Stock Market Outlook Today, 30 July 2026: Sensex, Nifty Likely to Trade Positive After Fed Holds Rates

Sensex and Nifty are likely to remain range-bound with a positive bias on Thursday, July 30, supported by resilient domestic earnings, improving global sentiment and the US Federal Reserve's latest monetary policy decision.

Stock Market Outlook Today: Nifty, Sensex May Open Positive After Fed Holds Rates

Global sentiment remained supportive after the US Federal Reserve kept its benchmark interest rate unchanged at 350-375 basis points in its second monetary policy meeting under new Chairman Kevin Warsh. While the central bank left rates unchanged, Beth M. Hammack, Neel Kashkari and Lorie K. Logan voted in favour of a 25-basis-point rate hike, indicating that policymakers continue to remain divided over the inflation outlook.

The Fed's decision broadly matched market expectations, helping ease uncertainty surrounding interest rates. Investors will now focus on the central bank's future policy guidance and its assessment of inflation and economic growth for further cues.

"Indian equities are expected to remain range-bound with a positive bias, supported by positive global cues and healthy domestic corporate earnings. Sentiment improved as investor flows returned to the Indian IT sector following the sharp correction in global AI and semiconductor stocks. Markets also looked past recent geopolitical tensions and crude oil volatility, with focus shifting back to domestic earnings and macroeconomic triggers," said Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.

Sensex, Nifty Rally Over 1% Ahead of Thursday's Trade

Indian equity benchmarks ended Wednesday's session with strong gains after opening on a positive note and extending their rally throughout the day. Improved investor sentiment was supported by appreciation in the Indian rupee, short covering by foreign institutional investors (FIIs) and sustained buying across frontline sectors.

The BSE Sensex climbed 888.68 points, or 1.16%, to close at 77,654.60, while the Nifty 50 advanced 264.85 points, or 1.10%, to settle at 24,250.20.

Nifty Prediction Today, 30 July, 2026: What Can Traders Expect Today?

According to Bajaj Broking Research, the Nifty formed a bullish candle on the daily chart after making a higher high and higher low, reflecting continued buying interest.

Nifty started the session on a positive note and gained momentum as the session progressed to closed around the 24,250 levels. Index formed a bullish candle with a higher high and higher low and a bullish gap below its base (24041-24136) signaling positive bias and continuation of the up move. The index in the process formed a higher high in the weekly chart. "Index sustaining above Wednesday gap area will keep the bias positive and will extend the pullback towards the 24,370 levels in the coming session," stated Bajaj Broking Research.

The brokerage expects the index to gradually move towards the 24,500-24,600 resistance zone, which coincides with the current month's high and the April 2026 peak. On the downside, immediate support has shifted higher to the 23,800-24,000 region, supported by the 20-day and 50-day exponential moving averages (EMAs) and recent gap zones. It also noted that the 14-day Relative Strength Index (RSI) has generated a fresh buy signal, reinforcing the near-term positive outlook.

Bank Nifty Outlook Today: Key Resistance Seen at 57,500

Bajaj Broking Research said Bank Nifty formed a high-wave candle with a higher high and higher low, indicating renewed buying interest after recent consolidation.

The banking index has largely traded within the 56,500-58,700 range over the past six weeks. According to the brokerage, 57,500 remains the immediate hurdle, while a sustained move above this level could pave the way for an advance towards 58,000.

"On the downside, the 56,500-56,000 zone remains a crucial support area. This region is reinforced by the confluence of the lower band of the six-week trading range, an ascending trendline, and the 52-week EMA, making it a strong demand zone. Index holding above this support cluster, the broader outlook is expected to remain constructive," said the brokerage.

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