New Delhi, Oct 31: The domestic benchmark indices started the session flat amid mixed global cues, as US President Donald Trump and his Chinese counterpart, Xi Jinping, agreed to ease the trade conflict for a year only.

The Sensex started the session at 84,379.79, down 25 points against the last session’s closing of 84,404.46. Nifty opened 14 points lower at 25,863.80. However, both the indices turned green in a while amid buying in automobile and banking heavyweights.

“The Trump-Xi summit delivered only a one-year truce in the US-China trade war, not a breakthrough trade deal. To that extent, market participants were disappointed at the outcome, even though there is relief in the declining trade tensions and possible movement towards further progress,” analysts said.

Among the Sensex stocks, NTPC, Tata Steel, Kotak Bank, Sun Pharma, and Bharti Airtel were trading lower in early trade, while Maruti Suzuki, TCS, BEL, Bajaj Finance, Titan, Tata Motors PV, L&T, and ITC were trading in positive territory.

Broader indices witnessed buying activities in the morning trade as Nifty Midcap 100 and Nifty Smallcap 100 were up around 0.4 per cent. Nifty 100 was also trading in green.

“The rally in the Indian market has been running out of steam as it approaches the record high of 26277 set in September 2024. Renewed selling by FIIs is likely to be a drag on the market in the near-term,” market watchers added.

Sectoral indices were trading high. Nifty Auto, Nifty IT, Bank Nifty, and Nifty FMCG were trading up to 0.6 per cent higher amid decent buying interest. Nifty Fin Services was also trading up.

“Given the heightened volatility and mixed global cues, traders are advised to maintain a cautious ‘buy-on-dips’ approach, particularly when using leverage. Booking partial profits during rallies and keeping tight trailing stop losses will be key for effective risk management. Fresh long positions should be considered only if the Nifty sustains above the 26,100 mark,” the analysts added.

New Delhi, Oct 30: Union Finance Minister Nirmala Sitharaman on Thursday embarked on an official visit to Bhutan to further deepen economic and developmental cooperation between the neighbouring countries.

The visit of the Indian delegation from the Department of Economic Affairs, Ministry of Finance, is slated from October 30-November 2, according to an official statement.

The visit underscores India’s enduring partnership with Bhutan, rooted in mutual respect, trust, and shared commitment to progress and prosperity in the region, it added.

Finance Minister is scheduled to call on the King of Bhutan, Jigme Khesar Namgyel Wangchuck, and Prime Minister Dasho Tshering Tobgay.

She will also hold a bilateral meeting with the Bhutan Finance Minister Lekey Dorji to discuss avenues for further strengthening India-Bhutan economic and financial cooperation.

FM Sitharaman will begin her official tour with a visit to the historic Sangchen Choekhor Monastery, established in 1765 and home to over 100 monks engaged in advanced Buddhist studies, according to the statement.

She will visit and observe several key projects being implemented with support of the Government of India. These include the Kurichhu Hydropower Plant Dam and Powerhouse, the Gyalsung Academy, the Sangchen Choekhor Monastery and Punakha Dzong.

Sitharaman will attend presentations on key developmental initiatives, including the energy sector of Bhutan by Druk Green Power Corporation Limited (DGPC); Bhutan’s 21st Century Economic Roadmap; Banking/Financial sector in Bhutan by Druk PNB and the Bank of Bhutan; and The Gelephu Mindfulness City project

The Finance Minister will also visit the Cottage and Small Industries (CSI) Market, where she will witness a transaction using India’s Unified Payments Interface (UPI), reflecting the growing digital and financial connectivity between the two nations.

According to the official statement, Sitharaman will visit the Punakha Dzong — Bhutan’s second-oldest and second-largest dzong.

On the way to the Punakha Dzong, she will also interact with Bhutanese farmers to understand their agricultural practices, challenges, and opportunities.

Mumbai, Oct 29: Prime Minister Narendra Modi will address the Maritime Leaders Conclave and chair the Global Maritime CEO Forum at India Maritime Week (IMW) 2025, on Wednesday, during which he will spell out the reforms in the maritime sector.

The Global Maritime CEO Forum, the flagship event of IMW 2025, will bring together CEOs of global maritime companies, major investors, policy-makers, innovators, and international partners to deliberate on the future of the global maritime ecosystem. The Forum will serve as a key platform for dialogue on sustainable maritime growth, resilient supply chains, green shipping, and inclusive blue economy strategies.

PM Modi in his post on X on Tuesday said, “Looking forward to being in Mumbai tomorrow, 29th October, to attend programmes relating to the ongoing India Maritime Week 2025. I will speak at the Maritime Leaders Conclave and also chair the Global Maritime CEO Forum. This is a great forum to build collaborations in the maritime sector and highlight India’s reforms in the same.”

The Prime Minister’s participation reflects his deep commitment to an ambitious, future-oriented maritime transformation, aligned with the Maritime Amrit Kaal Vision 2047. This long-term vision, built on four strategic pillars – port-led development, shipping and shipbuilding, seamless logistics, and maritime skill-building – aims to position India among the world’s leading maritime powers.

IMW 2025 serves as the Union government’s premier global platform to translate this vision into action, bringing together leading stakeholders across shipping, ports, shipbuilding, cruise tourism, and blue economy finance, said the government release.

Under the theme ‘Uniting Oceans, One Maritime Vision’, the conclave, which began on October 27, will conclude on October 31. It will showcase India’s strategic roadmap to emerge as a global maritime hub and a leader in the Blue Economy.

IMW 2025 will draw participation from over 85 countries, featuring more than 1,00,000 delegates, 500+ exhibitors and 350+ international speakers.

Meanwhile, Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal on Tuesday said that India’s maritime sector forms the backbone of its economy, with over 95 per cent of the nation’s trade by volume moving through the sea. Under the Net Zero by 2070 commitment, India aims to reduce carbon emissions per ton of cargo by 30 per cent by 2030 and 70 per cent by 2047, making the sector a key driver of climate action.

Minister Sonowal emphasised that flagship initiatives such as the Sagarmala Programme, Maritime India Vision 2030, Harit Sagar Guidelines, and the Maritime Amrit Kaal Vision 2047 place sustainability, innovation, and climate responsibility at the core of India’s maritime growth.

“As we look toward Amrit Kaal 2047, our goal is not only to expand maritime capacity but also to make it greener, smarter, and more resilient,” said Minister Sonowal.

“With our unique geography along key global trade routes, India is poised to become a hub for green shipping corridors, connecting domestic and international markets through clean energy trade,” he added.

India’s first national shore-power standard will enable vessels to draw clean electricity while docked, significantly reducing port-side emissions. Ports like Jawaharlal Nehru Port Authority (JNPA) are leading the shift with battery-powered trucks and electric logistics systems toward zero-emission operations, said the minister.

“The maritime transition cannot be achieved in silos – it demands partnership among governments, industry, financiers, and technology leaders,” Minister Sonowal said.

“Together, we can ensure that the seas that connect us also unite us in purpose – to create a future where maritime trade drives both prosperity and sustainability,” he noted.