Indian markets begin the day on a positive note, with the NIFTY 50 trading at 25,982.00, up by 0.18%, and the SENSEX up by 0.04% at 84,663.68 in the pre-trading session.Global cuesAsian markets traded mixed over expectations of Fed rate cuts and trade negotiations.The U.S. markets traded in green, ahead of the Fed’s monetary policy meeting.Gift NiftyOn October 29, 2025, the GIFT Nifty traded in green, following positive Asian markets and FII inflows.Asian Markets ASIAN MARKETSLTPPrev close% changeGIFT NIFTY26,135.0026,125.500.04%Nikkei 22551,249.8250,219.182.05%Hang Seng26,346.1426,433.70-0.33%Taiwan28,340.9227,949.111.40%KOSPI4,067.044,010.411.41% Asian markets traded positively ahead of the US Federal Reserve’s interest rate decision.The Hang Seng slipped as investors stayed cautious over the meeting between President Xi Jinping and U.S President Donald Trump.US & European Markets US MARKETSLTPPrev close% changeDOW JONES47,727.3647,565.590.34%S&P 5006,949.756,937.000.17%Nasdaq24,161.5024,088.500.30% The U.S. markets traded higher as the U.S. Federal Reserve began its two-day policy meeting, with the possibility of further rate cuts. EU MARKETSLTPPrev close% changeFTSE9,696.749,653.820.44%CAC8,216.588,239.18-0.27%DAX24,278.6324,308.78-0.12% The FTSE rose on strong corporate results by HSBC, Anglo American PLC, and C&C Group.CAC traded lower as investors remain cautious amid corporate earnings and policy decisions from the Fed and European Central Bank later this week.The DAX closed in red after losses in the Construction, Chemicals and Consumer & Cyclical sectors.Commodities COMMODITIESLTP ($)Prev close% changeBRENT CRUDE64.320064.4000-0.12%GOLD3,957.11003,952.11000.13%CRUDE OIL60.040060.1500-0.18%NATURAL GAS3.85603.8570-0.03%SILVER47.499047.07300.90% Crude oil prices fell, driven by a significant drop in U.S. crude inventories.Gold and Silver prices rose over the expectations of rate cuts and cautious sentiment towards the U.S.-China trade deal.Natural gas prices dropped after a warmer weather forecast for the eastern U.S for November 2nd-6th.Currency Movements CURRENCYLTPPrev close% changeDOLLAR INDEX98.760098.7200-0.04%USD/INR88.260088.2500-0.01%GBP/INR117.5315117.76240.20%EUR/INR102.8803102.6908-0.18% The dollar index is trading flat ahead of the FOMC meeting.The rupee weakened against the dollar and the euro as investors are looking out for updates on the U.S.-India trade and rate cuts from major economies.The pound weakened against the rupee over a decline in UK shop price inflation by 0.3%.Sectors to watchBanking: The Fed’s rate decision will impact the Indian banking sector, as further rate cuts will affect global credit accessibility.Metal and Jewellery: The rise in gold and silver prices amid global uncertainties will impact the Metal and Jewellery segment.Oil and Gas: The fall in global crude oil prices and lower inventories will impact the Oil and Gas sector.Stocks to watchMazagon Dock Shipbuilders: Mazagon Dock Shipbuilders has signed an exclusive Teaming Agreement (TA) with Swan Defence and Heavy Industries Limited (SDHI) for collaboration in the design and construction of Landing Platform Docks (LPD5) for the Indian Navy.Signatureglobal (India): Signatureglobal has raised ₹875 crore through a private placement of Non-Convertible Debentures (NCDs) to the International Finance Corporation (IFC).Oil India, BPCL: Oil India and BPCL have signed MoUs with BPCL and Numaligarh Refinery to explore collaboration in developing BPCL’s upcoming Greenfield Refinery and Petrochemical Complex near Ramayapatnam Port in Nellore district, Andhra Pradesh.HUDCO: HUDCO has signed MoUs with Paradip Port Authority, Odisha (PPA), Visakhapatnam Port Authority (VPA), and Mumbai Port Authority (MbPA) during the ongoing India Maritime Week 2025.FII and DII Inflows - 28th Oct 2025 CategoryBuy ValueSell ValueNet ValueDII16,103.7215,022.171,081.55FII/FPI 28,174.8217,835.0210,339.80 (The above numbers are in ₹ Cr)On 28th October, the net inflows were ₹11,421.35 crore. Both DIIs and FIIs stood as net buyers, led by the confidence in India’s economy and strong industrial and manufacturing data.Global Events & UpdatesOn October 29, Japan will be releasing its Consumer Confidence data.Singapore will be releasing its PPI data today.The U.S is set to release its Pending Home Sales data today.Things to look out forSouth Korea’s Composite Consumer Sentiment Index fell to 109.8 in October 2025, down from 110.1 in September 2025.Manufacturing Production in India increased by 4.80% YoY, and industrial production by 4% YoY in September of 2025.ReferencesIndia Manufacturing ProductionFTSE 100 today: Index rises as Europe slips, pound weakens; HSBC gainsStocks to Watch today: Adani Green, Shree Cement, Mazagon, Oil India, Hudco