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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence Fed, FPIs & Budget Watch | Indian Equities The Fed Held, the Foreign Funds Flinched, and Delhi Is Listening: Where Indian Equities Go From Here The Fed held at 3.75%–4.00% on a 10–2 vote. FPIs have sold a record ₹3.07 lakh crore through 23 October. Delhi is reportedly weighing an LTCG cut. And on 27 October, the Nifty Smallcap 100 jumped 2.70% in a single session. Wednesday, 28 October 2026, gave Indian markets a rare thing: a day without a nasty surprise from Washington. The Federal Reserve kept its policy rate unchanged at 3.75%–4.00%. Nifty closed at 22,698.85, down just 0.22%, after Sensex had been down nearly 1,000 points at the intraday low. Then came the numbers that matter more. According to provisional NSE data, FII/FPIs were net buyers on the day. Across NSE, BSE and MSEI combined, they bought a net ₹871.83 crore, against DII net buying of ₹643.35 crore. It is one session, and it f...
Expect spot gold prices to trade positive: Sushil Finance
 According to Sushil Finance spot gold prices are expected to trade on the positive note on the back of rise in worries over possible federal debt default. Further, US Federal reserve decision to continue with its bond buying programme may support prices to trade in green.
Sushil Finance's report on bullion 
Sep 26, 2013: A spot gold price increased by 1.32 percent in yesterday’s trading session on the back of weakness in dollar Index. Further, rise in worries over US debt ceiling crisis increased the demand for safe haven. 

Additionally, US Federal reserve decision to continue with its bond buying programme supported prices to trade in green. However, mixed economic data from globe capped sharp upside in the prices. 
In the Indian Markets, gold prices rose by 0.79 percent taking cues from Intl spot gold prices. However, appreciation in the Indian Rupee prevented sharp upside in the prices. Gold prices touched an intraday High of 30290/10gms and closed at 30215/10gms. 

Outlook: We expect spot gold prices to trade on the positive note on the back of rise in worries over possible federal debt default. Further, US Federal reserve decision to continue with its bond buying programme may support prices to trade in green. Apart from that, expectation of rise in US unemployment claims may support prices. However, strength in Dollar index may cushion sharp upside in the prices. In the Indian Markets, depreciation in the Indian Rupee may support prices to remain in positive terrain.

Courtesy: www.moneycontrol.com 

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