Stock Market Surges, ASEAN Summit Preview, and India Reopens Embassy in Kabul — Key Updates for October 23, 2025

India’s stock market soared past new milestones, Prime Minister Modi confirmed participation in next week’s ASEAN-India Summit, and India reopened its embassy in Kabul in a bid to reassert influence in the region.
October 23, 2025, continues to be eventful across financial and geopolitical fronts. The Indian stock market opened on a buoyant note as the Nifty crossed 26,000 and the Sensex surged over 500 points to a 52-week high of around 84,950. Leading gainers included Infosys, Axis Bank, and TCS, bolstered by optimism surrounding potential U.S. tariff cuts on Indian imports and robust FII inflows worth over ₹7,000 crore this month. Analysts note the market’s strength reflects positive sentiment from President Trump’s assurance of improved trade ties with India following his recent conversation with Prime Minister Modi.​ BSE Sensex trading screen on October 23, 2025 Meanwhile, Prime Minister Narendra Modi announced his participation in the ASEAN-India Summit scheduled next week in Malaysia, to be attended virtually as India seeks to deepen trade and security ties in Southeast Asia. The summit is expected to focus on regional stability, defense cooperation, and India’s Act East policy.​ On the international front, India reopened its full embassy in Kabul after four years, marking a strategic move to balance growing Chinese and Pakistani influence in Afghanistan. The Taliban administration welcomed the reopening, stating that India’s presence could help promote regional peace and reconstruction.​ In global developments, tensions rose between Russia and the U.S. as plans for a Putin–Trump summit were officially shelved following Moscow’s rejection of a ceasefire proposal in Ukraine. The International Court of Justice (ICJ) also ordered Israel to allow UN humanitarian aid into Gaza amid worsening civilian conditions.​ Elsewhere, domestic governance debates intensified after India’s anti-corruption body Lokpal came under political criticism for approving the purchase of luxury BMW vehicles, raising questions about its fiscal priorities. Additionally, the Assam government’s plan to introduce bills targeting polygamy and so-called “love jihad” sparked new political debates on personal law reform.​