Daily Market Commentary : Indian equities rise on India-US trade deal optimism Says Mr. Siddhartha Khemka, Motilal Oswal
Below the Daily Market Commentary for October 29th 2025 By Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd
Indian equities recovered on Wednesday, buoyed by optimism over a potential India-US trade deal and ahead of the US Federal Reserve’s policy outcome. Nifty closed at 26,053, up 117 points (+0.5%), while the Nifty Midcap100 and Smallcap100 rose 0.6% and 0.4%, respectively. Sectorally, most indices ended in green. Oil & Gas (+2%), Metals (+1.7%), Media (+1.6%), and FMCG (+0.9%) led the gains, while Auto was the only laggard, down 0.7%. Technology stocks witnessed renewed buying interest. Capital market stocks declined nearly 2% as SEBI’s proposed amendments to mutual fund regulations raised concerns over revenue and margin compression for market intermediaries like asset management companies, brokerages and distributors. On the institutional front, FIIs were net buyers for the day, purchasing shares worth Rs.10,340 crore, the highest single-day inflow since June 26, 2025, while Brent crude eased slightly to USD 64.35 per barrel. Markets will now turn their focus to key earnings announcements scheduled for tomorrow, with ITC, NTPC, Adani Power, DLF, and Hyundai Motor set to report their quarterly results. Investor attention is also on the US Federal Reserve’s policy outcome later today for cues on the future interest rate trajectory. Optimism around trade progress, upcoming earnings, and sustained FII inflows is expected to lend support to near-term market sentiment.
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