Daily Market Wrap – Oct 29, 2025

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🐂 Sensex surged 369 points while the Nifty decisively crossed the 26,000 mark, closing near record highs as bulls took charge of the street.

🐂 The rally was primarily fueled by strong global cues, with widespread anticipation of an interest rate cut by the U.S. Federal Reserve lifting investor sentiment across emerging markets.

🐂 Adani Group stocks were on fire, adding over ₹48,550 crore in market capitalization in a single session after Adani Green Energy reported a stellar 111% jump in its quarterly profit.

🐻 Shares of Asset Management Companies (AMCs) like HDFC AMC and Nippon Life AMC tumbled up to 10% after SEBI proposed a revamp of mutual fund fee structures, sparking concerns about future profitability.

🐻 Not all earnings were positive, as public sector behemoth Coal India reported a weak set of numbers, with its consolidated net profit falling 30% year-on-year for the second quarter.

Today the market was clearly driven by global optimism, with the hope of a Fed rate cut proving strong enough to push indices to new milestones. This bullish wave was supported by standout quarterly earnings from some domestic players, especially within the Adani pack. However, the rally wasn’t broad-based, with significant headwinds hitting the asset management sector due to regulatory proposals. The sharp divergence between rallying indices and a falling AMC sector highlights a market that is selective and sensitive to specific news flows, even amidst a sea of global optimism.

Stay sharp.

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