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Market outlook for week 27-31 October: cautious optimism amid macro cues
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India’s market watchers expect cautious optimism for 27-31 Oct, with FPI flows of US$97 m and major triggers including Fed decision and earnings.
For the week of 27-31 October, analysts at India Infoline highlight that while the Nifty 50 and BSE Sensex rose marginally (+0.33% and +0.31% respectively) in the past week, underlying caution persists. Foreign portfolio investors (FPIs) reportedly net-bought about US$97 million into Indian equities in the truncated week. Key triggers to watch include upcoming Q2 corporate earnings, the Federal Reserve rate decision, and domestic policy headlines. Support is placed near 25,700 for the Nifty; a decisive break could open downside to 25,500.