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Indices maintain gains in late morning deals
Oct-29-2026

Domestic equity indices maintained their gains in late morning deals as market participants continued to increase their positions. Some support came in as crude oil prices fell after a private report said that US Vice President JD Vance sought to revive peace negotiations by sending a letter to Iranian Security Council chief Mohsen Rezaei. Besides, markets also drew support from foreign institutional investors (FIIs), who purchased equities worth Rs 871 crore on October 28, 2028.

The Sensex surged 0.74%, while the Nifty gained 0.61%, driven by buying in shares of Reliance Industries, Kotak Mahindra Bank, Bharti Airtel, and Hindustan Unilever. On the global front, Asian markets were trading mostly in red despite the positive cues from Wall Street overnight. Meanwhile, the Federal Reserve announced its widely expected decision to leave interest rates unchanged. The Fed said it decided to maintain the target range for the federal funds rate at 3.75 to 4.0 percent in support of its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run.

The BSE Sensex is currently trading at 73784.77, up by 538.74 points or 0.74% after trading in a range of 73181.90 and 73862.17. There were 23 stocks advancing against 7 stocks declining on the index.

The top gaining sectoral indices on the BSE were Utilities up by 2.24%, FMCG up by 1.46%, Power up by 1.17%, IT up by 0.92% and TECK up by 0.88%, while Auto down by 0.51%, Capital Goods down by 0.28% and Consumer Disc down by 0.05% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports up by 3.73%, Power Grid up by 3.46%, Kotak Mahindra Bank up by 2.67%, Hindustan Unilever up by 2.55% and NTPC up by 2.07%. On the flip side, Trent down by 1.89%, Tata Steel down by 0.50%, Maruti Suzuki India down by 0.50%, Bajaj Finserv down by 0.42% and Asian Paints down by 0.19% were the top losers.

Meanwhile, Commerce and Industry Minister Piyush Goyal has interacted with representatives of Export Promotion Councils (EPCs) in New Delhi to review the prevailing export scenario, discuss emerging opportunities and challenges in international trade, and deliberate on measures to further strengthen India’s export competitiveness. During the interaction, he highlighted the evolving global trade environment, characterised by geopolitical uncertainties, changes in tariff structures, supply chain realignments and emerging regulatory requirements in major international markets. He noted that while these developments pose challenges for exporters, they also present opportunities for India to strengthen its position as a reliable and competitive global trading partner.

The minister emphasised the need for Indian industry to remain agile and responsive to the changing international business environment. He encouraged exporters to focus on improving product quality, innovation, cost competitiveness, reliability of supply and compliance with international standards to enhance India’s participation in global value chains. Referring to his recent international engagements, including his visits to Germany and the Netherlands, he highlighted the growing interest in India as a manufacturing, sourcing and investment destination. He stressed the importance of translating these engagements into tangible business outcomes through sustained interaction between Indian industry and overseas businesses. He encouraged EPCs to engage proactively with their international counterparts, identify potential buyers and facilitate business partnerships in established and emerging markets. 

The minister also highlighted the importance of effectively leveraging the opportunities arising from India's expanding network of Free trade agreements and economic partnerships. He emphasised that preferential market access under Free Trade Agreements (FTAs) must translate into increased exports, greater market penetration and wider participation of Indian enterprises in international trade. EPCs were encouraged to undertake sector-specific assessments of export opportunities in partner countries and strengthen awareness among exporters regarding applicable trade preferences, standards and market requirements. He also emphasised the need for a focused approach towards product and market diversification in response to changing global demand and emerging supply chain opportunities. He encouraged EPCs to identify products with untapped export potential, explore new destinations and develop market-specific strategies. He highlighted the importance of consolidating India’s competitive advantages in established sectors while building capabilities in emerging areas.

Reiterating the government’s commitment to facilitating exports, he highlighted ongoing efforts to improve ease of doing business, strengthen trade infrastructure and address challenges faced by exporting enterprises. He referred to the Export Promotion Mission as an important initiative for addressing constraints related to export finance, market access and international competitiveness, particularly for Micro, Small and Medium Enterprises (MSMEs). Highlighting the contribution of MSMEs to India’s export ecosystem, he called upon EPCs to expand their outreach to smaller enterprises, startups, new exporters and businesses in emerging export clusters and districts. He stressed the need for practical handholding support, improved access to market intelligence and greater integration of these enterprises into global markets.

The CNX Nifty is currently trading at 22838.00, up by 139.15 points or 0.61% after trading in a range of 22656.75 and 22874.15. There were 36 stocks advancing against 14 stocks declining on the index.

The top gainers on Nifty were Adani Ports up by 3.90%, Power Grid up by 3.82%, Adani Enterprises up by 3.01%, Kotak Mahindra Bank up by 2.97% and ITC up by 2.37%. On the flip side, Trent down by 2.09%, Bajaj Auto down by 1.01%, Eicher Motors down by 0.82%, Maruti Suzuki India down by 0.62% and Hindalco Industries down by 0.60% were the top losers.

Asian markets were trading mostly in red; Taiwan Weighted lost 725.65 points or 1.57% to 46,309.93, Jakarta Composite plunged 139.49 points or 2.71% to 5,142.82, Shanghai Composite weakened 18.61 points or 0.51% to 3,662.86, KOSPI dropped 39.03 points or 0.65% to 5,973.41 and Hang Seng declined 58.83 points or 0.25% to 23,036.00. However, Nikkei 225 surged 670.81 points or 1.05% to 64,625.00 and Straits Times rose 15.29 points or 0.28% to 5,413.20.
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