Investors Monitor RBI Policy and US-India Trade Amid Cautious Market Sentiment

Domestic markets are poised for a flattish to positive opening despite lingering caution, with attention focused on the Reserve Bank of India's monetary policy meeting concluding October 1. While no rate changes are anticipated, the RBI's economic outlook statement will be scrutinized for hints at navigating global headwinds.

Santosh Meena of Swastika Investmart highlights US-India trade relations as a potential catalyst for relief rallies. Diverging views persist on whether the RBI will implement rate cuts, with IIP data and festive sales trends serving as additional market triggers.

Pharma and IT sectors remain under pressure following recent US policy shocks, though Nifty futures suggest stability at 24,800. Enrich Money's Ponmudi R notes resilient domestic demand and GST-driven consumption patterns are mitigating some global pressures on Indian markets.