Indian benchmark indices are poised for a muted start on Monday as global risk appetite remains subdued amid renewed escalation in the US-Iran conflict.
The Gift Nifty, a key indicator for Indian market sentiment, was trading around the 24,089 level, reflecting a discount of nearly 13 points against Nifty futures.
This pricing suggests traders are entering the session with caution, prioritizing capital preservation over aggressive positioning.
The cautious tone follows a one-day trading suspension on Thursday, June 26, when the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) were closed in observance of the Muharram holiday.
With markets resuming after this break, investors are digesting the geopolitical developments that unfolded over the weekend, which have kept global equities under pressure.
The discount in the Gift Nifty indicates that the negative sentiment from international markets is likely to spill over into Indian equities at the open.