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Bourses remain in green in early afternoon session
Oct-29-2025

Indian markets continued to trade in green in early afternoon session amid interest rate cut expectations by the US Federal Reserve. Easing trade tensions between China and US helped markets to trade in green. Traders took note of report that 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). Sector wise, sugar stocks remained in limelight as Union Food Secretary Sanjeev Chopra has said that the government is considering to allow sugar exports in the 2025-26 marketing year, as surplus stocks accumulate due to lower-than-expected diversion of the sweetener for ethanol production. 

On the global front, Asian markets were trading mostly in green as Japan's consumer sentiment improved for the third straight month in October to the highest level in ten months. The seasonally adjusted consumer confidence index rose to 35.8 in October from 35.3 in September. The street had forecast the index to increase to 35.6.

The BSE Sensex is currently trading at 84933.62, up by 305.46 points or 0.36% after trading in a range of 84638.68 and 85002.00. There were 21 stocks advancing against 9 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 0.36%, while Small cap index was up by 0.31%.

The top gaining sectoral indices on the BSE were Utilities up by 2.62%, Power up by 2.51%, Oil & Gas up by 2.50%, Metal up by 1.91% and Energy was up by 1.91%, while Auto down by 0.26% was the only losing index on BSE.

The top gainers on the Sensex were NTPC up by 2.61%, Adani Ports up by 2.57%, Power Grid up by 2.17%, HCL Tech up by 2.11% and Tata Steel up by 2.03%. On the flip side, Bajaj Finance down by 1.19%, Bharat Electronics down by 1.16%, Eternal down by 1.09%, Mahindra & Mahindra down by 0.96% and Bajaj Finserv down by 0.69% were the top losers.

Meanwhile, 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 is currently trading at 26049.75, up by 113.55 points or 0.44% after trading in a range of 25960.30 and 26064.55. There were 38 stocks advancing against 12 stocks declining on the index.

The top gainers on Nifty were NTPC up by 2.64%, Adani Enterprises up by 2.63%, Adani Ports up by 2.50%, Power Grid up by 2.29% and Tata Steel up by 2.10%. On the flip side, Bharat Electronics down by 1.17%, Eternal down by 1.12%, Bajaj Finance down by 1.01%, Mahindra & Mahindra down by 1.00% and Bajaj Finserv down by 0.63% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 1110.82 points or 2.16% to 51,330.00, Taiwan Weighted added 345.63 points or 1.22% to 28,294.74, KOSPI increased 70.74 points or 1.73% to 4,081.15, Shanghai Composite strengthened 27.61 points or 0.69% to 4,015.83 and Jakarta Composite was up by 8.68 points or 0.11% to 8,101.31. On the flip side, Straits Times was down by 5.26 points or 0.12% to 4,445.10.
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