Will Sensex and Nifty Rise Further on India-US Trade Deal Hopes?
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Synopsis
The Indian stock markets surged on optimism surrounding the US Federal Reserve's policy meeting and potential trade agreements with the US. With key indices rising and investor sentiment improving, market participants remain vigilant for upcoming decisions that could shape future market trends.
Key Takeaways
- Sensex closed at 84,977.13, gaining 368.97 points.
- Nifty ended at 26,053.9, rising by 117.7 points.
- Investor sentiment improved with hopes for a trade deal with the US.
- Resistance for Nifty is around 26,100, support near 25,900.
- Sectoral indices showed positive movements, particularly in Oil & Gas.
Mumbai, Oct 29 (NationPress) The Indian stock markets experienced a significant uptick on Wednesday, bolstered by favorable global indicators and rising optimism regarding the US Federal Reserve's upcoming policy decision.
Investor confidence was further enhanced by reports suggesting that the US President might soon finalize a trade agreement with India.
The Sensex surged by 368.97 points, representing a 0.44 percent increase, closing at 84,977.13. Similarly, the Nifty climbed 117.7 points, equivalent to a 0.45 percent gain, finishing at 26,053.9.
"The Nifty continues to face strong resistance in the 26,050–26,100 range, while support is solid around 25,900–25,660. As long as the index remains above 25,800, the broader outlook remains distinctly bullish," experts noted.
"A definitive close above 26,100 could pave the way for an extended rally towards 26,250–26,400, whereas a drop below 25,900 could lead to some profit-taking at higher levels," they added.
Within the Sensex constituents, NTPC, PowerGrid, Adani Ports, HCL Tech, and Tata Steel were the standout performers.
Conversely, Bharat Electronics, Eternal, Mahindra & Mahindra, Maruti Suzuki, and Bajaj Finance were among the major decliners.
Broader market indices also finished in positive territory, with the NSE Midcap 100 index increasing by 0.64 percent, while the Nifty Smallcap 100 index rose 0.43 percent.
Sector-wise, Nifty Oil & Gas led the charge with a 2.12 percent increase. Other sectors such as Energy, Metal, Media, Banking, Financial Services, IT, Pharma, FMCG, and Consumer Durables also saw gains. However, Nifty Auto was the only sector to end in the negative.
Market participants are now eagerly anticipating the outcomes of the US Federal Reserve's policy meeting and further developments regarding the potential India-US trade agreement, which could shape market trends in the upcoming sessions.
"The optimism surrounding potential advancements in India–US trade discussions has significantly elevated market sentiment," experts remarked.
"The upcoming Fed decision is a pivotal event for global markets; while a 25-bps rate cut is largely expected, investors will closely monitor its commentary for indications of further rate cuts, which will guide future market trajectories," they concluded.
Point of View
It's essential to note that the current market movements reflect a blend of optimism and cautious anticipation regarding global economic policies. The potential trade deal signals a positive direction for Indo-US relations, but investors should remain vigilant about upcoming federal decisions which could sway market trends.
NationPress
29/10/2025
Frequently Asked Questions
What drove the recent rise in the Indian stock markets?
The recent rise was driven by strong global cues, optimism regarding a possible US-India trade deal, and anticipation surrounding the US Federal Reserve's policy decision.
What are the key resistance and support levels for the Nifty?
The Nifty faces resistance in the 26,050–26,100 range and has firm support around 25,900–25,660.
Which sectors performed well in the recent trading session?
Sectors like Oil & Gas, Energy, Metal, Media, Banking, Financial Services, IT, Pharma, FMCG, and Consumer Durables showed positive performance.
What should investors watch for in the upcoming days?
Investors should closely monitor the outcomes of the US Federal Reserve's policy meeting and any developments regarding the India-US trade agreement.
Are there any major stocks to watch?
Yes, stocks like NTPC, PowerGrid, Adani Ports, HCL Tech, and Tata Steel were among the top performers, while Bharat Electronics and Mahindra & Mahindra were notable decliners.
