Indian equity markets are poised for a muted start on Tuesday, as global cues turn cautious amid ongoing developments in US-Iran peace negotiations.
The Gift Nifty, a key indicator of foreign sentiment ahead of the domestic open, signals limited directional bias, suggesting traders are waiting for further clarity on the diplomatic front before committing to new positions.
This hesitation marks a shift from Monday’s session, where Indian benchmarks closed with modest gains.
That rally was driven by a decline in crude oil prices and early reports of progress in the peace talks, which helped ease concerns over geopolitical risks in the energy sector.
The current pause reflects a broader market tendency to digest positive news before extending rallies, particularly when the underlying geopolitical situation remains fluid.
The US-Iran diplomatic track continues to be a primary driver for emerging market sentiment.