Summary of this article
Stock Market Cues For Today: Domestic triggers such as the announcement of Q2 results, the release of IIP data and global triggers such as fresh escalations in the Israel-Palestine conflict are expected to impact trade
The headline indices are set to open amid mixed global cues on October 29. The Gift Nifty opened lower on October 29. At the time of writing the Gift Nifty traded higher by 31.5 points or 0.12 per cent around 26,157 levels indicating a positive start for the benchmark indices.
On October 28, the Sensex closed at 84,628.16 levels down by 150.68 points or 0.18 per cent and the Nifty 50 also witnessed a marginal decline closing at 25,936.2 levels down by 29.85 points or 0.11 per cent.
Stock Market Cues Today
A combination of geopolitical developments and domestic triggers are expected to impact trading activity and investor sentiment on D-street October 29. These include escalating tensions between Israel and Palestine, a meeting of the US Federal Reserve and the release of India’s IIP data.
Israel-Palestine Conflict
On October 28, Israel conducted airstrikes in Gaza. Israeli Defence Minister, Israel Katz accused Hamas of violating the US-brokered ceasefire agreement by targeting Israeli soldiers in Gaza and violating terms related to returning bodies of deceased hostages. Typically escalations in conflicts lead to an increase in investor caution and uncertainty.
US Federal Reserve Meeting
The US Federal Reserve commenced its meeting on October 28. Federal Reserve Chairman Jerome Powell is likely to reduce interest rates by 25 basis points (bps). D-street is likely to react to the decision in the upcoming sessions this week.
India IIP Data
In September 2025, India’s industrial growth continued to remain steady at 4 per cent. The manufacturing sector, which holds the largest weight in the IIP, grew by 4.8 per cent. The IIP affects the stock market by indicating the health of the industrial sector. Typically positive IIP growth indicates expanding industrial activity, leading to higher corporate earnings.
Q2 Results Today
More than 65 companies are scheduled to announce their Q2 (FY26) earnings on October 29, 2025. Some of the major companies announcing their results include Larsen & Toubro (L&T), Coal India, Steel Authority of India (SAIL), Hindustan Petroleum Corporation (HPCL), Bharat Heavy Electricals (BHEL), Varun Beverages and NMDC.
FII Inflows
Foreign institutional investors turned net buyers of Indian equities on October 29, making a net purchase of Rs 10,339.8 crore. Buying activity also took place on the domestic institutional investor front as DIIs purchased equities worth Rs 1,081.55 crore. So far in October both FIIs and DIIs have remained net buyers of Indian stocks.
Crude Oil Prices On October 29
Crude oil prices witnessed slight declines in the early hours of October 29, the price of West Texas Intermediate crude fell by $0.07 or 0.12 per cent to $60.08. On the other hand the price of Brent Crude declined to $64.35, falling $0.05 or 0.08 per cent.
Gold Rate On October 29
Gold prices extended a declining spree in the early hours of October 29 as the price of 24 karat gold remained around Rs 12,081 per gram and the price of 22 karat gold was around Rs 11,074 per gram. On the other hand the price of 18 karat gold declined to around Rs 9,061 per gram.
Asian Indices Gain In Early Trade
Asian indices surged in early trade with the Nikkei 225, KOSPI and Shanghai Composite recording gains of 1.98 per cent, 1.38 per cent and 0.37 per cent in early trade.
US Market Indices
Wall Street indices finished the session in the green on October 29. The Nasdaq Composite, Dow Jones Industrial Average and the S&P closed higher by 0.8 per cent, 0.34 per cent and 0.23 per cent respectively.
