Post Session: Quick Review

Indian equity benchmarks erased most of their intraday gains but ended in positive territory on the weekly F&O expiry day. Markets made a slightly positive start and extended their gains to trade higher, as traders took some support with NITI Aayog CEO BVR Subrahmanyam exuding confidence that a trade agreement would be concluded between India and the US soon, as both countries are committed to having a mutually beneficial bilateral trade pact. Finally, markets off their intra-day highs in dying hours of trade and but managed to settle with minor gains.

Some of the important factors in trade:

India, Qatar to soon finalise contours to negotiate FTA: Some optimism came as Commerce and Industry Minister Piyush Goyal said that India and Qatar will soon finalise the contours to negotiate a free trade agreement and the pact is expected to be concluded by the middle or third quarter of next year.

World Bank raises India’s growth forecast to 6.5% for FY26: Sentiment got boost as the World Bank upped India’s growth estimates for the current fiscal (FY26) by 20 basis points to 6.5 per cent from its June projection of 6.3 per cent.

India should have strong trading ties with neighbours including China: Traders took a note of NITI Aayog CEO BVR Subrahmanyam has said that India should have strong trading arrangements with its neighbours including China, which is a $18 trillion economy that cannot be avoided. 

Global front: European markets were trading mostly in red with a deepening political crisis in France and weak factory orders data from Germany weighing on markets.  Asian markets ended mostly in green as traders have reinforced bets on an additional rate cut by the U.S. Fed this October. 

The BSE Sensex ended at 81926.75, up by 136.63 points or 0.17% after trading in a range of 81787.48 and 82309.56. There were 14 stocks advancing against 16 stocks declining on the index. (Provisional)

The broader indices ended mixed; the BSE Mid cap index was up by 0.45%, while Small cap index down by 0.15%. (Provisional)

The top gaining sectoral indices on the BSE were Telecom up by 2.13%, Realty up by 1.09%, Oil & Gas up by 0.47%, Energy up by 0.47% and Consumer Durables up by 0.28%, while FMCG down by 0.49%, Metal down by 0.29%, IT down by 0.25%, Bankex down by 0.16% and Basic Materials down by 0.14% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Bharti Airtel up by 1.55%, HCL Technologies up by 1.40%, Ultratech Cement up by 1.18%, Tata Steel up by 1.00% and Bajaj Finance up by 0.98%. On the flip side, Tata Motors down by 2.08%, Axis Bank down by 2.02%, Trent down by 1.91%, Infosys down by 1.09% and SBI down by 1.09% were the top losers. (Provisional)

Meanwhile, Federation of Automobile Dealers Associations (FADA) has said that passenger vehicle retail sales shot up 35 per cent year-on-year during the nine-day Navratri period this year, helping the overall registrations grow 6 per cent in September 2025, as offtakes remained muted in the first 21 days of the month and only took off after the roll-out of new GST rates on September 22, 2025. It said overall passenger vehicle retails in the auspicious period stood at 2,17,744 units as compared with 1,61,443 units in the Navratri period last year.

FADA said the bumper sale led to the passenger vehicle retail sales rise to 2,99,369 units in September, a modest growth of 6 per cent as against 2,82,945 units in the same month last year, as customers eyeing price cuts after new GST rate roll-out post September 22, postponed buys in the first half of the month. It said the reduction in GST rates, coupled with festive demand, led to renewed enquiries and bookings, although limited billing days restricted the full potential of the rebound. The momentum built in the closing days of September will carry forward into Deepawali, marking a promising end to the 42-days festive period.

It also said two-wheeler retail sales last month stood at 12,87,735 units, an increase of 7 per cent year-on-year against 12,08,996 units in September 2024. In the Navratri period, sales grew 36 per cent to 8,35,364 units as compared with 6,14,460 units in the same period last year. Two-wheeler retails were powered by affordability improvements, festive offers, and pent-up demand finally translating into retail joy. Three-wheeler retail sales last month stood at 98,866 units, a dip of 7 per cent as compared with 1,06,534 units in September last year. Navratri period saw retails of 46,204 units, a jump of 25 per cent as against 37,097 units in the year-ago period.

It further said commercial vehicle sales rose 3 per cent to 72,124 units in September 2025 as against 70,254 units in the same month last year. The segment sales during the Navratri period saw a jump of 15 per cent year-on-year to 33,856 units. Tractor retail sales grew 4 per cent annually to 64,785 units in September. Navratri period witnessed a 19 per cent jump in retails at 21,604 units as against 18,203 units in the year-ago period. Overall sales last month, across segments, stood at 18,27,337 units, an increase of 5 per cent against 17,36,760 units in September 2024. Likewise, overall Navratri sales rose 34 per cent to 11,56,935 units as against 8,63,327 units last year.

The CNX Nifty ended at 25108.30, up by 30.65 points or 0.12% after trading in a range of 25076.30 and 25220.90. There were 22 stocks advancing against 28 stocks declining on the index. (Provisional)

The top gainers on Nifty were Bharti Airtel up by 1.36%, Bajaj Auto up by 1.27%, JIO Financial Services up by 1.19%, Eicher Motors up by 1.12% and HCL Technologies up by 1.11%. On the flip side, Axis Bank down by 2.14%, Tata Motors down by 2.13%, Tata Consumer Products down by 1.94%, Trent down by 1.91% and Adani Enterprises down by 1.22% were the top losers. (Provisional)

European markets were trading mostly in red; France’s CAC fell 5.68 points or 0.07% to 7,966.10 and UK’s FTSE 100 decreased 4.14 points or 0.04% to 9,475.00, while Germany’s DAX gained 3.51 points or 0.01% to 24,381.80.

Asian markets ended mostly higher in thin trade on Tuesday as many regional markets, including China, Hong Kong and South Korea remained closed for holiday. Market sentiments strengthened by Wall Street’s gains overnight after OpenAI announced plans for a 1GW data centre using AMD's MI45 chips starting in 2026, even as the US government shutdown extended through its sixth day. Japan's Nikkei hits a new record high amid optimism over Japan's incoming Prime Minister, Sanae Takaichi. Meanwhile, investors cheered data that showed Japanese household spending rose at a faster pace than expected in August.