The Nifty 50 and Sensex are expected to see a muted start in trade on Tuesday, October 28, reflecting subdued cues from Asian markets. The broader market tone remains cautiously bullish, supported by better-than-expected Q2 earnings and steady domestic institutional flows, which continue to underpin momentum. At 7:45 a.m., the GIFT Nifty was trading at 26,052, down 10 points (0.04%). Analysts noted that lingering uncertainty around the India-U.S. trade deal is tempering investor enthusiasm, prompting bouts of profit-booking at higher levels despite strong fundamentals.

Globally, U.S. indices closed at record highs overnight, with Chinese and U.S. negotiators lining up diplomatic gains for an upcoming Trump-Xi summit. Investors are also focused on high-profile tech earnings and an expected U.S. rate cut. In Asia, shares consolidated recent gains, with Japan and South Korea equity gauges retreating from record highs, while Australian markets opened lower.

Key levels for the day indicate that the Nifty 50 may open around 25,950–26,000, with support at 25,920 and 25,827 and resistance near 26,100–26,200. Ponmudi R, CEO of Enrich Money, said a decisive move above 26,000 could pave the way for a rise toward 26,300, while a breach below 25,920 may trigger short-term profit-booking toward 25,800–25,660. For the Sensex, immediate resistance lies at 85,000–85,200, with a breakout potentially pushing the index toward 85,500–85,800, while support is placed at 84,500 and 84,000, aligned with previous breakout levels.