Indian equity benchmarks are poised for a flat opening on Tuesday, as investors weigh the positive implications of the emerging US-Iran peace deal against mixed signals from global markets.
The Gift Nifty, a key forward indicator for the Indian market, is trading around the 24,149 level, reflecting a premium of nearly 26 points from the previous close of Nifty futures.
This modest upside suggests a cautious but stable sentiment among domestic traders.
The muted start comes as market participants digest the latest developments in diplomatic talks between Washington and Tehran.
While the prospect of a 60-day de-escalation roadmap has helped ease geopolitical risk premiums, particularly in energy markets, the broader global reaction remains uneven.
Investors appear hesitant to commit to aggressive positioning until the details of the agreement are more concrete.