Stock Market Weekly Forecast (27 to 31 Oct): Sensex, Nifty May Trade Range-Bound Amid US Fed Meet, Q2 Results

As Indian markets enter the final week of October (October 27-31, 2025), volatility is expected to remain high amid global central bank meetings, corporate earnings and crucial trade developments. Analysts predict that benchmark indices, Sensex and Nifty 50 may witness range-bound movement, with selective buying and profit-booking shaping the trend.

Stock Market Prediction This Week From 27 To 31 October 2025

According to Siddhartha Khemka, Head of Research - Wealth Management, Motilal Oswal Financial Services Ltd, "Nifty ended lower by 96 points to close at 25,795 (-0.4%), snapping a 6-day run-up. Markets were pressured by U.S. sanctions on Russian oil companies and profit-taking by investors. Sentiment turned cautious as most sectors traded lower, led by weakness in FMCG, healthcare, and private banks, while metals gained 0.9% on hopes of easing U.S.-China trade tensions."

He added, "We expect Indian equities to remain range-bound, tracking global cues, upcoming Q2 results, and macro-economic data. FII inflows and upbeat management commentaries could help sustain positive market momentum, though intermittent profit booking cannot be ruled out. Meanwhile, any progress on the India-U.S. trade deal front could further uplift investor sentiment."

Top Triggers To Drive Market Sentiment Week Ahead

1. US Fed Policy Meeting

The most significant global event this week will be the Federal Reserve's policy meeting on October 28 and 29. Market experts widely expect the Fed to reduce its benchmark interest rate to ease borrowing costs and support economic growth. Any dovish tone by the Fed could boost global risk sentiment and lead to fresh buying in Indian equities.

2. Ongoing Q2 FY26 Earnings Season

The Q2 FY26 corporate earnings season will continue to drive market sentiment as several major companies are set to announce their results this week.

3. US-China Trade Developments

Another major global event to watch will be the U.S.-China presidential meeting scheduled for October 30.

4. Progress on the US-India Trade Deal

Reports suggest that India and the U.S. are close to finalising a bilateral trade agreement, with both countries having reached consensus on most key points. However, India's Trade Minister emphasised that New Delhi would not rush into the deal, ensuring that national interests remain protected. Any progress on this front could strengthen the rupee.

5. Commodity Price Movements; Gold, Silver MCX

The commodities market witnessed sharp corrections last week. On the MCX, gold futures fell by Rs 3,557 (2.8%) over the week to Rs 1,23,451 per 10 grams, while silver slumped Rs 9,134 (5.83%) to Rs 1,47,470 per kg. The decline followed a nine-week rally as a stronger U.S. dollar and easing geopolitical risks triggered profit-booking.

Nifty Weekly Prediction: Short-Term Consolidation Likely

According to technical analysts at Bajaj Brokerage, "Nifty on the weekly chart has formed a high wave candle with a higher high and higher low, signaling consolidation amid stock-specific action after the recent sharp up move. Following a sharp 1,500-point rally over the past four weeks, the stochastic oscillator has entered the overbought zone, indicating the likelihood of short-term consolidation at higher levels."

The brokerage expects Nifty to trade within the 25,600-26,100 range, with a decisive breakout above 26,100 potentially leading to an up move toward 26,500. On the downside, support lies between 25,500-25,700, which aligns with the 38.2% Fibonacci retracement of the recent rally. "Any dips toward this range can be viewed as buying opportunities," the firm noted.

Bank Nifty Outlook This Week: Consolidation with Positive Bias

"Bank Nifty has also formed a high wave candle, suggesting consolidation after a strong rally. Going forward, the index is expected to consolidate with a positive bias, with immediate support at 57,300-57,500 levels and a stronger demand zone near 56,800-56,500. On the higher side, resistance is placed at 58,500 and 59,000 levels," the note from Bajaj Brokerage added.

The Stochastic indicator has turned upward and is approaching the overbought zone, indicating a possible phase of consolidation but with a bullish undertone.

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