Indian benchmark indices Sensex and Nifty 50 regained momentum on Monday, October 27, after a brief pause in their rally, driven by optimism over a potential US-China trade deal and expectations of a US Federal Reserve interest rate cut. The Sensex closed at 84,778.84, up 567 points (0.67%), while the Nifty 50 ended at 25,966.05, gaining 171 points (0.66%), marking gains in seven of the last eight trading sessions. Sectorally, realty, metal, and banking led the rally, while pharma and FMCG remained relatively muted, reflecting selective participation despite overall bullish sentiment. Analysts attribute the uptrend to easing trade tensions, optimism around global growth, and buying in heavyweights supported by favorable quarterly results, which strengthened domestic equities.
Stocks to watch include TVS Motor, Adani Green Energy, and Tata Capital, which are set to declare their Q2 results. Mazagon Dock Shipbuilders reported a 28.1% YoY rise in net profit to ₹749 crore, while Indus Towers posted a 17.3% decline in net profit despite a 9.7% revenue increase. Adani Ports plans an additional investment of ₹42,500 crore in the Dighi Port project, and Ola Electric announced an expansion of its service network and technology division. Operational issues were reported at Hindustan Petroleum’s Mumbai refinery, and ITC will discuss voluntary delisting from the Calcutta Stock Exchange on October 30. Other notable updates include Bharti Airtel’s addition of 4.37 lakh wireless subscribers in September, Rail Vikas Nigam emerging as the lowest bidder for a bridge project in Bihar, and KFin Technologies posting a 4.5% YoY increase in Q2 net profit to ₹93 crore. Overall, market sentiment remains cautiously bullish, driven by global cues and domestic corporate earnings.