HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Firm trade persists over Dalal Street in early noon deals
Oct-30-2026

A firm trade persisted over the Dalal Street in early afternoon session, with both the Sensex and Nifty extending their gains amid buying interest in information technology and healthcare stocks. Gains in select heavyweight stocks and optimism surrounding corporate earnings also supported the benchmarks. The street took a note of Chief Economic Advisor V Anantha Nageswaran’s statement that the year 2026 resembles 1991 and it could be deemed as an inflection point for the economy.

On the global front, Asian markets were trading mostly in red, after the Bank of Japan left its key interest rate unchanged on Friday after a hike last month as underlying inflation is assessed to be consistent with the 2 percent inflation target. The policy board, governed by Ueda Kazu, voted 8-1 in favor of holding the interest rate at 1.25 percent, the highest since 1995.

The BSE Sensex is currently trading at 74607.99, up by 456.95 points or 0.62% after trading in a range of 74082.03 and 74731.42. There were 20 stocks advancing against 10 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 1.61%, Healthcare up by 1.34%, TECK up by 1.24% and Utilities up by 0.60%, while Capital Goods down by 1.78%, Telecom down by 1.44%, Industrials down by 1.43%, Basic Materials down by 0.73% and Energy down by 0.66% were the top losing indices on BSE.

The top gainers on the Sensex were Trent up by 5.87%, Interglobe Aviation up by 3.16%, Infosys up by 2.70%, NTPC up by 2.54% and HCL Technologies up by 2.44%. On the flip side, State Bank of India down by 1.32%, Ultratech Cement down by 1.11%, Tata Steel down by 0.80%, Reliance Industries down by 0.75% and Bharat Electronics down by 0.69% were the top losers.

Meanwhile, at a time when India is facing global shocks and supply-side disruptions, Chief Economic Advisor V Anantha Nageswaran has said that the year 2026 resembles 1991 and it could be deemed as an inflection point for the economy. He added that while the 1991 balance of crisis brought four decades of accumulated constraints to a head- a moment of reckoning more than a passing shock- the external stress of 2026 has brought India to a fork in its growth journey and invites a fundamental re-examination of strategy. He flagged that the economy is facing both external challenges and structural constraints in manufacturing, energy, agriculture and technology. To address these challenges, he suggested that governments and industries must focus on building domestic capabilities and reducing dependence on supplies that could be restricted during geopolitical tensions.

Emphasizing the significance of monetary policy in coming period, Nageswaran said that the next 20 to 30 years will be different from the 40 years pre-pandemic as most of the shocks before the pandemic were largely demand deficiency shocks. He added that every single crisis was met with a standard playbook of low interest rates, together with or without quantitative easing, and some fiscal stimulus as well, and it is easy to stimulate when the problems as only a matter of demand deficiency. However, in the next 30 years, monetary policy will be much more difficult to execute in a world of supply shortages causing real economic disruptions, both to output and to inflation.

On war in Middle East, he said that the conflict has underscored India's vulnerability, not just with respect to crude oil, but also with respect to several other commodities, natural gas, fertilizer, and cooking gas. Unlike the import-substitution policies followed in the decades after Independence, he suggested that the current approach must require industries to demonstrate export competitiveness or the ability to compete with imports at comparable prices.

The CNX Nifty is currently trading at 23093.70, up by 156.95 points or 0.68% after trading in a range of 22905.10 and 23110.50. There were 33 stocks advancing against 17 stocks declining on the index.

The top gainers on Nifty were Trent up by 6.14%, Interglobe Aviation up by 3.25%, HCL Technologies up by 2.96%, Sun Pharma up by 2.83% and Power Grid up by 2.48%. On the flip side, Coal India down by 1.45%, Adani Enterprises down by 1.17%, Shriram Finance down by 1.14%, Adani Ports & SEZ down by 1.12% and Nestle India down by 1.10% were the top losers.

Asian markets were trading mostly in red; Jakarta Composite plunged 65.62 points or 1.3% to 5,032.44, KOSPI dropped 206.92 points or 3.61% to 5,730.74, Taiwan Weighted lost 1156.5 points or 2.56% to 45,211.83, Nikkei 225 slipped 1589.47 points or 2.52% to 63,070.00, Straits Times fell 14.33 points or 0.27% to 5,381.70 and Shanghai Composite weakened 54.82 points or 1.5% to 3,596.61, while Hang Seng advanced 296.35 points or 1.29% to 23,255.00.
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.