Flat opening seen amidst positive Asian markets
Gift Nifty is ruling at 22,760 with respect to Nifty futures closing of 22,774 on the NSE. Key results will anchor today’s movement
Domestic markets are expected to open flat on Tuesday as challenges persist, including high inflation, rising crude oil prices, geopolitical tensions, and elevated bond yields. Nifty opens at 22,760 against Nifty futures closing at 22,774 on the NSE. The focus will be on India Inc's September quarter earnings, with companies such as Larsen & Toubro, Maruti Suzuki India, SBI Life Insurance, Bajaj Auto, Cipla, ACC, Concord Biotech, Honeywell Automation India, and IndiaMART InterMESH expected to release their results.
Ponmudi R, CEO of Enrich Money, predicts cautious sentiment ahead of the US Federal Reserve's policy decision, with markets awaiting clues on future interest rates. A change in the Fed's outlook could impact US Treasury yields and the dollar, affecting foreign capital flows into emerging-market equities. Om Mehra, Technical Research Analyst at SAMCO Securities, suggests the Nifty is consolidating and could see a clear directional move after a few sessions.
The maximum Put Open Interest is at 22,500, while the highest Call Open Interest is at 23,000, indicating a shift toward put writers. Asian markets are trading significantly higher early Tuesday, bolstering domestic market sentiment.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
