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.
“Indian equities are likely to open mildly higher, with GIFT Nifty trading near 22,750. However, the opening gain may remain selective unless the Nifty decisively crosses 22,800, as the Federal Reserve’s policy message, elevated crude and high US bond yields continue to restrict broader risk-taking,” said Hariselvan Radhakrishnan, Founder & CEO of HST Wealth.
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.