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Informist, Wednesday, Oct. 29, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices may consolidate further; US FOMC policy decision eyed

 

MUMBAI--0802 IST--Benchmark indices are likely to consolidate further Wednesday after strong gains so far in October and due to a lack of fresh triggers for further gains. Some choppiness is expected, as seen in Tuesday's session, and the Nifty 50's rise over the psychologically crucial 26000 level may not be a smooth one, technical analysts said. 

 

The sentiment, however, still remains positive as long as the 50-stock index stays above the 25650-25700 levels, despite a pause in the rally seen in the past couple of weeks, analysts said. The November contract of the GIFT Nifty indicated a flat to slightly higher start for the market. At 0757 IST, the contract was at 26165 points, up 39 points. On Tuesday, the Nifty 50 had ended at 25936.20 points, down 29.85 points or 0.1%. The BSE Sensex closed at 84628.16 points, down 150.68 points or 0.2%.

 

Overnight, indices in the US hit fresh highs, powered by a 5% surge in Nvidia after the company said it will build artificial intelligence supercomputers for the US energy department. Investors now await the decision of the US Federal Reserve's policy meeting due later in the day, with markets expecting a 25-basis-point interest rate cut. Meanwhile, Asian indices were mixed in early trade Wednesday. Japan's Nikkei 225 and South Korea's Kospi hit record highs in early trade.  (Akash Mandal)

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Equity Alert: US mkt hits record high again Tue on trade optimism, earnings

 

MUMBAI--0741 IST--The US stock market hit fresh all-time closing highs for the second session in a row Tuesday amid optimism about a trade deal between the US and China and ahead of the earnings of major information technology players this week. There is hope that the US Federal Reserve will reduce key rates at the outcome of its two-day monetary policy meeting, due later in the day. 

 

Trade tensions between China and the US appear to have eased and the two countries are expected to sign a trade deal Thursday. "The market is seeing President Trump re-engaging with the rest of the world again (i.e., China and Japan), and this is a good thing, insofar as it may temper his desire for more tariffs," said Thierry Wizman, global FX and rates strategist at Macquarie Group, CNBC-TV18 reported. However, expensive valuations and shutdown of the US government remain key risks for a market that is at a record high, as per the news report. 

 

The tech-heavy Nasdaq Composite index was the top gainer among the three headline indices, while the S&P and Dow Jones Industries Average closed 0.2-0.3% higher. Earnings of Alphabet, Meta Platforms and Microsoft are scheduled to be released after US market hours Wednesday and Apple and Amazon will detail their results Thursday, CNBC-TV18 reported. 

 

All eyes will be on the US central bank as it is widely expected to cut interest rates by 25 basis points to 3.75-4.00%. Investors will closely watch for Chairperson Jerome Powell's comments about the future rate trajectory, economic strength, and inflation. 

 

Shares of Nvidia closed 5% higher after the company said it would build seven supercomputers for the US Department of Energy. The company has $500 billion in bookings for its artificial intelligence chips, it said. The stock added over $230 billion in market value, taking the company on the verge of becoming the first entity worth $5 trillion, Reuters reported.

 

Following are the closing levels of US indices Tuesday:

 

Index	Level	Change in %
S&P 500	6890.89	0.23
NASDAQ Composite	23827.493	0.8
Dow Jones Industrial Average	47706.37	0.34

 

(Anjana Therese Antony)

 

End

 

US$1 = INR 88.27

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Vandana Hingorani

 

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