New Delhi, Oct. 28 -- Stock market prediction for Wednesday, 28 October, 2026: The Indian stock market is likely to open on a negative note, as GIFT Nifty signalled muted start on Wednesday, 28 October. Today marks a significant day in the IPO market, as Reliance-backed Jio Platforms IPO is all set to make its stock market debut.

Meanwhile, Asian markets traded broadly higher on Wednesday, while US stock futures continued to gain for second session ahead of Fed meeting.

"Indian equities are likely to open cautiously lower, with GIFT Nifty trading near 22,685. The opening weakness may remain contained if the Nifty holds 22,550, but a durable recovery will depend on broader participation ahead of tonight's US Federal Reserve decision," sa...