Stock market outlook for 29 October 2026: what brokers expect today

Nobody is clearly bullish today. Kotak Securities, Religare and Angel One lean cautious. Motilal Oswal, SAMCO and Bajaj Broking see a sideways market, at least until the Nifty clears 22,830.

The brokers agree on the levels. 22,500 is the floor to watch, and the 22,800–22,840 zone is the ceiling. Their small differences are about what happens if one of those breaks. Only Angel One spells out lower targets (22,200 and 22,000).

Early signals are a bit mixed. GIFT Nifty was quoted at about 22,685, which is 50–96 points lower, in the two reports with a clear time. One report said the opposite, so check the live number before the open. Wall Street ended slightly higher, and the US Fed kept rates unchanged. Brent crude is near $114–115 and the rupee is around 95 per dollar. Both are worries for Indian shares.

Foreign investors (FIIs) bought about ₹872 crore of shares on Wednesday. Domestic institutions (DIIs) bought about ₹643 crore. That buying helped limit the fall, but it was not big enough to turn the mood. On this evidence, a flat-to-choppy session is more likely than a big move, unless crude oil moves sharply. This is an informational summary, not personal investment advice.