Indian equities are likely to open on a flat to negative note on Monday, tracking weak cues from global peers amid lingering geopolitical and tariff-related concerns. Market participants are expected to keep a close watch on global momentum and sector-specific trends as the session progresses.
Asian markets are trading mixed, weighed down by cautious sentiment due to recent tariff actions and geopolitical developments. Chinese markets remain shut today on account of the Dragon Boat Festival holiday, which may further limit regional trading activity. Meanwhile, U.S. stock index futures are trading lower after President Donald Trump over the weekend raised tariffs on steel, signalling that trade levies would remain in place for the foreseeable future.
Back home, key sectors to watch today include FMCG and downstream oil stocks, which could witness heightened activity. On the other hand, metal and healthcare stocks are expected to exhibit resistance during the session.
At 8:00 am, the GIFT Nifty stood at 24,851.0, down 20 points or 0.08%, indicating a subdued start for benchmark indices.
Traders are likely to adopt a cautious approach in early trade, with global headlines and intra-sector rotations guiding market direction through the day.
