The Indian stock market is expected to open flat today, with the Gift Nifty steady at 25,240.
All eyes are on India's October inflation numbers, especially after a jump in US inflation.
Ponmudi R, CEO of Enrich Money, points out that this data matters more now because of the RBI's October rate hike and a shift toward stricter monetary policy.
Oil and US yields shape markets
Crude oil prices and US Treasury yields are shaping market vibes right now.
Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, says lower oil prices could ease some economic pressure as U.S.-Iran tensions cool off, but high US 10-year Treasury yields (hovering near 4.99%) still make things tricky for growth.
Even though global tech stocks have bounced back a bit, stubborn US inflation keeps investors cautious.
Angel One says, "Consequently, participants would be well advised to avoid chasing the ongoing momentum and instead consider initiating fresh long positions on dips toward well-defined support zones, where the risk-reward proposition is more favorable."