Stock Market Today: Nifty, Sensex Likely to Trade Higher Amid US Inflation Data, FOMC Meeting & FII Buying

Indian markets are expected to trade cautiously yet on a positive note on 28 October 2025, following strong gains in the previous session. The Sensex rose 566.96 points to 84,778.84, while the Nifty advanced 170.9 points to 25,966.05 on 27 October, driven by softer-than-expected U.S. inflation data and optimism surrounding U.S.-China trade negotiations.

Stock Market Outlook Today For 28 October 2025

Market experts expect that global cues will continue to influence trading today. Softer U.S. inflation data (3.0% YoY in September versus expected 3.1%) has bolstered hopes of a Federal Reserve rate cut in the upcoming policy meeting, lifting risk appetite among investors. Optimism around progress in U.S.-China trade talks is also likely to support market sentiment.

Domestic Factors Likely to Drive Intraday Movements Today

According to Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, "FII buying on Friday to the tune of Rs621.5 crore, added to positive market sentiments."

Domestic buying interest is expected to continue in sectors such as realty, PSU banks, oil & gas, and metals, which led yesterday's gains. Defence stocks may also see momentum following recent capital acquisition approvals worth INR 790 billion for the Indian armed forces.

Nifty Prediction Today: Check Trading Outlook By Experts

Technical analysts expect Nifty to trade in a bullish mode today, building on the momentum of the previous session. "The index formed a bullish candle with a higher high and higher low, highlighting rebound after two sessions of corrective decline. Going ahead, a sustained move above last week high 26,100 levels will open up further upside towards 26,300 & 26,500 levels in the coming sessions. Failure to do so will lead to extension of the last three sessions consolidation in the range of 26,100-25,600," said Bajaj Broking.

Key support levels are seen at 25,500-25,700, which coincide with the 38.2% Fibonacci retracement of the recent rally. Traders are likely to treat dips near this zone as buying opportunities.

Bank Nifty Likely to See Strength on October 28, 2025

Bank Nifty is expected to continue its recovery, supported by strong banking stocks and renewed FII interest. Bajaj Broking noted, "The index sustaining above last week high 58,577 will signal extension of the recent rally towards 59,000 and 59,300 levels. Failure to move past last week high will indicate consolidation in the 58,600-57,300 range. Immediate supports are placed at 57,300-57,500 levels, with a stronger demand zone near 56,800-56,500."

Stocks in Focus Today: Sector-wise Stocks Performance

Analysts expect buying interest in cyclical and rate-sensitive sectors to continue. Realty, PSU banks, metals, and oil & gas are likely to lead gains. Conversely, pharma, healthcare, and media may witness muted trading.

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