“The domestic market witnessed a broad-based recovery owing to progress in the US-China trade talks. Meanwhile, gold prices declined as demand for safe-haven assets waned. Softer-than-expected US CPI data renewed expectations of a FED rate cut this week, boosting investor confidence. Easing global headwinds, coupled with strong domestic reforms, provided cues for domestic earnings growth and justified the current premium valuations,” Vinod Nair, Head of Research, Geojit Investments Limited, said.
Reliance Industries climbed 2% after the company announced a joint venture with Meta Platforms to develop artificial intelligence-based products. Grasim Industries advanced over 3%, and Bharti Airtel added around 2%.
Public sector banks outperformed, with the Nifty PSU Bank index gaining nearly 3%, boosted by reports suggesting that the government may consider raising the foreign direct investment (FDI) limit in the sector.
Coforge Ltd surged more than 4% after posting better-than-expected quarterly earnings, while Federal Bank gained 3% as brokerages raised their target prices following its second-quarter results.
Vodafone Idea shares jumped up to 10% after the Supreme Court delivered a favourable verdict in the adjusted gross revenue (AGR) case. Indus Towers, which has exposure to Vodafone Idea, rose 3%.
On the downside, Kotak Mahindra Bank fell 2% after reporting in-line second-quarter earnings, while SBI Cards and SRF Ltd declined over 3% and 2%, respectively, following mixed results.
First Published: Oct 27, 2025 3:54 PM IS
