Indian equity benchmarks are expected to open flat on Tuesday, with the GIFT Nifty futures index hovering around the 24,130 level.
The forward indicator suggests a cautious start for the Sensex and Nifty 50, trading at a slight premium to Nifty futures as investors digest mixed global cues.
The muted outlook contrasts with Monday's session, when Indian markets rallied on hopes of a US-Iran peace deal.
The Nifty 50 rose 0.44% and the Sensex added 360.85 points to close at 77,163.75, driven by a shift in sentiment as geopolitical risks appeared to ease.
However, that optimism has cooled overnight, with traders now weighing the durability of the diplomatic progress against broader market uncertainty.
The GIFT Nifty's flat positioning indicates that the initial relief rally has lost momentum.