EQUITY MARKET (28th Oct 2026)

FII & DII trading activity on NSE, BSE and MSEI in Capital Market Segment: 27th Oct 2026

As of 10:12 (IST)

NSE ADVANCE/DECLINE:

As of 10:13 (IST)

NIFTY INDEX DAILY REPORT

Nifty 50 had a very choppy session today, with the index ultimately ending on the back foot, down about 51 points to finish at 22,698.85. We saw early pressure right from the opening bell at 22,678.00, as weakness in IT names and key index heavyweights dragged the market down to a low of 22,497.70. Firmer crude oil prices and general nervousness ahead of the US Fed decision definitely kept buyers cautious in the morning. That said, strong dip-buying alongside solid buzz around the Jio Platforms debut sparked a healthy afternoon turnaround, pushing the index up to an intraday high of 22,778.05 before cooling off just under the 22,700 mark by the close.

Nifty Pharma turned out to be a defensive bet today, beating the broader market to finish up about 1.04% right around 26,541.35. With plenty of chopping and churning across key benchmarks ahead of the US Fed decision, investors clearly looked for shelter, and healthcare caught a steady wave of safety-driven buying. Heavyweights like Sun Pharma, Dr. Reddy’s, and Cipla did the heavy lifting as institutional accumulation picked up, helped along by optimism around export earnings. That strength easily absorbed some mild profit-taking in a few mid-cap API and diagnostic names. The index held a solid upward slant through the afternoon, staying well clear of its 26,010 support and highlighting a clear rotation into safer, defensive pockets.

The Nifty Auto surged nearly 367 points to close at 25,707.35, bouncing sharply from yesterday’s 25,340.80 close. After kicking off the morning on the right foot at 25,406.10, the index took a brief mid-session dip to a low of 25,268.65 before buyers stepped in aggressively, driving it all the way to a day’s peak of 25,754.50. Big institutional money flowed straight into market leaders like Mahindra & Mahindra, Maruti Suzuki, and Bajaj Auto. Traders were clearly upbeat about strong pre-festive showroom footfalls and healthy vehicle registration numbers, while solid margin expectations helped take the sting out of sticky input costs. By comfortably defending its short-term moving averages and settling right near the highs of the day, the auto basket showed genuine strength while the rest of the market remained cautious.

NIFTY DAILY CHART

The Nifty50 traded flat to negative bias settling the day at 22,706.80, down by 0.19% from previous daily close of 22,749.75 .RSI continued to move in the normal zone but yet below the mark of 50, at 44.90, indicating scope for upside in the index in coming time. But only sustained trading above the 22,800 level could push the index to 23,150. Failure to trade above the mark of 22,800 could make the index weaker towards the mark 22,650.

POST MARKET UPDATE:

Equity Market Technical Analysis Snapshot: Oct 28^th, 2026

NIFTY50:

Nifty opened with a gap-down near 22,678 and witnessed continued selling pressure, declining to an intraday low of 22,497.70. However, the index recovered sharply from lower levels, climbing to an intraday high of 22,778.05 before settling around 22,698.85, registering a decline of 0.22%. The overall trend remains sideways to bearish, with resistance placed at 22,850 and 23,000, while support is seen at 22,550 and 22,400. The index continues to trade below its 11-DMA, 30-DMA, and 200-DMA, indicating weakness in the broader technical structure. RSI at 44.90 reflects subdued momentum. A sustained move above 22,850 could improve the short-term outlook, while a break below 22,550 may renew selling pressure.

BANKNIFTY:

Bank Nifty opened with a gap-down near 53,793.25 and initially declined to an intraday low of 53,626.15. Buying interest emerged at lower levels, triggering a strong recovery that pushed the index to an intraday high of 54,440.25 before it settled around 54,267.40, gaining 0.54%. Despite the positive closing, the index remains below its 11-DMA, 30-DMA, and 200-DMA, indicating that the broader trend is still weak. Resistance is placed at 54,600 and 55,000, while support is seen at 53,700 and 53,450. RSI at 39.53 indicates weak momentum, although the recovery from lower levels suggests some buying interest. A sustained move above 54,600 could strengthen the recovery, whereas a break below 53,700 may lead to renewed downside pressure.

NIFTY MID SELECT:

Nifty Mid Select opened around 13,195.75 and initially declined to an intraday low of 13,141.75. The index then witnessed a sharp recovery, advancing to an intraday high of 13,371.10 before settling around 13,286.60, registering a gain of 0.50%. Despite the positive closing, the overall trend remains bearish. Resistance is placed at 13,400 and 13,500, while support is seen at 13,150 and 13,050. The index continues to trade below its 11-DMA, 30-DMA, and 200-DMA, reflecting weakness in the broader technical structure. RSI at 36.23 indicates subdued momentum. A sustained move above 13,400 could support further recovery, while a break below 13,150 may invite renewed selling pressure.

NIFTY IT:

Nifty IT opened around 31,438.90 and witnessed sharp selling pressure initially, declining to an intraday low of 30,928.10. The index subsequently staged a strong recovery, moving back above its 11-DMA and advancing to an intraday high of 31,597.95 before settling around 31,553.40. Despite the reported decline of 1.98%, the recovery from lower levels and the formation of a pin-bar-like candlestick pattern suggest buying interest near lower levels and the possibility of a short-term rebound. The overall trend remains bullish, with support placed at 31,050 and 30,723 (200-DMA), while resistance is seen at 32,000 and 32,300. RSI at 61 indicates positive momentum. The index is trading above its 11-DMA, 30-DMA, and 200-DMA, supporting the bullish technical outlook. A sustained move above 32,000 could open the door for further upside, while a decline below 31,050 may weaken the recovery.

Pivot Table:

FII & DII trading activity on NSE, BSE and MSEI in Capital Market Segment: 28th Oct 2026

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