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Markets opened on a cautious note on Monday, with the Sensex falling 243.29 points or 0.29 per cent to ₹82,257.53 and the Nifty declining 72.55 points or 0.29 per cent to 25,212.80 as investors reacted to renewed trade tensions between the US and China.
The market weakness followed US President Donald Trump’s announcement of a 100 per cent tariff on all Chinese goods effective November 1, which rekindled fears of a global trade war. “Indian equities are expected to open lower today as investor sentiment turns cautious after the US announced a 100 per cent tariff on all Chinese goods,” said Ponmudi R, CEO of Enrich Money, a SEBI registered online trading and wealth tech firm. However, President Trump later softened his stance, stating the US does not intend to “hurt China,” which led to a recovery in US stock futures.
“Stability appears to be returning to global stock markets, after the Friday sell-off triggered by President Trump’s threat,” said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd. “Particularly, his remark, ‘don’t worry about China’ indicates that the feared trade war may be averted.”
On the domestic front, optimism remained high after Prime Minister Narendra Modi’s talks with President Trump reaffirmed commitment toward advancing the India-US trade pact. “Commerce Minister Piyush Goyal’s assurance that discussions are progressing and a deal could be sealed by November further fuelled hopes of sustained bullish momentum,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
Among sectoral movers, automobile stocks dominated the gainers list with Bajaj Auto leading at ₹9,063.50, up 1.31 per cent. Eicher Motors gained 0.88 per cent to ₹7,026.50. Aviation and telecom sectors also showed strength, with IndiGo rising 1.20 per cent to ₹5,804.00 and Bharti Airtel advancing 1.09 per cent to ₹1,961.10. Asian Paints added 0.89 per cent to ₹2,361.00.
On the losing side, Tata Motors declined 1.69 per cent to ₹667.45, while ONGC fell 1.32 per cent to ₹243.09. IT stocks witnessed profit booking, with Wipro dropping 1.23 per cent to ₹245.65. Adani Enterprises shed 1.17 per cent to ₹2,521.00, and Tata Steel declined 1.14 per cent to ₹171.87.
Foreign institutional investors continued their buying streak, purchasing stocks worth ₹3,289 crore during the last four trading days. “The uptrend in the market has led to short covering, which has helped the market to turn resilient,” Vijayakumar noted. “Domestic consumption themes which will not be impacted by the trade skirmishes are likely to witness accumulation by institutional buyers.”
Technical indicators suggest the Nifty 50 continues to maintain its higher-low structure above the 25,000-24,850 zone. “The 20-day EMA near 25,000 remains a reliable support, reinforcing investor confidence in the market’s underlying momentum,” Ponmudi said. On the upside, resistance lies at 25,300-25,400, while a decisive close above 25,500 could trigger an upward move toward 25,700-25,900.
Market participants are now focused on key catalysts including Q2 earnings, with companies like HCL Technologies, ICICI Lombard, Tech Mahindra, Axis Bank, Infosys, and Reliance Industries scheduled to report this week. Domestic CPI inflation data and U.S. inflation numbers are also expected to shape near-term sentiment.
In commodities, crude oil prices tumbled to a five-month low after OPEC+ decided to raise output from November. “We expect crude oil prices to remain volatile in today’s session,” said Rahul Kalantri, VP Commodities, Mehta Equities Ltd. Gold posted its eighth consecutive weekly gain amid safe-haven demand.
Published on October 13, 2025
English (US) ·