Gift Nifty signals flat opening for Sensex, Nifty, despite strong Asian markets
Gift Nifty at 24,150 suggests a flat opening for Indian stocks, despite strong performance in Asian markets. Investors are cautious due to geopolitical tensions in West Asia, high crude oil prices, and ongoing foreign portfolio investor selling, leading to a subdued market sentiment. Analysts expect continued sideways movement as investors focus on fundamentally strong companies amid volatility in crude oil and capital flows.