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Trade Setup for Today: GIFT Nifty Points to Flat Open as Wall Street Gains Offset Soft Commodities as of October 29, 2026
scanx.trade 1 hr ago·29 Oct 2026, 2:38 am
Global markets are sending mixed signals for today's Indian trading session. While the US markets ended higher on the previous day, gains in the US were partially offset by a decline in commodity prices. This combination of factors is reflected in the GIFT Nifty, which is indicating a flat opening for the Nifty 50 index. This suggests that domestic investors are likely to wait for fresh cues before committing to a significant directional move.
For investors, this flat start implies a cautious approach. With global volatility remaining a key factor, the market may see a range-bound session. Traders should focus on domestic economic data and corporate earnings scheduled for release today, as these are likely to be the primary drivers of stock prices in the absence of a clear global trend.
What to watch next: Keep an eye on commodity prices, particularly crude oil, as they influence the cost of imports. Also, monitor the movement of the GIFT Nifty in the pre-open session to gauge the exact opening level of the Nifty 50 and Sensex.
Excerpt from scanx.trade
GIFT Nifty at 22,665 signals a slightly negative open (-0.38%). Nifty 50 closed at 22,698.85 and Sensex at 73,246.03 in the previous session. FIIs and DIIs were net buyers on Oct 28, injecting ₹ 871.83 cr and ₹ 643.35 cr respectively. WTI Crude fell 1.13% to $101.62, while Gold rose 0.31% to $4,064.20. USD/INR…Read the original at scanx.trade
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- Category: Stocks.
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A routine update. Use the price and stock snapshot to gauge how the market is responding.
