18 December 2025 Punjab Khabarnama Bureau : Indian equity markets are likely to open on a cautious note today as GIFT Nifty slipped nearly 30 points in early trade, signalling a mildly negative start for benchmark indices. The subdued indication reflects a mix of global uncertainty, cautious investor positioning, and profit booking at higher levels after recent market movements.
Market participants are expected to remain selective during the session, with sentiment influenced by global cues, foreign fund activity, and technical levels. While the decline in GIFT Nifty is modest, analysts say it suggests hesitation rather than outright bearishness, especially after recent volatility.
Global markets continue to send mixed signals. Asian equities traded unevenly as investors assessed concerns related to global economic growth, inflation trends, and the future trajectory of interest rates. Overnight, US markets ended largely range-bound, with investors refraining from aggressive bets amid mixed economic indicators and central bank commentary. The absence of strong global triggers may keep Indian markets confined to a narrow range in early trade.
Crude oil prices remain an important factor for domestic markets, particularly from an inflation and fiscal standpoint. Any sharp movement in oil prices could influence sentiment, especially in energy and transport-related stocks. At the same time, the US dollar index and bond yields are being closely monitored, as fluctuations in these indicators often impact foreign portfolio flows into emerging markets such as India.
Foreign Institutional Investors have shown cautious behaviour in recent sessions, alternating between buying and selling depending on global risk appetite. Domestic Institutional Investors, meanwhile, have continued to provide intermittent support, helping the market absorb selling pressure. Analysts believe that sustained domestic inflows could help limit downside risks even if foreign investors remain cautious in the near term.
From a technical perspective, experts say the Nifty 50 will need to hold key support zones to avoid further weakness. A stable performance above crucial levels could allow the index to consolidate, while a decisive break below support may trigger short-term selling pressure. Resistance levels remain near recent highs, and any upside is likely to face selling unless backed by strong volumes.
Sector-wise, banking and financial stocks are expected to remain in focus due to their heavy weight in benchmark indices. IT stocks may see movement based on global technology cues and currency trends, while metal stocks could react to developments in global demand outlook. Defensive sectors such as FMCG and pharmaceuticals may attract selective interest as investors seek stability amid uncertain market conditions.
Market experts advise traders to remain cautious during early volatility and avoid aggressive positions. With global cues lacking clarity, stock-specific action is expected to dominate the session. Investors with a long-term perspective are advised to stay disciplined and avoid reacting to short-term fluctuations, as India’s structural growth story remains intact.
Key developments during the day, including global economic data releases and corporate announcements, may influence intraday sentiment. Any unexpected news flow could result in sharp but short-lived movements.
Overall, with GIFT Nifty indicating a weak start, Indian markets are likely to begin the session on a cautious note. However, strong domestic participation and supportive technical levels could help the benchmarks stabilise as the day progresses. Investors and traders alike are advised to remain vigilant and focus on risk management amid ongoing market volatility.
Summary
GIFT Nifty’s 30-point decline signals a cautious opening for Indian markets today as investors track global cues, foreign fund activity, and key technical levels amid ongoing market volatility.