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Markets continue to trade higher in late afternoon session
Oct-29-2025

Indian equity markets continued to trade higher in late afternoon session. 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. Besides, fund inflows from Foreign Institutional Investors (FIIs) kept the trading sentiments upbeat. FIIs were the net buyers on Tuesday’s trade with net buying of equities worth Rs 10,339.80 crore. Further, continued optimism over a US-China trade deal ahead of US President Donald Trump's meeting with his Chinese counterpart Xi Jinping has supported the investors’ sentiments. 

On the global front, Asian equity markets were trading mostly in green ahead of a Federal Reserve interest-rate cut expected later in the day. European equity markets were trading mostly in red as investors digested a slew of earnings.

The BSE Sensex is currently trading at 85004.42, up by 376.26 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.

The broader indices were trading in green; the BSE Mid cap index gained 0.59%, while Small cap index was up by 0.60%.

The top gaining sectoral indices on the BSE were Utilities up by 2.91%, Power up by 2.71%, Oil & Gas up by 2.41%, Metal up by 1.94% and Energy up by 1.46%, while Auto down by 0.47% was the lone losing index on BSE.

The top gainers on the Sensex were Adani Ports & SEZ up by 3.19%, NTPC up by 2.98%, Power Grid Corporation up by 2.39%, Tata Steel up by 2.03% and HCL Technologies up by 2.02%. On the flip side, Larsen & Toubro down by 1.22%, Eternal down by 1.20%, Mahindra & Mahindra down by 1.09%, Bharat Electronics down by 0.98% and Bajaj Finance down by 0.80% were the top losers.

Meanwhile, Minister of Petroleum and Natural Gas, Hardeep Singh Puri has said that India’s petroleum and energy sector is undergoing a transformative expansion, poised to play a defining role in shaping the global energy future. He also said that India’s energy journey reflects remarkable progress driven by visionary policy frameworks, rapid innovation, and sustained investment across refining, biofuels, and green energy segments. The Minister further noted that while the global energy market is expected to grow at a slow pace - with several refineries worldwide facing closure - India stands out as a bright spot, projected to contribute nearly 30-33% of global energy demand growth in the coming decades. 

He pointed out that India’s refining capacity currently stands at about 258 million metric tonnes per annum (MMTPA) and is on track to reach around 310 MMTPA by 2030, with long-term plans to scale further to 400–450 MMTPA. He said this expansion will consolidate India’s position among the top three refining hubs globally as around 20% of existing global refining capacity - over 100 refineries - faces potential closure by 2035.

Highlighting India’s achievements in biofuel blending, Puri said that the country had advanced from a 5% target in 2006 to achieving 10% ethanol blending five months ahead of schedule in 2022. Building on this success, the Government preponed the target for 20% blending from 2030 to 2025-26. The Minister underlined that well-designed policies and robust support systems have enabled such accelerated achievements, demonstrating India’s capability to set and meet ambitious energy goals.

The Minister also underlined the importance of innovation and indigenization in the energy ecosystem. He said that India has achieved nearly 80% import substitution across the energy value chain. While acknowledging that certain critical components such as catalysts and specialized equipment continue to be imported, he emphasized the need for a balanced approach to Atmanirbharata, focusing on efficiency and global competitiveness rather than complete self-containment. He added that the government has initiated the Production Linked Incentive (PLI) scheme and established a National Centre for Catalyst Research to promote R&D and domestic manufacturing in key energy technologies.

The CNX Nifty is currently trading at 26055.50, up by 119.30 points or 0.46% after trading in a range of 25960.30 and 26097.85. There were 35 stocks advancing against 15 stocks declining on the index.

The top gainers on Nifty were Adani Ports & SEZ up by 3.14%, NTPC up by 3.07%, JSW Steel up by 2.56%, Power Grid Corporation up by 2.43% and Adani Enterprises up by 2.32%. On the flip side, Dr. Reddy's Laboratories down by 2.40%, Coal India down by 2.22%, Mahindra & Mahindra down by 1.24%, Larsen & Toubro down by 1.22% and Eternal down by 1.17% were the top losers. 

Asian equity 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, Shanghai Composite strengthened 28.11 points or 0.7% to 4,016.33, Jakarta Composite gained 61.87 points or 0.76% to 8,154.50 and KOSPI increased 70.74 points or 1.73% to 4,081.15, while Straits Times fell 10.21 points or 0.23% to 4,440.15 and Hang Seng remained closed of account of holiday.

European equity markets were trading mostly in red; UK’s FTSE 100 increased 31.11 points or 0.32% to 9,727.85, while France’s CAC fell 7.08 points or 0.09% to 8,209.50 and Germany’s DAX lost 29.83 points or 0.12% to 24,248.80.
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