Stock market prediction for Wednesday, 28 October, 2026: The Indian stock market is likely to open on a negative note, as GIFT Nifty signalled muted start on Wednesday, 28 October. Today marks a significant day in the IPO market, as Reliance-backed Jio Platforms IPO is all set to make its stock market debut.
Meanwhile, Asian markets traded broadly higher on Wednesday, while US stock futures continued to gain for second session ahead of Fed meeting.
“Indian equities are likely to open cautiously lower, with GIFT Nifty trading near 22,685. The opening weakness may remain contained if the Nifty holds 22,550, but a durable recovery will depend on broader participation ahead of tonight’s US Federal Reserve decision,” said Hariselvan Radhakrishnan, Founder & CEO of HST Wealth.
Benchmark indices Sensex and Nifty ended nearly flat on Tuesday after a volatile trading session, as investors booked profits in IT stocks and heavyweight banking shares amid persistently high crude oil prices and caution ahead of the US Federal Reserve’s policy decision.
The 30-share BSE Sensex declined 8.08 points, or 0.01%, to settle at 73,598.67. Of its constituents, 17 advanced, 12 declined and one remained unchanged. During the session, the index touched a high of 73,762.98 and a low of 73,179.41. Meanwhile, the 50-share NSE Nifty edged down 3.45 points, or 0.02%, to close at 22,749.75.