{
  "id": 12519477,
  "title": "Indian stock markets likely to open flat despite positive global cues",
  "url": "https://urgent.news/2026/10/07/indian-stock-markets-likely-to-open-flat-despite-positive-global-cues",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T01:51:22.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/indian-stock-markets-likely-to-open-flat-despite-positive-global-cues/article71554104.ece"
  },
  "original_language": "en",
  "account": "Indian equities are poised to open flat on Wednesday, despite positive global cues. The Nifty futures are trading at 22,800, while the GIFT Nifty stands at 22,740, indicating a flat-to-negative opening. Enrich Money CEO Ponmudi R stated that Indian equities are likely to continue their recovery, buoyed by improving global sentiment and a positive close across U.S. markets overnight. However, the recovery remains sensitive to shifts in the global macroeconomic and geopolitical environment, as geopolitical risks remain elevated. Oil prices have rebounded moderately from recent lows, with WTI crude trading near $90 a barrel and Brent above $100. Rising yields in the U.S., Japan, and the UK, coupled with declining participation from foreign central bank buyers and large debt-funded capex for AI buildout, are concerns for India's inflation and external balances. Jefferies' Indian equity outlook suggests that large-cap stocks may have better relative valuations compared to mid-caps, but the earnings growth gap is narrowing over FY26-28E. Weaker rate sensitivities, such as NBFCs and real estate, have been trimmed, while large-cap stocks like Reliance and Kotak Mahindra Bank are given weight.",
  "summary": "GIFT Nifty and Nifty futures point to a cautious start as investors assess inflation, crude prices and the global macroeconomic environment",
  "key_points": [
    "Indian equities to open flat despite positive global cues",
    "Nifty futures at 22,800, GIFT Nifty at 22,740",
    "Recovery sensitive to global macroeconomic and geopolitical risks"
  ],
  "editors_take": "Indian equities' recovery, buoyed by improving global sentiment, remains sensitive to shifts in the global macroeconomic and geopolitical environment, posing concerns for India's inflation and external balances.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}