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Below the Weekly market outlook 30th October 2026 from Vinod Nair, Head of Research at Geojit Investments Limited

"Indian equities closed the week higher as softer crude oil prices and easing bond yields revived risk appetite. While the Fed, ECB and BoJ kept rates unchanged as expected, their continued caution on inflation kept hopes of early monetary easing in check. Still, improving macro conditions encouraged broader participation, with mid- and small-caps outperforming large-caps. The mood turned guarded towards the weekend as renewed West Asia tensions pushed crude higher, triggering profit booking in the broader market, though benchmarks preserved their weekly gains. Pharma and healthcare led the rally on encouraging earnings, realty gained from softer yields, while metals, FMCG and autos benefited from expectations of easing input costs. Cement and oil & gas remained the key laggards.

Looking ahead, U.S. PMI, job data and US midterm election outcomes will be crucial in shaping global risk appetite, while domestic PMI and Q2 earnings will steer stock-specific moves. With geopolitical risks resurfacing and crude remaining still elevated, volatility is unlikely to fade quickly. Against this backdrop, we favour gradual accumulation in quality businesses offering resilient earnings visibility and reasonable valuations rather than chasing the broader market."

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