Indian benchmark indices are expected to witness a muted opening as easing U.S. inflation has improved global risk sentiment. However, the optimism is being balanced by fresh geopolitical tensions in the Middle East, where renewed military action has pushed crude oil prices higher. Investors are expected to remain cautious ahead of more corporate earnings announcements.
The previous trading session saw the Sensex and Nifty end lower as banking and financial stocks witnessed selling pressure. Analysts believe upcoming earnings, crude oil movements and foreign institutional investor (FII) activity will largely determine market direction over the coming sessions.
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