Firm opening seen for Nifty, Sensex despite CAS confusion
Domestic markets are set for a firm opening, with GIFT Nifty indicating a gap-up at 24,729, despite confusion over closing prices from the recent CAS. Investor confidence is bolstered by improving global risk sentiment and a decline in crude oil prices, with WTI crude stabilizing around $75 a barrel. Market participants are awaiting the Reserve Bank of India's monetary policy outcome, which is expected to maintain the repo rate at 5.25% amid rising inflation concerns.