Indian equity benchmarks are expected to open flat on Monday, with the pre-market indicator Gift Nifty trading at a slight discount to Friday’s close.
The futures contract hovered around the 24,346 level, down approximately six points from the previous session’s settlement, signaling a lack of directional conviction among early traders.
The muted pre-market activity reflects a weekend of mixed signals from global markets.
While US stock futures pointed higher, Asian equities traded in a narrow range, failing to provide a clear catalyst for Indian investors.
The absence of a strong external driver has kept sentiment neutral ahead of the cash market open.
Crude oil prices and gold rates remained relatively stable over the weekend, removing potential headwinds or tailwinds for domestic sectors.