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Sensex, Nifty trade higher with modest gains in early deals
Oct-29-2025

Indian equity benchmarks made a positive start on Wednesday following the broadly positive cues from Wall Street overnight. Sensex and Nifty were trading higher with modest gains in early deals amid foreign fund inflows. Foreign institutional investors (FIIs) were net buyers of shares worth Rs 10,339.80 crore on Tuesday. Some optimism came as India’s industrial production growth remained steady at 4 per cent in September. 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).

On the global front, Asian markets were trading mostly in green ahead of the U.S. Fed's interest rate decision later in the day and are optimistic about a potential trade deal between the U.S. and China. Meanwhile, Hong Kong is closed for Chung Yeung Day.

The BSE Sensex is currently trading at 84775.94, up by 147.78 points or 0.17% after trading in a range of 84638.68 and 84916.10. There were 19 stocks advancing against 11 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index rose 0.10%, while Small cap index was down by 0.02%.

The top gaining sectoral indices on the BSE were Metal up by 1.77%, Oil & Gas up by 1.30%, Power up by 1.27%, Utilities up by 1.17% and Energy up by 1.05%, while Auto down by 0.39%, Telecom down by 0.24%, Consumer Discretionary down by 0.15% and IT down by 0.09% were the few losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 2.23%, NTPC up by 1.31%, Adani Ports & SEZ up by 1.13%, Power Grid up by 0.88% and Reliance Industries up by 0.79%. On the flip side, Mahindra & Mahindra down by 1.11%, Eternal down by 0.75%, Bharat Electronics down by 0.58%, Bajaj Finance down by 0.49% and Bajaj Finserv down by 0.26% were the top losers.

Meanwhile, 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). Commerce and Industry Minister Piyush Goyal hold discussions with EU Commissioner for Trade and Economic Security Maros Sefcovic and give an impetus to the negotiations. Sefcovic said that European Commission Director General for Trade Sabine Weyand will visit New Delhi next week with a view to concluding the technical tariff negotiations. Sefcovic added that beyond the area of tariffs, both sides have made good progress on measures that will further facilitate bilateral trade and investment between India and the European Union.

Goyal said that the three-day talks have significantly reduced the outstanding issues. In a free trade agreement, two countries or regions either significantly reduce or eliminate tariffs on the maximum number of goods traded between them. They also ease norms to promote trade in services and attract investments. He added that a robust and balanced agreement will support businesses in Europe and in India. Engagements between the two sides have increased as they have decided to conclude negotiations by December. Goyal’s visit follows the conclusion of the 14th round of talks between the two sides from October 6-10.

In June 2022, India and the EU bloc resumed negotiations for a comprehensive FTA, an investment protection agreement and a pact on geographical indications after a gap of over eight years. It was stalled in 2013 due to differences on the level of opening up markets. India’s bilateral trade in goods with the EU was $136.53 billion in 2024-25 (exports worth $75.85 billion and imports worth $60.68 billion), making it the largest trading partner for goods. The EU market accounts for about 17 per cent of India’s total exports, and the bloc’s exports to India constitute 9 per cent of its total overseas shipments.

Besides, demanding significant duty cuts in automobiles and medical devices, the EU wants tax reduction in other products like wine, spirits, meat, poultry, and a strong intellectual property regime. Indian goods’ exports to the EU, such as readymade garments, pharmaceuticals, steel, petroleum products, and electrical machinery, can become more competitive if the pact sails through. The India-EU trade pact negotiations cover 23 policy areas or chapters, including trade in goods, services, investment, trade remedies, rules of origin, customs and trade facilitation, competition, government procurement, dispute settlement, intellectual property rights, geographical indications, and sustainable development.

The CNX Nifty is currently trading at 25983.70, up by 47.50 points or 0.18% after trading in a range of 25960.30 and 26025.05. There were 30 stocks advancing against 18 stocks declining, while 2 stocks remain unchanged on the index.

The top gainers on Nifty were JSW Steel up by 2.90%, Tata Steel up by 2.11%, SBI Life Insurance up by 1.44%, Tata Consumer Products up by 1.37% and HDFC Life Insurance up by 1.24%. On the flip side, Mahindra & Mahindra down by 1.19%, Shriram Finance down by 0.74%, Bharat Electronics down by 0.66%, Eternal down by 0.60% and Eicher Motors down by 0.52% were the top losers.

Asian markets are trading mostly higher; Nikkei 225 surged 973.82 points or 1.94% to 51,193.00, Taiwan Weighted added 393.37 points or 1.41% to 28,342.48, KOSPI increased 53.14 points or 1.33% to 4,063.55, Shanghai Composite strengthened 14.61 points or 0.37% to 4,002.83. On the other hand, Jakarta Composite fell 20.77 points or 0.26% to 8,071.86 and Straits Times was down by 15.13 points or 0.34% to 4,435.23.
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