Indian benchmark stock indices, the Sensex and Nifty, closed Wednesday (October 29, 2025) on a high note, mirroring a positive trend across global markets. The rally was primarily spurred by growing expectations of an interest rate cut by the U.S. Federal Reserve, which also triggered fresh inflows of foreign funds into the Indian markets.
The 30-share BSE Sensex saw a notable climb, rising 368.97 points (0.44%) to settle at 84,997.13. Throughout the trading day, it even touched an intraday high of 85,105.83, marking a 0.56% jump.
Similarly, the broader 50-share NSE Nifty advanced by 117.70 points (0.45%), closing at 26,053.90.
Among the top performers on the Sensex, companies like Adani Ports, NTPC, Power Grid, HCL Tech, Tata Steel, Sun Pharma, Trent, and Asian Paints recorded significant gains. Conversely, Bharat Electronics, Eternal, Mahindra & Mahindra, and Maruti were among the few that experienced declines.
The positive sentiment was not confined to India, as major Asian markets also ended higher. South Korea’s Kospi, Japan’s Nikkei 225 index, and Shanghai’s SSE Composite index all registered gains, following Tuesday’s positive close in U.S. markets.
Commenting on the market’s performance, Vinod Nair, Head of Research at Geojit Investments Limited, stated, “The domestic market concluded strongly, boosted by optimistic signals from Asian markets and enhanced clarity on international trade dynamics. Further enthusiasm was generated by the anticipation of progress in India–U.S. trade discussions.”
Nair added, “The upcoming Fed decision remains a pivotal event for global markets. While a 25-basis point rate cut is largely expected, investors will be keenly watching the Fed’s commentary for clues on future rate adjustments, which will dictate the market’s direction going forward.”
Foreign Institutional Investors (FIIs) demonstrated strong confidence by purchasing equities worth a substantial ₹10,339.80 crore on Tuesday, according to exchange data. In other market news, the global oil benchmark Brent crude saw a modest increase of 0.23%, reaching $64.55 a barrel.
This rebound follows a slight dip on Tuesday, where the Sensex had closed down 150.68 points (0.18%) at 84,628.16, and the Nifty had fallen 29.85 points (0.11%) to 25,936.20.