Stock market outlook for 26 October 2026: what brokers expect today
The Nifty closed Friday at 22,600, down 0.39%, ending a week in which it fell 2.36%. All five desks were cautious to neutral for Monday, with consensus support near 22,370 and resistance near 22,840. Crude oil, foreign selling and the US Fed meeting on 27–28 October were the main things to watch.
Levels the desks are watching
NIFTY 50
Previous close- R2 Highest resistance named22,900
- R1 Consensus resistance22,840
- S1 Consensus support22,372
- S2 Lowest support named22,300
How the day ended: NIFTY 50 closed at 22,753.20 +0.68%
Consensus levels are the median of the levels each firm named.
Before the bell
Today’s outlook from top brokers
Each firm’s pre-market note in one or two lines, with its stance, its levels and the sectors it is tracking. Views belong to the firms; follow the link for the full note.
| Firm | Stance | Nifty view | Support | Resistance | Sectors to watch | Source |
|---|---|---|---|---|---|---|
| Kotak Neo | Cautious | The firm expects a weak start, with crude oil high and foreign selling continuing. It watches 22,400–22,350 near the 200-week average, then the month’s low of 22,180, with 22,800–22,850 as resistance. | 22,400 | 22,800 | Consumer, Financials | Note (opens in a new tab) |
| Upstox | Cautious | The firm sees subdued price action with the Nifty below its hourly averages. It treats 22,372 as the near-term floor and 22,840, the daily 20-day average, as the hurdle; options data points to a 22,500–23,000 range. | 22,372 | 22,840 | Banks | Note (opens in a new tab) |
| Master Capital Services | Cautious | The firm stays cautious while the Nifty trades below 22,850–22,900, and sees room for a slide towards 22,000 if 22,300 gives way. | 22,300 | 22,900 | Banks, Metals | Note (opens in a new tab) |
| Bajaj Broking | Neutral | The firm expects consolidation between 22,370 and 22,850 if last week’s low holds; a break below it could take the index towards the month’s low of 22,180. | 22,372 | 22,850 | IT | Note (opens in a new tab) |
| 5paisa | Cautious | The firm points to weak momentum, with RSI near 40 and poor breadth on Friday. It marks 22,365 and 22,220 as supports, and 22,835 and 22,980 as resistances. | 22,365 | 22,835 | Metals, Financials | Note (opens in a new tab) |
Key themes and news
What could move the market today
FII and DII flows
Foreign portfolio investors were net buyers of ₹154.97 crore in Indian equities on 23 Oct, according to NSDL. FPI outflows for October so far are about ₹48,056 crore.
More on this themeGlobal cues
Wall Street fell on Friday: the Dow was down 1.23%, the S&P 500 0.52% and the Nasdaq 0.21%. Brent eased about 6% to around $110 a barrel on Monday morning after crossing $116 last week. The rupee is near 94.93 per dollar.
Sector in focus
Results from Tata Consumer Products, ITC Hotels, Paytm, Mankind Pharma, REC, Ather Energy and Bank of Maharashtra. Infosys (profit up 6.2%, guidance retained) and Kotak Mahindra Bank in focus after their numbers.
Policy and events
Nifty monthly F&O expiry on Tuesday; US Fed decision late on Wednesday, India time; Jio Platforms IPO allotment expected today.
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IPO
Reliance's Jio Platforms IPO allotment today, 26 Oct: Check status online, latest GMP price, share listing prediction (opens in a new tab)
Why it matters: Allotment can shift liquidity; listing is a big event for Reliance shareholders.
Mint · 26 Oct, 8:23 am -
Global
Indian shares on track for muted open as oil concerns persist, Fed in focus (opens in a new tab)
Why it matters: Sets up the morning: oil and the Fed are the two drivers this week.
Mint · 26 Oct, 8:00 am -
Global
Oil Price Today (October 26): Crude oil at $115, retreats from 6-month high despite lingering concerns. What are experts saying? (opens in a new tab)
Why it matters: Oil near $115 raises India’s import bill and pressures the rupee.
ET Markets · 26 Oct, 7:56 am -
Flows
Crude oil is the key to bringing FII money back to Dalal Street: Equirus AMC’s Ashutosh Tiwari (opens in a new tab)
Why it matters: Lower crude could be the trigger that slows foreign selling.
ET Markets · 26 Oct, 7:28 am -
Global
Fed expected to pause rate hikes ahead of US midterms (opens in a new tab)
Why it matters: A Fed pause would ease pressure on bond yields and emerging markets.
ET Markets · 26 Oct, 7:14 am