Sensex, Nifty Set for Weak Opening as Crude and Global Sell-Off Weigh on Sentiment

Indian benchmark indices are expected to open on a cautious note today after a sell-off in global markets. GIFT Nifty was indicating a negative opening, while rising crude prices and uncertainty over the US-Iran conflict are keeping investors defensive. The previous session saw the Sensex and Nifty close lower, with the Nifty settling below the 24,300 mark.

Market participants are likely to focus on global bond yields, foreign fund flows, crude prices and the continuing Q1 FY27 earnings season. IT stocks could remain under pressure following weakness in global technology shares, while stock-specific activity is expected to remain high.