HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Key gauges add gains in morning deals
Oct-29-2026

Indian equity benchmarks added gains in morning deals, driven by buying in Utilities, FMCG and Consumer Durables stocks and foreign fund inflows. According to the exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 871.83 crore on Wednesday. Traders took support as the Union Cabinet approved the Container Manufacturing Promotion Scheme (CMPS) with budgetary outlay of Rs 10,000 crore upto FY 2039-40 envisages to establish a globally competitive container manufacturing ecosystem in India, reduce import dependence and strengthen supply-chain resilience. 

On the sectoral front, textiles stocks remained in watch as the government said the Textiles Ministry is set to reopen the application portal for the Production Linked Incentive (PLI) Scheme for textiles to accept new applications under Round 4 from 1 November to December 31. 

On the global front, Asian markets are trading mostly in red as reports of the possibility of U.S. attacks on Iran by next week are fueling crude oil supply disruption concerns for an indefinite period.

The BSE Sensex is currently trading at 73772.62, up by 526.59 points or 0.72% after trading in a range of 73181.90 and 73782.37. There were 17 stocks advancing against 13 stocks declining on the index.

The top gaining sectoral indices on the BSE were Utilities up by 1.90%, FMCG up by 1.30%, Consumer Durables up by 0.94%, Power up by 0.93% and Energy up by 0.78%, while Auto down by 0.35%, Capital Goods down by 0.27%, Industrials down by 0.11% and Consumer Discretionary down by 0.10% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports &SEZ up by 2.52%, Power Grid up by 1.67%, Kotak Mahindra Bank up by 1.55%, Reliance Industries up by 1.42% and Titan Company up by 1.39%. On the flip side, Trent down by 1.99%, Maruti Suzuki India down by 0.95%, Asian Paints down by 0.88%, Larsen & Toubro down by 0.74% and HDFC Bank down by 0.53% were the top losers.

Meanwhile, with an aim to boost domestic container manufacturing, curb import dependence and enhance supply-chain resilience, the Union Cabinet has approved the Container Manufacturing Promotion Scheme (CMPS) with budgetary outlay of Rs 10,000 crore upto FY 2039-40. The scheme is intended to support new manufacturing facilities as well as expansion of existing container manufacturing units. The Scheme for Container Manufacturing was announced in the Union Budget for 2026-27. 

The scheme comprises three major components. The Interest Subvention Assistance (ISA), with a financial outlay of Rs 859 crore to provide Interest subvention of 3% per annum on eligible term loans (capital loans) availed by container manufacturers for setting up of greenfield container manufacturing facilities and Brownfield expansion of existing container manufacturing capacities. 

The Operational Expenditure Assistance (OEA), with a financial outlay of Rs 8,891 crore to provide financial assistance for all containers manufactured as per global shipping standards and sold by eligible container manufacturers. This would help bridge the cost gap and improve the competitiveness of domestically manufactured containers. Testing and certification assistance with a financial outlay of Rs 150 crore to support setting up of common facilities such as Dynamic longitudinal impact testing etc.

The CNX Nifty is currently trading at 22849.55, up by 150.70 points or 0.66% after trading in a range of 22656.75 and 22852.60. There were 34 stocks advancing against 16 stocks declining on the index.

The top gainers on Nifty were Adani Ports &SEZ up by 3.19%, Power Grid up by 3.10%, Adani Enterprises up by 2.81%, Kotak Mahindra Bank up by 2.39% and Hindustan Unilever up by 1.77%. On the flip side, Trent down by 2.08%, Maruti Suzuki India down by 0.92%, Bajaj Auto down by 0.92%, Hindalco Industries down by 0.87% and Tata Steel down by 0.53% were the top losers.

Asian markets are trading mostly in red; Taiwan Weighted lost 801.24 points or 1.7% to 46,234.34, Jakarta Composite plunged 141.75 points or 2.68% to 5,140.56, Shanghai Composite weakened 15.69 points or 0.43% to 3,665.78, KOSPI dropped 79.65 points or 1.32% to 5,932.79 and Hang Seng declined 3.83 points or 0.02% to 23,091.00.

On the flip side, Straits Times rose 13.03 points or 0.24% to 5,410.94 and Nikkei 225 surged 583.81 points or 0.91% to 64,538.00. 
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.