Nifty 50, Sensex today: What to expect from Indian stock market in trade on October 27 after global markets rally | Stock Market News
Indian equity markets are set for a strong opening on Monday, following encouraging cues from abroad. The leading indicators suggest that both the Nifty 50 and the BSE Sensex may open higher, supported by an upbeat global sentiment, easing trade tensions between the US and China, and renewed optimism about foreign fund inflows. At the same time, analysts caution that the week ahead may see a measured advance rather than a runaway rally. Technical charts point to resistance near key levels—even as support remains intact—so traders should watch for a breakout or a pull-back scenario. With major global monetary policy decisions and corporate earnings announcements in focus, the path of the market this week is likely to be shaped by selective buying and profit-taking.
The Key points
- Global markets rallied overnight, lifting risk sentiment and providing a tailwind to Indian equities.
- The Gift Nifty futures showed a premium of nearly 100 points over previous close, signalling a strong start.
- The Sensex and Nifty both ended last week under pressure due to profit-booking, despite earlier gains.
- Technical caution prevails: Nifty faces resistance around 25,950-26,000, while support lies near 25,600-25,500.
- Sector breadth remains positive, with metals, oil & gas and realty seeing early strength.
- Key global triggers this week include the Federal Reserve’s policy meeting and developments in US-China trade negotiations.
- Domestic fundamentals are supportive: festive-season demand, corporate earnings momentum and smaller capitalisation stock strength.
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