Indian equity markets are poised for a flat opening on Thursday, with the Gift Nifty futures indicating little change as global cues remain positive. Analysts attribute the muted sentiment to a wait-and-see approach among investors ahead of key economic data releases.
The Gift Nifty, which trades on the NSE International Exchange in GIFT City, was last seen trading around 22,400, suggesting a neutral start for the benchmark Nifty 50 index. This comes as major global indices, including the S&P 500 and Dow Jones, closed higher in the previous session.
‘Global markets are showing resilience despite lingering concerns about inflation and interest rates,’ said a Mumbai-based market analyst who requested anonymity. ‘However, Indian investors appear cautious ahead of domestic inflation figures and the RBI’s policy meeting next week.’
Market participants note that foreign institutional investors have been net buyers in Indian equities for three consecutive sessions, providing some support to the market. The rupee’s relative stability against the dollar has also helped maintain investor confidence.
Looking ahead, traders will monitor US jobless claims data and comments from Federal Reserve officials for further direction. Any significant deviation from expectations could trigger volatility across global markets, including India.