Market Outlook Today – Friday, 30 October 2026

Market Outlook Today – Friday, 30 October 2026 Market bias: Cautiously bullish, with volatility Indian equity markets are expected to witness a flat to slightly positive opening following Thursday’s strong recovery. The Nifty 50 surged 237.90 points (1.05%) to close at 22,936.75, while the Sensex gained 905 points to settle at 74,151.04. Buying in banking, FMCG and IT stocks supported the rally. Global Cues: Asian markets are trading under pressure following weakness in US technology stocks. The Nasdaq declined around 1.4%, while elevated crude oil prices remain a major concern for India. The US Federal Reserve's decision to keep interest rates unchanged has provided some stability to investor sentiment. Stock Market News+1 Nifty Technical Outlook Support 22,800 Crucial short-term level Resistance 23,000 Immediate breakout hurdle A sustained breakout above 23,000 could extend the recovery towards 23,175. However, failure to hold 22,800 may invite profit booking. Traders should avoid chasing gap-up openings without volume confirmation. Stock Market News Stocks in Focus Today - Reliance Industries: Quarterly earnings announcement could drive volatility. - Sun Pharma and BEL: Upcoming results remain important triggers. - Coal India: Earnings below expectations may influence sentiment. - IndiGo: Narrowing quarterly losses could attract attention. - Trent and Blue Star: Profit growth puts these counters on the watchlist. Reuters Trading Strategy: Prefer selective buying in fundamentally strong stocks showing price-volume breakouts. Banking and FMCG deserve attention for follow-through buying, while IT stocks may face volatility due to weak global technology cues.