Indian shares poised to open flat as investors await heavyweight earnings
AI Market Summary
Indian equities are set to open flat as investors await after-hours earnings from index heavyweights, which could drive the next move amid a month-long consolidation range. Meanwhile, Brent crude is near one-month highs after renewed U.S.-Iran clashes, adding an inflation and margin headwind for oil-importing economies. Foreign flows remain a drag with notable net selling, partly offset by domestic institutional buying.
Impact level
● Medium
Affected assets
NCCO1OILBRENT2USD/USDT+3.58%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
● Neutral
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Indian equities are expected to open little changed on Friday as investors await earnings from several index heavyweights due after market hours. Brent crude climbed 1.3% to $85.30 a barrel after the United States and Iran stepped up attacks across the Gulf. The Nifty 50 has been range-bound between 23,800 and 24,600, holding above its 20-day exponential moving average but repeatedly facing resistance near 24,200. Foreign investors were net sellers of $436.6 million in Indian stocks, while domestic institutions posted net purchases of $308.6 million.
