Indian benchmark indices — Sensex and Nifty 50 — are likely to open marginally higher in the trading session of October 30. In the previous session, the domestic market had logged its worst week in over a month.

As of 8:06 am, India's GIFT Nifty was trading at 19,092, marking a 0.34% increase from the Nifty 50's closing figure on October 27, which stood at 19,047.25. While the Asian markets exhibited a subdued performance, it was partially attributed to the ongoing conflict in the Middle East.

On the global front, Wall Street witnessed a decline in equities during the previous session, with data revealing that US inflation had remained at elevated levels throughout September.

Among stocks to track in the domestic market, investors await market reaction to the quarterly results of Reliance Industries. The oil-to-telecom conglomerate posted a weaker-than-expected quarterly profit, as a slide in revenue from fuel sales hurt its mainstay oil-to-chemicals business.

Additionally, foreign institutional investors (FIIs) were net sellers of shares worth ₹15 billion on October 27, while domestic institutional investors (DIIs) made net purchases of shares worth ₹3.14 billion.

Some of the key stocks to monitor include Dr. Reddy’s, SBI Card, Bharat Petroleum, and Mahindra & Mahindra Financial Services.

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