TODAY THIS SECTOR GIVE BREAKOUT AND BANKNIFTY LVLS ARE...
PRE-MARKET REPORT | 30 OCTOBER 2026
CRUDE NEAR $117 RAISES CONCERNS | GLOBAL AI SELL-OFF PUTS INDIAN IT STOCKS IN FOCUS | BANK NIFTY FACES 54,900–55,000 RESISTANCE
Market Outlook: Cautiously Positive | Selective IT Opportunities | Crude Oil Remains a Major Risk
Indian markets are attempting to extend the previous session's recovery, with GIFT Nifty indicating a mildly positive opening. However, elevated crude oil prices and weakness in global technology stocks could keep volatility high.
--->GIFT NIFTY & GLOBAL MARKET CUES
GIFT Nifty indicates a mildly positive opening.
GIFT Nifty was around 22,981 at 7:42 AM IST, compared with Thursday's Nifty 50 closing level of 22,936.75, indicating a positive start of approximately 44 points. Source: Reuters
--->CRUDE OIL: THE BIGGEST MACRO CONCERN
Crude oil remains at an uncomfortable level for the Indian economy.
Brent crude has moved towards $117.40 per barrel,
--->FII–DII ACTIVITY: SELLING PRESSURE HAS EASED
The recent FII activity provides some support to market sentiment, although the latest session did see foreign selling.
Institutional Activity
Net Flow
FII Cash Market — 29 Oct
-₹944 crore
DII Cash Market — 29 Oct
+₹1,924 crore
FII Cash Market — 27 Oct
+₹4,240.39 crore
--->BANK NIFTY: 54,900–55,000 IS THE KEY RESISTANCE
Bank Nifty closed Thursday around 54,910, placing it near the resistance zone identified for today's session.
Important Level
Trading View
55,000
Major immediate resistance
54,900–55,000
Important supply zone
--->STOCKS IN FOCUS TODAY