After two straight days of gains, India's stock market is set to open almost unchanged, with traders expecting a quiet session.
Market outlook
The Gift Nifty futures are around 26,260 points, suggesting the Nifty 50 will start close to Monday’s finish of 26,172.4.
Trading volumes and foreign activity
Foreign portfolio investors sold about ₹4.57 billion of Indian shares on Monday, ending a three‑day buying streak. Meanwhile, cash market turnover fell 21.5% to ₹974.58 billion, roughly 7% below November’s average daily volume.
Global context
Trading tends to slow toward the end of the year as investors focus on holidays in the U.S. and Europe. Asian markets and precious metals are up, and an early U.S. GDP reading is expected later today.
Stocks to watch
- HCLTech plans to buy Jaspersoft from Cloud Software Group for $240 million.
- NSE will remove futures and options contracts on Indian Railway Catering and Tourism Corp from Feb 25.
- Antony Waste Handling Cell secured a ₹3.29 billion contract with Thane Municipal Corporation.
Takeaway for retail investors
With limited new catalysts and thinner volumes, expect modest price moves today. Keep an eye on any surprise from the upcoming U.S. data and the specific stocks highlighted above.
Remember, this is my perspective, not a prediction. Do your own research before making any investment decisions.