Wall Street Recap (October 24, 2025): Major indices hit record highs with Dow closing above 47,000 for the first time (+1.01% to 47,207.12), S&P 500 up 0.79% to 6,791.69, and Nasdaq up 1.15% to 23,204.87. Key drivers were better-than-expected inflation data (CPI at 3% vs expected 3.1%), Fed rate cut expectations, and strong earnings from Ford and Intel.
Indian ADR Performance: mixed performance with HDFC Bank up 0.82%, ICICI Bank up 0.35%, MakeMyTrip up 0.85%, while Infosys down 0.29%, Wipro down 0.74%.
Asian Markets: Expected positive opening on October 27 with US-China trade deal framework boosting sentiment. Gift Nifty around 25,865-25,869.
US-China Trade Deal: Major breakthrough over the weekend - framework agreement reached to avoid 100% tariffs, China to defer rare earth restrictions, resume soybean purchases. Trump-Xi meeting scheduled for October 30 in South Korea.
Indian Market Technical Levels: Nifty support at 25,700-25,500, resistance at 25,900-26,000. Bank Nifty support at 57,300-57,500, resistance at 58,000-58,300.
Commodities: Crude oil around $61.97/barrel (up after US sanctions on Russian oil firms), Gold at $4,098/oz (down from recent highs), Silver at $48.59/oz.
India-US Trade Deal: Very close to completion, most issues resolved, officials say "very near" to finalizing.
FII/DII Activity: FIIs turned net buyers on October 24 with Rs 621.51 crore inflow after previous day's selling. DIIs supportive with Rs 173.13 crore inflow.
IPOs: Jayesh Logistics IPO opening October 27-29, Orkla India (MTR Foods parent) IPO opening October 29-31.