Indian equity markets are set to open flat on Tuesday, with the GIFT Nifty futures index trading around 24,130.
The forward indicator suggests a cautious start for the Sensex and Nifty 50, as traders digest Monday’s modest gains and await fresh catalysts to drive further momentum.
The pause in buying interest follows a session where Indian equities benefited from a dual tailwind: falling crude oil prices and emerging optimism surrounding diplomatic efforts between the United States and Iran.
Brent crude had slipped earlier in the week, easing inflationary pressures on India, one of the world’s largest oil importers.
However, with no new macroeconomic data or geopolitical developments to spur immediate action, analysts expect a phase of consolidation.
Market participants are closely watching the Strait of Hormuz for any signs of renewed shipping disruptions, which could quickly reverse the recent calm in energy markets.