Nifty, Sensex Outlook for March 28th
Nifty, Sensex Today: What to expect from Indian stock market
The Indian stock market is expected to open flat with a positive bias on Tuesday, following mixed global cues. SGX Nifty hinted at a muted start for domestic indices.
On Monday, the domestic benchmark indices snapped their three-day losing streak and ended higher, aided by gains in banking and IT stocks. The Sensex ended 159 points higher at 57,960, while Nifty climbed 61 points to settle at 17,080.
Analysts said that the overall structure of the market remains positive, with support at 16,800 for Nifty. They expect the index to trade in a range of 16,900-17,200 in the near term.
Among individual stocks, shares of Reliance Industries will be in focus as the company's 46th annual general meeting (AGM) is scheduled for today.
Global markets were mixed overnight, with US stocks ending lower while Asian markets showed a mixed trend. The US dollar index held steady, while crude oil prices edged higher.
Analysts will be closely watching key economic data releases this week, including the US GDP growth rate for the first quarter and India's manufacturing PMI data.
