ndian Stock Market Setup – Thursday, 29 October 2026

Indian Stock Market Setup – Thursday, 29 October 2026 Nifty 50 | Bank Nifty | Intraday & Swing Trading Outlook The key strategy for today's market is to follow price action rather than anticipate a breakout. Since the market is already open, the first 15–30 minutes' high and low can provide useful intraday trading levels. Trading strategy: - Bullish: Look for Nifty to sustain above the opening-range high with strong volume. - Bearish: A breakdown below the opening-range low could trigger intraday selling. - Bank Nifty: Watch banking heavyweights for confirmation of market direction. - Risk management: Avoid chasing gap-up stocks and use defined stop-losses. Latest Market Snapshot 29 October 2026 · Opening-session readings, approximately 9:15 AM IST Nifty 50 22,690.65 −0.04% Sensex 73,268.47 +0.03% Source: Reuters opening report. Reuters Market bias: Neutral to cautious. The US Federal Reserve kept interest rates unchanged, while elevated crude oil prices remain a major concern for India. Brent crude was trading near $115 per barrel earlier today. Reuters+1 Yesterday's cash-market institutional flows were supportive: FIIs bought approximately ₹872 crore and DIIs ₹643 crore on a net basis. Business Standard Stock-specific watchlist Stock Today's focus ICICI Bank Banking-sector strength and breakout confirmation Tata Motors Auto-sector momentum Laurus Labs Q2 results and volatility Coal India Earnings announcement Asian Paints Earnings and crude-related margin concerns Today's scheduled earnings include Coal India, Asian Paints, Laurus Labs, Trent and Ambuja Cements. Markets News - Business Standard Trading conclusion: Prefer selective stock-specific opportunities over aggressive index buying. Watch 22,700 as a near-term Nifty reference level, not a confirmed technical support. A sustained move above the opening range with banking participation could improve sentiment; weakness below the opening low would favour caution.