On Wednesday, October Twenty-ninth, markets are poised for a cautiously positive open following Wall Street's record-setting performance overnight, with the Dow, S&P Five Hundred, and Nasdaq all closing higher driven by strong earnings from UPS, UnitedHealth, and PayPal, while Indian ADRs showed mixed results with HDFC Bank rising zero point nine eight percent but ICICI Bank slipping zero point seven four percent; Asian markets are consolidating with the Nikkei down slightly and the Hang Seng marginally positive, while Gift Nifty trading at twenty-six thousand one hundred fifty-six suggests a modest positive open for India. The broader sentiment remains constructive as Foreign Institutional Investors have turned net buyers after three months of selling, and the Federal Reserve's anticipated twenty-five basis point rate cut later today combined with tomorrow's critical Trump-Xi meeting in South Korea—where trade tensions and tariff negotiations will dominate discussions—provide significant catalysts for global and emerging markets. Domestically, the Orkla India IPO opens today with strong grey market demand, while major earnings from Larsen and Toubro and Coal India will guide sector momentum; technically, Nifty Fifty faces resistance at twenty-six thousand with key support at twenty-five thousand eight hundred fifty, while Bank Nifty continues outperforming at fifty-eight thousand two hundred fourteen. Commodities remain stable with crude oil steady around sixty dollars and gold showing weakness after recent record highs, suggesting investors adopt a selective approach to high-quality stocks while respecting key technical levels until we see decisive moves in either direction.