Our pre market report today shows that the cues point to a lower start for the Nifty 50 on Wednesday, 28 October 2026, as Brent crude climbs back near $116 a barrel and GIFT Nifty trades below Tuesday’s close. Strong FII buying in the last session and firm Asian markets offer some support, but traders will also be waiting for the US Federal Reserve decision late tonight.
Key Takeaways
- GIFT Nifty traded lower at 7:40 to 7:43 AM IST, between 22,583 and 22,655.50, or 94 to 173 points below the Nifty’s last close of 22,749.75.
- FIIs were net buyers of Rs 4,240 crore in cash on 27 October, their largest single-day purchase in the last 30 sessions. DIIs sold Rs 1,250 crore.
- Brent crude rose about 1.5% to 1.8% to near $115.6 to $115.9 after Yemen’s Houthis said they struck a Saudi refinery.
- Kospi jumped nearly 6% and the Nikkei gained over 1% in early trade; Hang Seng was flat.
- Events: Jio Platforms lists today, HUL and Adani Enterprises report Q2 results, and the Fed decision is due around 11:30 PM IST.
Market Snapshot
| Indicator | Latest | Change | Source time |
|---|---|---|---|
| GIFT Nifty | 22,583 to 22,655.50 | -94 to -173 pts | 7:40 to 7:43 AM IST, 28 Oct |
| Nifty 50 (prev. close) | 22,749.75 | -3.45 pts (-0.02%) | Close, 27 Oct |
| Bank Nifty (prev. close) | Lower | -0.72% | Close, 27 Oct |
| Dow Jones | 52,377.57 | +0.03% | US close, 27 Oct |
| S&P 500 | 7,722.60 | +0.60% | US close, 27 Oct |
| Nasdaq Composite | 26,477.81 | +1.18% | US close, 27 Oct |
| Nikkei 225 | 64,117.58 | +1.15% to +1.34% | Early trade, 28 Oct |
| Hang Seng | 23,047 | Flat (+6 pts) | Early trade, 28 Oct |
| Kospi | 5,975.98 | +5.76% to +5.99% | Early trade, 28 Oct |
| Brent crude | $115.6 to $115.9 | +1.5% to +1.8% | Around 7:00 to 7:45 AM IST, 28 Oct |
| US Dollar Index | 102.37 | +0.05% | Morning, 28 Oct |
| USD/INR | About 95.1 to 95.2 | Rupee weaker | 27 Oct close / 28 Oct morning |
| US 10-year yield | About 5.0% | Steady to slightly higher | 27 to 28 Oct |
The two morning GIFT Nifty readings we checked differ in size, but both point to a weaker open than Tuesday’s close.
FII DII Data and Market Setup
Foreign institutional investors (FIIs) bought a net Rs 4,240 crore of Indian shares in the cash market on Tuesday, 27 October 2026. Domestic institutional investors (DIIs) were net sellers of Rs 1,250 crore. It was the largest FII net purchase in the last 30 sessions and the biggest since 2 September.
Our FII Market Setup for 27 October reads Strong Buying. This label means FIIs did two things on the same day: they bought in cash and they added net long positions in index futures (+56,048 contracts). When both point the same way, the signal is stronger than a cash buy alone. You can see the full futures and options positions on our FII DII F&O data page.
One day does not change the larger trend. Over the last 30 sessions (11 September to 27 October), FIIs sold a net Rs 94,209 crore and were sellers on 24 of the 30 days. DIIs bought Rs 1,13,480 crore in the same period, which is a DII absorption of 120%. In simple terms, domestic funds bought more than FIIs sold. You can track each day’s numbers in our FII DII data today cash market summary and the latest FII and DII data on our home page.
Global Cues
Wall Street ended Tuesday mostly higher. The Nasdaq rose 1.18% to 26,477.81 as technology stocks led, the S&P 500 gained 0.60% and the Dow was nearly flat. In Asia this morning, South Korea’s Kospi surged close to 6% and Japan’s Nikkei rose more than 1%, while Hong Kong’s Hang Seng was little changed.
Oil is the main worry for India. Brent climbed to about $115.6 to $115.9 a barrel after Yemen’s Iran-aligned Houthis said on Tuesday they had hit Saudi Arabia’s largest refinery with a missile. Saudi authorities had not confirmed the strike at the time of the reports. Higher crude raises India’s import bill and can pressure the rupee, which is trading near 95.1 to 95.2 per dollar. The US 10-year yield is near 5%, and the dollar index is steady above 102. To see how foreign flows have tracked the index, check our FII flow vs Nifty chart.
Nifty and Bank Nifty Levels to Watch
These are objective reference points only, not trading calls.
- Nifty 50: previous close 22,749.75 (27 October) and 22,753.20 (26 October). Nearby round numbers are 22,500, 22,600, 22,800 and 23,000.
- Bank Nifty: fell 0.72% on 27 October as banking stocks lagged the broader market.
Events Today
- Jio Platforms listing: shares list on NSE and BSE today after the Rs 30,200 crore IPO.
- Q2 FY27 results: Hindustan Unilever, Adani Enterprises, Adani Ports, TVS Motor, Hyundai Motor India and Pidilite Industries.
- Results already out: L&T’s Q2 profit rose 33% to Rs 5,202 crore, while Maruti Suzuki’s fell about 26% to Rs 2,466 crore. Both stocks may react today.
- US Fed decision: due around 11:30 PM IST, after Indian markets close, so its impact will show on Thursday.
- Expiry: no index expiry today. The next Nifty weekly expiry is 3 November.
See every upcoming date in our FII DII calendar.
The Bottom Line
The morning cues lean negative because of higher oil prices and a weaker GIFT Nifty, while Tuesday’s strong FII buying and firm Asian markets give some balance. With the Fed decision due tonight and a large listing and key results during the day, a cautious, range-bound session would not be unusual.
Sources: DSIJ pre-market update, 28 Oct 2026; Business Standard stocks to watch, 28 Oct 2026; HDFC Sky, 27 Oct 2026; TheStreet US market close, 27 Oct 2026; The Standard, Asia early trade; Liquide market close, 27 Oct 2026; Oil price report, 28 Oct 2026; NSE provisional FII/DII data via FIIAndDIIData.com.
Disclaimer: This report is for educational purposes only and is not investment advice. FIIAndDIIData.com is not a SEBI-registered adviser.
