Indian equity benchmarks are set for a flat opening on Tuesday, July 28, as pre-market indicators point to limited directional bias.
The Gift Nifty, a key gauge of sentiment ahead of the domestic session, is trading near flat levels, reflecting cautious positioning among investors.
This subdued outlook follows a five-day losing streak that ended with modest gains in the previous session, suggesting that local markets are consolidating rather than reversing course.
Global cues remain weak, with risk appetite tempered by ongoing diplomatic developments.
Oil prices have dipped amid continued US-Iran peace talks, which have helped ease fears of supply disruptions in the Strait of Hormuz.
The decline in energy costs provides some relief to import-dependent economies like India, but the broader market sentiment remains cautious as traders assess the durability of the geopolitical de-escalation.