Indian equity indices showed cautious optimism on October 23 following renewed progress in India-US trade-deal discussions. The GIFT Nifty traded 32 points higher at 25,925, signaling positive cues for domestic markets. Sectors such as information technology, auto, and infrastructure saw selective buying after reports of tariff-relief proposals and expanded market-access commitments. Foreign institutional investors remained net buyers for the second session, while rupee stability added comfort. Analysts said the diplomatic momentum supports export-linked sectors but warned that global bond yields and oil volatility may cap near-term upside in equities.