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Pre-market action: Here's the trade setup for today's session
Economic Times 1 hr ago·29 Oct 2026, 12:30 am
The Nifty slipped slightly in early trade after having bounced back from a sharp intra‑day low yesterday. Market participants are expecting the index to move sideways for now, with many analysts pointing to the upcoming U.S. Federal Reserve policy meeting as a key factor that could keep Indian equities in a tight range.
At the same time, the rupee eased against the dollar, pressured by higher crude‑oil prices and a generally stronger greenback. Foreign portfolio investors turned net buyers on Wednesday, adding to the modest buying pressure in equities despite the currency’s weakness.
Investors should keep an eye on the Fed’s decision later this week, any surprise moves in oil prices, and the rupee’s response, as these factors are likely to shape market direction in the coming days.
Excerpt from Economic Times
Benchmark Nifty experienced a marginal decline after recovering from a significant low during the trading session. Analysts believe Indian equities may remain range-bound ahead of the US Federal Reserve's upcoming policy decision. The rupee weakened against the US dollar due to rising crude oil prices and a…Read the original at Economic Times
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