The domestic equity indices trade with moderate gains in early trade, rebounding after Friday’s pause in their six-session winning streak. The uptick followed softer-than-expected U.S. inflation data, which boosted expectations of two additional rate cuts in 2025.
The Nifty traded above the 25,850 mark. All sectoral indices on the NSE traded in the green.
At 09:30 IST, the barometer index, the S&P BSE Sensex, rallied 313.82 points or 0.37% to 84,523.16. The Nifty 50 index added 90.85 points or 0.36% to 25,892.40.
In the broader market, the S&P BSE Mid-Cap index rose 0.51% and the S&P BSE Small-Cap index added 0.44%.
The market breadth was strong. On the BSE, 2,070 shares rose and 1,184 shares fell. A total of 229 shares were unchanged.
Foreign portfolio investors (FPIs) bought shares worth Rs 621.51 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 173.13 crore in the Indian equity market on 24 October 2025, provisional data showed.
Stocks in Spotlight:
Kotak Mahindra Bank fell 1.92% after its standalone net profit slipped 2.70% to Rs 3,253.33 crore in Q2 FY26 as against Rs 3,343.72 crore posted in Q2 FY25. However, total income rose 2.12% year on year (YoY) to Rs 16,238.59 crore in Q2 FY26.
GPT Infraprojects jumped 7.93% after the company announced that it has secured an order worth Rs 195 crore from Terminal Industriel Polyvalent de San Pedro (TIPSP) in Ivory Coast.
Numbers to Track:
The yield on India's 10-year benchmark federal paper was up 0.18% to 6.545 as compared with previous close 6.533.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 87.9300 compared with its close of 87.8300 during the previous trading session.
MCX Gold futures for 5 December 2025 settlement fell 0.79% to Rs 122,474.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.03% to 98.92.
The United States 10-year bond yield gained 0.75% to 4.027.
In the commodities market, Brent crude for December 2025 settlement shed 10 cents or 0.15% to $66.04 a barrel.
Global Markets:
Asian market traded in the green on Monday as the Japan’s benchmark Nikkei 225 index rising over 2%, crossing the 50,000 mark for the first time.
Investors cheered progress in U.S.-China trade talks and strong momentum from Wall Street.
Japanese Prime Minister Sanae Takaichi is expected to meet U.S. President Donald Trump this week during his visit to Japan.
The regional rally followed reports that top U.S. and Chinese trade negotiators had hashed out a framework on several disputed issues, paving the way for Trump and Chinese President Xi Jinping to sign off on the terms.
U.S. Treasury Secretary Scott Bessent has reportedly said in an media interview on Sunday that Trump’s proposed 100% tariffs on Chinese imports are “effectively off the table.” He added that China is expected to make significant soybean purchases and to delay broad restrictions on rare earth exports. The U.S., however, will maintain its current export controls on China, Bessent reportedly noted.
Last Friday, all three major averages closed at records as cool inflation data spurred optimism among investors that the Federal Reserve can stay on its rate-cutting path, boosting the U.S. economy and justifying higher valuations for equities.
The Dow Jones Industrial Average rose 472.51 points, or 1.01%, to 47,207.12, securing its first close above the 47,000 level ever. The S&P 500 added 0.79% to 6,791.69, while the Nasdaq Composite climbed 1.15% to 23,204.87.
According to the Bureau of Labor Statistics report released on Friday, the consumer price index showed a 0.3% increase on the month, putting the annual inflation rate at 3%. The annual rate reflected a 0.1 percentage point uptick from August.
Excluding food and energy, core CPI showed a 0.2% monthly gain and an annual rate also at 3%. Core CPI on a monthly basis had posted 0.3% gains in both July and August.