Domestic stocks are indicated to open lower as GIFT Nifty trends around the 23,038 mark, dampened by sharp declines in Wall Street futures. The weakness follows post-market earnings reports from tech heavyweights Amazon and Intel that triggered heavy US futures selling. However, technical indicators suggest Indian benchmarks retain a sideways-to-bullish bias after reclaiming key short-term moving averages.
Key points
Technical analysts expect the Nifty to maintain a constructive short-term outlook as long…: Technical analysts expect the Nifty to maintain a constructive short-term outlook as long as it holds above its 22,800 support level.
Immediate resistance for the Sensex is placed between 74,400 and 74,700, with downside su…: Immediate resistance for the Sensex is placed between 74,400 and 74,700, with downside support established from 73,200 to 73,500.
Strong domestic sector buying in banking, FMCG, and IT alongside steady US interest rates…: Strong domestic sector buying in banking, FMCG, and IT alongside steady US interest rates continues to buffer broader market sentiment.
Sources checked by our analysis pipeline: 1
Stock market prediction for Friday, 30 October, 2026: The Indian stock market is likely to open on a negative note, as GIFT Nifty signalled muted start on Friday, 30 October.
Meanwhile, Asian markets traded mixed on Friday, while US stock futures witnessed a down day amidst disappointing tech results.
Benchmark indices Sensex and Nifty ended Thursday’s session with gains of over 1%, supported by strong buying interest in banking, FMCG and IT stocks. Positive sentiment was further lifted by a decline in crude oil prices and the US Federal Reserve keeping interest rates unchanged.
The 30-share BSE Sensex surged 905.01 points, or 1.24%, to finish at 74,151.04, its highest closing level in more than a week. Of the index constituents, 26 stocks ended in positive territory, while four settled lower. Similarly, the 50-share NSE Nifty climbed 237.90 points, or 1.05%, to close at 22,936.75.
“Markets staged a strong rebound on Thursday, gaining over 1% amid favourable cues and improved investor sentiment. After opening on a flat note, the Nifty crossed the key hurdle around 20 DEMA and gradually moved higher…
Market analysts are sharply divided on whether investors should accumulate or hold shares in India's heavyweight conglomerate ahead of its corporate scorecard. While a massive surge in energy and refining operations is anticipated to bolster core operational profitability, persistent softness in retail performance and upstream exploration creates near-term uncertainty. Market participants are primarily evaluating whether strong telecom valuation support can counter broader retail margin compression.
The company has officially set the terms for its debut on public markets. This pricing establishes the baseline valuation for the firm as trading begins. Investors will monitor early market performance following the equity offering.
Heavy cash burn reported by American technology giants has prompted global investors to reconsider aggressive spending on artificial intelligence infrastructure. Japanese semiconductor equipment makers faced the brunt of the sell-off following an overnight retreat on Wall Street, weighing down major equity benchmarks. However, domestic market sentiment found partial insulation from lower oil import costs and resilient leisure sector earnings.