Domestic markets are likely to open marginally lower on Tuesday, amid mixed global cues. Gift Nifty at 26,160 against the Nifty futures value of 25,180 indicates a loss of 20 points for Nifty at the open. Analysts expect the market to move in a range, with stock and sector-specific action.
Ponmudi R, CEO of Enrich Money, said: Indian equities are set for a steady yet cautious start, with some mild profit-taking likely after the recent strong rally. “The broader undertone, however, remains positive, supported by robust consumption trends during the ongoing festive season — particularly in the auto and consumer durables segments. Recent GST rate cuts and the RBI’s growth-supportive measures continue to uplift the overall market sentiment, he said.
Also read: These eight stocks including B