The domestic equity benchmarks ended with major gains today, supported by positive cues from ongoing U.S. trade negotiations with China and India. Investor sentiment was upbeat on signs of diplomatic progress, while attention now turns to the U.S. Federal Reserve’s upcoming interest rate decision, which could set the tone for global markets in the near term. The Nifty settled above the 25,200 level.
The barometer index, the S&P BSE Sensex rallied 594.95 points or 0.73% to 82,380.69. The Nifty 50 index added 169.90 points or 0.68% to 25,239.10.
In the broader market, the S&P BSE Mid-Cap index rose 0.62% and the S&P BSE Small-Cap index added 0.66%. The market breadth was strong.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.20% to 10.27.
Among the sectoral indices, the Nifty Auto index (up 1.44%), the Nifty Realty index (up 1.07%) and the Nifty IT index (up 0.86%) outperformed the Nifty 50 index.
Meanwhile, the Nifty FMCG index (down 0.27%), the Nifty PSU Bank index (up 0.43%) and the Nifty Financial Services index (down 0.40%) underperformed the Nifty 50 index.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.02% to 6.493 from the previous close of 6.492.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 88.0725 compared with its close of 88.1600 during the previous trading session.
MCX Gold futures for 3 October 2025 settlement rose 0.35% to Rs 110,570.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.34% to 97.03.
The United States 10-year bond yield rose 0.07% to 4.038.
In the commodities market, Brent crude for November 2025 settlement shed 13 cents or 0.19% to $67.31 a barrel.
Global Market:
European stocks traded lower on Tuesday, as investors remained cautious ahead of the Federal Reserve policy meeting and assessed developments in the U.S.-China trade talks, alongside key regional economic data.
Asian market ended mixed after U.S. President Donald Trump signaled encouraging progress in trade negotiations with China during talks held in Spain.
The discussions, however, were overshadowed by news of a “framework” agreement on the divestment of Chinese-owned TikTok. U.S. Treasury Secretary Scott Bessent, reportedly speaking in Madrid on Monday, said the commercial terms of the deal had already been finalized.
Both U.S. President Donald Trump and Chinese President Xi Jinping will speak on Friday to discuss the terms.
Oil prices were in focus today as market participants contemplated potential supply disruption from Russia after Ukrainian drone attacks on its refineries.
Ukraine has intensified attacks on Russia's energy infrastructure in an attempt to impair Moscow's war capability, as talks to end their conflict have stalled.
Overnight on Wall Street, equities ended higher ahead of a closely watched Federal Reserve meeting this week.
The S&P 500 added 0.5% to settle at 6,615.28, closing above the 6,600 mark for the first time. The Nasdaq Composite rose 0.9% to a record 22,348.75, while the Dow Jones Industrial Average inched up 49.23 points, or 0.1%, to finish at 45,883.45.