade and transport dominate services jobs in large states, sustaining employment but at low productivity levels, while modern services (IT, finance, professional services) are booming in southern and western hubs, driving growth but absorbing fewer workers. It added that while states such as Maharashtra, Tamil Nadu, Karnataka, and Telangana have built vibrant service hubs with high productivity, Bihar, Madhya Pradesh, and others remain concentrated in low-value, traditional segments.

To bridge these gaps, the NITI Aayog has outlined a four-part policy roadmap focusing on formalisation and social protection for gig, self-employed, and MSME workers; targeted skilling and digital access to expand opportunities for women and rural youth; investment in emerging and green economy skills; and balanced regional development through service hubs in Tier-II and Tier-III cities. Moreover, in a separate report it has recommended prioritizing digital infrastructure, logistics, innovation, finance and skilling to accelerate diversification and competitiveness. At the state level, it has called for developing tailored service strategies based on local strengths, improving institutional capacity, integrating services with industrial ecosystems, and scaling up urban and regional service clusters.

The CNX Nifty ended at 26053.90, up by 117.70 points or 0.45% after trading in a range of 25960.30 and 26097.85. There were 33 stocks advancing against 17 stocks declining on the index. (Provisional)

The top gainers on Nifty were Adani Ports and Special Economic Zone up by 2.60%, NTPC up by 2.46%, Power Grid Corp 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. (Provisional)

European markets were trading mostly in red; France’s CAC fell 3.58 points or 0.04% to 8,213.00 and Germany’s DAX lost 4.93 points or 0.02% to 24,273.70, while UK’s FTSE 100 increased 45.56 points or 0.47% to 9,742.30.

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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