Indices edged higher in early trade; breadth weak.

The key equity indices traded marginally higher in early trade on Friday, supported by a slight improvement in investor sentiment amid optimism surrounding corporate earnings. The Nifty traded above the 22,950 mark, although gains remained limited as investors awaited further cues. Market participants remained focused on the September quarter results of Reliance Industries and Jio Platforms, which were scheduled to be announced later in the day.

Consumer durable, metal and FMCG shares declined while IT, pharma and PSU Bank shares advanced.

At 09:25 IST, the barometer index, the S&P BSE Sensex advanced 5.51 points or 0.01% to 74,181. The Nifty 50 index rose 17.55 points or 0.08% to 22,960.20.

In the broader market, the BSE 150 MidCap Index rose 0.74% and the BSE 250 SmallCap Index added 1.10%.

The market breadth was weak. On the BSE, 1,135 shares rose and 1,928 shares fell. A total of 199 shares were unchanged.

Foreign portfolio investors (FPIs) sold shares worth Rs 943.60 crore, while domestic institutional investors (DIIs) were net buyers of Rs 1,924.41 crore in the Indian equity market 29 October 2026, according to provisional data.

Numbers to Track:

The yield on India's 10-year benchmark federal paper rose 0.09% to 7.394 compared with previous session close of 7.387.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.2500 compared with its close of 95.2650 during the previous trading session.

MCX Gold futures for the 4 December 2026 settlement fell 0.54% to Rs 1,41,833.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.25% to 101.79.

The United States 10-year bond yield declined 1.34% to 4.917.

In the commodities market, Brent crude for the December 2026 settlement advanced $1.41 or 1.23% to $116.29 a barrel.

Stocks in Spotlight:

InterGlobe Aviation advanced 1.30% after the company?s a consolidated net loss narrowed to Rs 1,879.1 crore in Q2 FY27 as against a net loss of Rs 2,582.1 crore in Q2 FY26. Revenue increased 25.9% to Rs 23,363.8 crore from Rs 18,555.3 crore. EBITDAR surged 121% to Rs 2,460 crore from Rs 1,114.3 crore. EBITDAR margin expanded to 10.5% from 6%.

Coal India fell 1.60%. The company?s consolidated net profit rose 53% to Rs 6,516.1 crore in Q2 FY27 as against Rs 4,258.8 crore in Q2 FY26. Revenue increased 20.9% to Rs 44,178.7 crore from Rs 36,553.1 crore.

Trent rallied 5.88% after the company?s consolidated net profit rose 25.4% to Rs 468.1 crore in Q2 FY27 as against Rs 373.4 crore in Q2 FY26. Revenue increased 21.9% to Rs 5,873.1 crore from Rs 4,817.7 crore.

Global Market:

Dow futures fell 107points, signalling a negative opening for US stocks.

Asian equities came under pressure on Friday as Bank of Japan kept interest unchanged at 1.25%.

US stocks ended lower on Thursday, as disappointing technology earnings and concerns over AI investment returns weighed on investor sentiment. The Dow Jones Industrial Average declined 132.54 points, or 0.25%, to 52,342.56. The S&P 500 fell 23.59 points, or 0.30%, to 7,720.39, while the Nasdaq Composite dropped 365.13 points, or 1.38%, to 26,184.72.

Alphabet shares plunged 12.64% on Thursday, marking their worst daily decline on record, after its third-quarter revenue missed market expectations. Revenue increased 25% year on year to $127.58 billion, against the analyst estimate of $127.97 billion. Earnings per share stood at $2.12, below expectations of approximately $2.94.

Google Cloud revenue surged 103% to $30.7 billion, but concerns over heavy AI-related capital expenditure and the returns from these investments overshadowed the growth.

ServiceNow and Fortinet also faced heavy selling following their financial updates. Both stocks declined more than 20%, adding to pressure on the technology sector.

After the US market close, Intel shares plunged more than 17% in extended trading after the company issued a weaker-than-expected outlook. Intel reported third-quarter revenue of $16.5 billion, up 21% year on year, and non-GAAP earnings per share of $0.52. It forecast fourth-quarter revenue of $15 billion to $16 billion and non-GAAP earnings per share of $0.25.

Amazon shares fell more than 5% in extended trading despite strong cloud growth. Third-quarter net sales increased 12% to $201.94 billion, while AWS revenue rose 39% to $46 billion. Operating income increased to $28.08 billion from $17.42 billion a year earlier.

However, trailing 12-month free cash flow turned negative at $42.36 billion, compared with positive free cash flow of $14.79 billion a year earlier. Amazon maintained its 2026 capital expenditure forecast of approximately $220 billion. Its fourth-quarter revenue guidance of $240 billion to $247 billion also disappointed investors.

The US economy expanded at an annualised rate of 3.4% in the third quarter of 2026, according to the advance estimate released by the Bureau of Economic Analysis on Thursday. This compared with growth of 2.2% in the second quarter and exceeded the approximately 3% market forecast.

Consumer spending rose at a 3.8% annualised rate, while business investment also contributed to growth. Investment in information-processing equipment increased sharply, reflecting continued spending on AI-related infrastructure. The GDP figure is preliminary and subject to revision.

Meanwhile, the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, increased 0.5% month on month in September, compared with 0.3% in August. Annual inflation accelerated to 3.6% from 3.4%.

Core PCE inflation, excluding food and energy, rose 0.3% month on month and 3.1% year on year, compared with 3.0% in August. The monthly increases were in line with market expectations.

Personal consumption expenditure increased 0.5% in September, while real consumer spending was unchanged. The data indicated that inflationary pressures remained elevated despite resilient economic growth.

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