Indian markets are set for a soft opening on Tuesday, with GIFT Nifty trading nearly 60 points lower, signalling a negative start for the Nifty 50. This comes a day after the benchmark index reclaimed the 26,000 mark, closing at the day’s high and extending its six-day winning streak.
The market will react to multiple global and domestic triggers today. Overnight, Wall Street slipped ahead of Nvidia’s earnings and the upcoming US jobs data. Comments by White House Economic Adviser Kevin Hassett, who termed US-India ties “complicated” yet expressed optimism about a possible deal, also remain in focus.
Meanwhile, with earnings season wrapped up, block deals are back. Heavyweights such as Paytm, Mphasis and Emcure Pharma may witness deals worth nearly ₹7,000 crore, potentially swaying market sentiment in early trade.
On the technical front, analysts see 25,850–25,900 as immediate support for the Nifty, while Bank Nifty must hold above 59,000 to attempt a move toward 60,000.
In commodities, oil prices steadied, with WTI slipping below $60 as traders weighed rising global surplus against tighter US sanctions on Russian energy majors.
The September-quarter earnings review showed sector-wide improvement, driven by early festive demand. However, analysts maintain that the sustainability of GST-led consumption will be a key determinant for FY26 earnings momentum.
Stocks to watch today: Paytm, Emcure Pharma, JSW Energy, WPIL, Tata Power, HCLTech, Infosys, and JSW Infrastructure.
