The Indian stock market is aiming for early gains following a volatile session that saw the BSE Sensex fall 352.64 points and the NSE Nifty lose 50.90 points. Technical analysts project a cautious, range-bound environment as investors navigate elevated crude oil prices, high bond yields, and pre-policy caution. While broader Asian markets advanced, a sharp drop of nearly 350 points in Nasdaq futures poses ongoing volatility risks for global equities.
Key points
Technical analysts expect range-bound trading for the Nifty as it faces strong resistance…: Technical analysts expect range-bound trading for the Nifty as it faces strong resistance at the 22,800 level.
Elevated crude oil prices and high bond yields continue to fuel cautious sentiment among…: Elevated crude oil prices and high bond yields continue to fuel cautious sentiment among domestic market participants.
Pressure on major technology shares has created choppy overnight conditions, dragging Nas…: Pressure on major technology shares has created choppy overnight conditions, dragging Nasdaq futures down by nearly 350 points.
Sources checked by our analysis pipeline: 1
Stock market prediction for Thursday, 29 October, 2026: The Indian stock market is likely to open on a higher note, as GIFT Nifty signalled positive start on Thursday, 29 October.
Meanwhile, Asian markets traded broadly higher, while US stock futures remained choppy and and rangebound after US Federal Reserve maintained status quo.
Benchmark indices Sensex and Nifty ended lower on Wednesday, with the Sensex falling 352 points and the Nifty settling below the 22,700 mark. Selling pressure in IT stocks and heavyweight Reliance Industries, coupled with elevated crude oil prices and caution ahead of the US Federal Reserve’s policy decision, weighed on market sentiment.
The 30-share BSE Sensex opened in the red and plunged 995 points to hit an intraday low of 72,603.57 during morning trade. It recovered some of its losses later in the session to close at 73,246.03, down 352.64 points, or 0.48%. The 50-share NSE Nifty declined 50.90 points, or 0.22%, to settle at 22,698.85.
“Markets traded volatile on Wednesday and ended marginally lower as elevated crude oil prices, geopolitical uncertainty and caution ahead of the US…
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