Indian equities are expected to open on a flat note today, as investors turn their attention to a series of earnings reports from key market heavyweights including SBI, Bharti Airtel, Britannia, ITC, Hero MotoCorp, Trent and more. After a volatile session yesterday, market participants will be closely monitoring corporate performance to gauge the trajectory of the broader indices.
Global Market Cues
Asian markets opened positively, buoyed by supportive cues from Western peers. U.S. equity index futures are trading with marginal gains, as investors remain focused on ongoing trade and tariff developments. However, a slew of major technology earnings in the U.S. offered mixed signals, contributing to cautious sentiment across global markets. European markets ended flat in the previous session, reflecting uncertainty over macroeconomic data and geopolitical factors.
Sectors to Watch
On the domestic front, selective financial stocks are likely to remain in focus, particularly in anticipation of earnings from banking majors and NBFCs. The technology sector will also be under the spotlight, following mixed cues from U.S. tech earnings. Additionally, engineering stocks could see movement amid expectations of robust infrastructure spending and project execution updates.
Pre-Open Market Indicators
- GIFT Nifty is trading at 23,805, up by 32 points or 0.13%, indicating a muted but slightly positive start for Indian equities.
Technical Outlook
- Nifty Near Future:
- Support levels are placed at 23,692 and 23,570.
- Resistance levels are at 23,904 and 23,958.
- Bank Nifty Near Future:
- Support levels are at 50,290 and 49,995.
- Resistance levels are seen at 50,740 and 50,901.
With earnings season in full swing, market participants are expected to adopt a stock-specific approach, particularly in sectors like financials, technology, and engineering. The broader market may see range-bound trading, influenced by both global trends and domestic corporate results. Volatility could rise in the latter half of the session as investors digest earnings data and adjust their positions accordingly.
