Indian equity markets are expected to open cautiously for today’s session as investors assess global cues, continued foreign outflows, and near-term resistance levels. Early signals from GIFT Nifty indicate a negative start, with the index trading around 26,184, down 42 points from its previous close.

On Wednesday, indices continued to decline for the third day in a row. The Sensex lost 102 points, or 0.12%, closing at 84,961, while the Nifty 50 dropped 38 points, or 0.14%, and settled at 26,140.75.

In contrast, the BSE Midcap index increased by 0.47% and the Smallcap index grew by 0.12%. This divergence points to the selective buying of high-quality stocks.

Sensex Outlook

The Sensex's performance in the last session was characterized by intraday fluctuations, a sign of consolidation following the recent uptrend.

The 85,400-85,500 is the immediate resistance, whereas the 84,400-84,500 zone indicates support. 

The major accumulation zone is around 84,200, which may draw in buyers if it is retested. Sectorally, IT and consumer durables are outperforming, while auto and infrastructure stocks are dragging the market sentiment.

Nifty 50 Outlook

The Nifty 50 formed a neutral candle, a sign of indecision. The index has support around 26,050, close to its 20-day EMA, indicating short-term stability. 

In order to get back the bullish momentum and to create resistance zones for the bulls, a sustained move above 26,200 is required. 

On the other hand, a break below the 26,000 may start a move of correction to lower levels.

Also Read: US Stock Market Today: NASDAQ Edges Up, Dow Slips as Mixed US Data Tests Early-2026 Risk Appetite

Bank Nifty Outlook

The Bank Nifty finished just below the 60,000 mark and created a hammer-like candle, which indicates that buyers are interested in buying at lower prices. 

The index met strong demand at around 59,700 to 59,800; however, the index still faces supply pressure during the up moves. 

In order to confirm the recovery trend, a break above the resistance at 60,150 is needed, whereas a fall below 59,800 could lead to weakness.

The domestic earnings releases in conjunction with the global risk macro data, in particular the eagerly awaited US indicators like Non-Farm Payrolls and JOLTS openings, are tracked by the investors.

Siddhartha Khemka of Motilal Oswal Financial Services Ltd said that despite near-term volatility and FPI outflows, underlying demand trends, especially in the consumption-linked sectors, remain resilient, providing longer-term support to the market.