Stock market outlook today, 30 Oct: Sensex, Nifty prediction - DJIA, S&P, NASDAQ, GIFT Nifty, Kospi, Nikkei, Taiwan cues
Stock market prediction for Friday, 30 October, 2026: The Indian stock market is likely to open on a negative note, as GIFT Nifty signalled muted start on Friday, 30 October.
Meanwhile, Asian markets traded mixed on Friday, while US stock futures witnessed a down day amidst disappointing tech results.
“The domestic market is likely to remain under pressure, with a combination of escalating geopolitical risks, elevated crude oil prices and weak global cues weighing on investor sentiment. WTI crude has climbed to the $102–103 a barrel range amid concerns that the US could resume military strikes against Iran, raising the risk of a prolonged energy-price shock. For India, persistently elevated crude oil prices remain a key macroeconomic headwind, weighing on investor risk appetite and limiting the prospects for a sustained recovery in domestic equities,” said Ponmudi R, CEO of Enrich Money.
Benchmark indices Sensex and Nifty ended Thursday’s session with gains of over 1%, supported by strong buying interest in banking, FMCG and IT stocks. Positive sentiment was further lifted by a decline in crude oil prices and the US Federal Reserve keeping interest rates unchanged.
The 30-share BSE Sensex surged 905.01 points, or 1.24%, to finish at 74,151.04, its highest closing level in more than a week. Of the index constituents, 26 stocks ended in positive territory, while four settled lower. Similarly, the 50-share NSE Nifty climbed 237.90 points, or 1.05%, to close at 22,936.75.
“Markets staged a strong rebound on Thursday, gaining over 1% amid favourable cues and improved investor sentiment. After opening on a flat note, the Nifty crossed the key hurdle around 20 DEMA and gradually moved higher to settle at 22,936.75. The Sensex advanced over 900 points to close at 74,151 on the expiry day, reflecting improved risk appetite and renewed buying interest,” said Ajit Mishra, SVP – research, Religare Broking.
Gift Nifty was trading around the 23,038 level, down nearly 15 points or 0.07% from the Nifty futures’ previous close, indicating a flat opening for the Indian stock market indices.
SENSEX staged a strong recovery, closing at 74,151.04, up 905.01 points (+1.24%). The index opened at 73,268.47, touched an intraday low of 73,181.90, and advanced to a high of 74,166.16, finishing near the day's high. The sharp upward move reflects renewed buying interest and an improvement in overall market sentiment.
On the Sensex outlook, Sachin Gupta, VP – Technical Research at Choice Equity Broking Private Limited, said that the 73,200–73,500 zone is the immediate support area, while resistance is placed around 74,400–74,700. The broader trading range stands at 73,200–74,700, with the bias shifting towards sideways to bullish. Sustaining the recovery and moving beyond the resistance zone could open the door for further gains, while holding above the support area will be important to maintain the positive momentum.
“Going forward, the SENSEX outlook has improved to sideways to bullish, supported by strong buying, a bullish daily candle and improving RSI momentum. Holding above 73,200–73,500 will be crucial for sustaining the recovery, while a move beyond 74,400–74,700 could trigger further upside. However, the immediate 74,150–74,200 zone remains important to watch, given the moving-average and options-related resistance. Traders should monitor the index's ability to sustain above these levels before anticipating the next leg of the rally,” Gupta said.
Meanwhile, on the Nifty 50 outlook, Vatsal Bhuva, Technical Analyst at LKP Securities, said that the index has strongly reclaimed its 20-day moving average (20-DMA), accompanied by a consolidation breakout on the daily chart, indicating improving price structure.
“Although 23,000 remains an immediate hurdle, the current setup suggests a high probability of the index moving towards its previous swing high of 23,175. The RSI has also witnessed a bullish crossover, supporting positive short-term momentum. As long as Nifty sustains above its 20-DMA and the crucial support zone of 22,800, the short-term outlook remains positive, with resistance at 23,175,” said Bhuva.
Wall Street witnessed a negative session on Thursday as disappointing technology earnings weighed on investor sentiment. The selling pressure intensified after market hours as further earnings announcements raised concerns over the sustainability of the AI and technology trade. Stocks across the artificial intelligence and software segments remained under pressure.
The Nasdaq emerged as the biggest laggard, falling 1.4%. The weakness extended into the futures market, with Nasdaq futures plunging more than 500 points in early trade after post-market results from Amazon and Intel triggered a sell-off in their shares, adding further pressure on the index.
The Dow Jones ended 130 points lower on Thursday, recovering marginally from its intraday lows, while the S&P 500 declined 0.3%.
S&P 500
Meanwhile, S&P 500 futures were down 50 points on Thursday.
Concerns over artificial intelligence (AI) investments, which triggered a sell-off in US technology stocks, weighed on South Korean markets on October 30. The KOSPI plunged 4% in early trade, slipping below the 5,700 mark, as heavyweight stocks Samsung Electronics and SK Hynix declined sharply. The KOSDAQ opened 2.05% lower at 736.76 and extended its losses to 729.38, declining 23.85 points or 3.17%.
Japanese equity markets opened sharply lower, with the Nikkei 225 declining 1.47%, as disappointing US technology earnings weighed on investor sentiment. Concerns over Alphabet’s slowing cloud business growth and massive capital expenditure plans fuelled worries on Wall Street about the returns on investments in AI infrastructure.
Meanwhile, Taiwan stock market continued its falling streak with Taiex index plunging over 3.15% to 44,907.12 on Friday.
Vaamanaa covers business and stock market news. Started in 2020, she has been producing news on digital platforms for over 4.5 years now. She writes on markets, commodities, IPOs, and industry. She has worked for news channels like Jagran New Media and Business Insider India. You can reach out to her at vaamanaa.sethi@htdigital.in.
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