Indian markets ended near day’s high levels on Monday as traders preferred to buy fundamental strong stocks during the session. Markets made positive start and further continued their trade in green amid optimism over potential India-US trade deal. Traders kept close eye towards Federal Reserve meeting minutes, which going to out on November 20. In second half of the session, markets added more points and touched day’s highs. 

Some of the important factors in trade:

RBI provides relief to exporters amid steep US tariffs: With an aim to support exporter amid high US tariffs, RBI has permitted exporters to bring proceeds of their shipments in 15 months as against the prevailing timeframe of 9 months. The changes have been made following amendments to the Foreign Exchange Management (Export of Goods & Services) Regulations.

India, Chile likely to held next round of FTA negotiations in December: Traders took note of report that next round of negotiations between India and Chile on the proposed free trade agreement (FTA) is expected to be held in December 2025. The pact with the South American nation may help India access critical minerals, which are key inputs for electronics, auto, and solar sectors. 

India, EAEU review roadmap for proposed free trade agreement in goods: The commerce ministry has said that India and the EAEU have reviewed the roadmap for their proposed free trade agreement in goods. The development is important as India is looking to diversify its export markets due to high tariffs imposed by the US. India and Russia also deliberated upon ways to boost bilateral trade to $100 billion by 2030.

Global front: European equity markets were trading lower, due to concerns about an artificial intelligence bubble and global growth. Asian markets ended mixed despite Japan's industrial production expanded more than initially estimated in September. Industrial production climbed 2.6 percent month-on-month in September, reversing a 1.5 percent fall in August. In the initial estimate, industrial output showed an increase of 2.2 percent.

The BSE Sensex ended at 84,950.95, up by 388.17 points or 0.46% after trading in a range of 84,581.08 and 84,988.09. There were 20 stocks advancing against 10 stocks declining on the index. (provisional)

The broader indices ended in green; the BSE Mid cap index gained 0.66%, while Small cap index was up by 0.59%. (provisional)

The top gaining sectoral indices on the BSE were Auto up by 0.86%, Power up by 0.83%, Bankex up by 0.77%, Consumer Disc up by 0.70% and PSU was up by 0.68%, while there were no losing sectoral indices on the BSE. (provisional)

The top gainers on the Sensex were Eternal up by 2.03%, Maruti Suzuki up by 1.34%, Kotak Mahindra Bank up by 1.26%, Mahindra & Mahindra up by 1.11% and Tech Mahindra up by 1.06%. On the flip side, Tata Motors Passenger down by 4.83%, Asian Paints down by 0.91%, Ultratech Cement down by 0.70%, Bharat Electronics down by 0.54% and Tata Steel down by 0.43% were the top losers. (provisional)

Meanwhile, Commerce and Industry Minister Piyush Goyal has said that the government is examining proposals to roll out certain relief measures to boost production in Special Economic Zones (SEZs). He also said the ministry is looking at ways and means to promote excess capacities in these zones for use in the domestic market in India.

He said this will be in a way also an import substitution because many goods that come into India from other countries get better benefits than the SEZ supplies to DTAs (domestic tariffs areas).

He stated ‘We are trying to bridge that gap and we are very hopeful that soon the output from all the SEZs will increase in a big way.’ He added ‘We are also examining what further relief we can give to the SEZs so that we can increase production in these zones.’

The CNX Nifty ended at 26,013.45, up by 103.40 points or 0.40% after trading in a range of 25,906.35 and 26,024.20. There were 33 stocks advancing against 17 stocks declining on the index. (provisional)

The top gainers on Nifty were Eternal up by 1.91%, Tata Consumer up by 1.82%, Max Healthcare Inst up by 1.68%, Eicher Motors up by 1.55% and Maruti Suzuki up by 1.24%. On the flip side, Tata Motors Passenger down by 4.73%, JIO Financial down by 0.92%, Ultratech Cement down by 0.81%, Asian Paints down by 0.64% and Tata Steel down by 0.63% were the top losers. (provisional)

European markets were trading lower; UK’s FTSE 100 decreased 5.67 points or 0.06% to 9,692.70, France’s CAC fell 21.59 points or 0.26% to 8,148.50 and Germany’s DAX was down by 84.75 points or 0.35% to 23,791.80.

Asian markets settled mixed on Monday as a slew of Fed officials warned that inflation progress could slow or stall, denting the prospects for another interest rate cut in December. Meanwhile, investors were awaiting important US economic data due this week, including September's delayed US Jobs report and the release of October's more hawkish federal reserve's meeting minutes. Japanese shares declined with Japan's yen steady after data showed Japan's economy contracted by 0.4% in the July-September quarter, its first setback in six quarters. Shares in Japanese tourism and retail firms fell sharply after China warned its citizens not to travel to Japan amid an escalating row over comments made by prime minister Sanae Takaichi about Taiwan. Chinese shares dropped as a diplomatic rift with Japan worsened and the US said it aims to finalize rare earths deal with China by the Thanksgiving holiday at the end of November.