Flat Opening Expected for Domestic Markets Amid Cautious Sentiment
Domestic markets are poised for a flat opening as cautious sentiment prevails. Despite record highs in US stocks following dovish remarks from the Federal Reserve, Indian equities face headwinds from recent US tariff announcements. Gift Nifty trades at 24,976, signaling a muted start, with analysts anticipating subdued volumes due to a truncated trading week.
Hariprasad K of Livelong Wealth notes the Dow Jones rally could buoy Indian IT stocks, given their US revenue exposure. However, the Nifty remains range-bound below 25,100, with banking sector weakness offsetting potential IT gains. Ajit Mishra of Religare Broking advocates a measured long bias, favoring defensive sectors like pharmaceuticals and select consumption plays benefiting from GST reforms.
