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Markets continue to witness gains as Trump hints at US-India trade deal
Oct-29-2025

Indian equity markets continued to witness gains and were trading higher by over quarter percent in late morning deals owing to buying by funds and retail investors. Meanwhile, broader indices were also trading in green with BSE Small cap index and Mid cap index gaining in the range of 0.15-0.25%. Sentiments got boost after US President Donald Trump said he will have a trade deal with India soon and that he has great respect for Prime Minister Modi, as both nations move closer to sealing the framework for a new trade agreement. Further, support also came in 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.

On the global front, Asian markets were trading mostly in green following the broadly positive cues from US markets overnight. Back home, most of sectoral indices on the BSE were trading in green led by Utilities, Power, Oil & Gas, Metal and Energy.

The BSE Sensex is currently trading at 84890.88, up by 262.72 points or 0.31% after trading in a range of 84638.68 and 85002.00. There were 20 stocks advancing against 10 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.22%, while Small cap index up by 0.18%.

The top gaining sectoral indices on the BSE were Utilities up by 2.84%, Power up by 2.54%, Oil & Gas up by 1.88%, Metal up by 1.85% and Energy up by 1.51%, while Auto down by 0.12% was the only losing index on BSE.

The top gainers on the Sensex were Adani Ports up by 3.06%, NTPC up by 2.32%, Power Grid up by 1.92%, HCL Technologies up by 1.83% and Tata Steel up by 1.73%. On the flip side, Eternal down by 1.57%, Mahindra & Mahindra down by 1.01%, Bajaj Finance down by 0.98%, Bharat Electronics down by 0.94% and Bajaj Finserv down by 0.57% 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.’

The CNX Nifty is currently trading at 26035.55, up by 99.35 points or 0.38% after trading in a range of 25960.30 and 26064.55. There were 35 stocks advancing against 15 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 3.97%, Adani Ports up by 2.83%, NTPC up by 2.34%, JSW Steel up by 2.14% and Power Grid up by 2.01%. On the flip side, Eternal down by 1.48%, Mahindra & Mahindra down by 1.01%, Bharat Electronics down by 0.92%, Bajaj Finance down by 0.70% and Larsen & Toubro down by 0.51% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 1131.82 points or 2.25% to 51,351.00, Taiwan Weighted added 359.41 points or 1.29% to 28,308.52, Shanghai Composite strengthened 19.43 points or 0.49% to 4,007.65, KOSPI increased 52.69 points or 1.31% to 4,063.10. However, Jakarta Composite plunged 6.05 points or 0.07% to 8,086.58 and Straits Times fell 11.13 points or 0.25% to 4,439.23.
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