In the Nifty200 pack, 10 stocks' closing prices crossed above their 200 DMA (Daily Moving Averages) on October 29, 2025, according to stockedge.com's technical scan data. The 200-day daily moving average (DMA) is used by traders as a key indicator for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look:
Oil prices are steady as traders await crucial U.S.-China trade talks. Hopes are high for a de-escalation of trade tensions that have impacted global growth. Investors are also watching for signals from the U.S. Federal Reserve's recent interest rate cut. A significant drop in U.S. crude inventories also supports the market.
Groww, a leading online brokerage, is set to launch its Initial Public Offering in the first week of November. The IPO aims for an $8 billion valuation. This move follows a strong financial performance and rapid client acquisition. Groww's diversified services offer a buffer against industry regulatory challenges.
Asian stocks showed mixed movement. Federal Reserve Chair Jerome Powell indicated that further interest rate cuts are not guaranteed. This led investors to adjust their expectations for easing. Markets are now awaiting policy signals from the Bank of Japan and the European Central Bank. Attention is also on the upcoming meeting between President Donald Trump and Xi Jinping concerning trade.
The European Central Bank plans to launch a digital euro in 2029, extending preparatory work after the current phase concludes. Officials will decide this week to proceed, contingent on a legal framework. Disagreements among EU lawmakers, particularly from the European People's Party, and concerns over US payment firm dominance are creating roadblocks.
Supreme Industries' shares dipped following a revised FY26 volume growth guidance to 12-14% due to a tepid first half. Temporary headwinds from prolonged monsoons and slower government spending impacted demand, particularly in the plastic piping business. Despite near-term challenges, the company anticipates stronger demand and a gradual revival in the latter half of FY26.
Mutual fund fees and brokerage caps proposed by the capital markets regulator sent shares of brokerage firms and asset management companies tumbling. Investors fear a significant hit on revenues and profitability, with Jefferies estimating a 30-33% earnings impact on some AMCs. Mutual fund officials anticipate brokerages and distributors will bear the brunt of these changes.
The Federal Reserve has again cut interest rates by a quarter percentage point, citing a softening labour market and rising employment risks. Policymakers also announced an end to shrinking their asset portfolio by December 1. While economic growth is described as moderate, inflation remains elevated.
