Indian markets are expected to open on a muted-to-negative note on Tuesday as rising geopolitical tensions in the Middle East weighed on global sentiment. GIFT Nifty traded lower around the 24,035-24,040 zone after fresh US strikes in Iran triggered concerns over energy prices and inflation risks.
Global Cues Keep Markets on Edge
- Brent crude surged nearly 2% to around $98 per barrel after the US launched strikes in southern Iran, dampening hopes of a near-term peace agreement.
- Asian markets traded mixed:
- Kospi rallied nearly 3% to a fresh high.
- Nikkei and Hang Seng slipped amid geopolitical uncertainty.
- US futures remained mildly positive despite tensions, with Dow Jones and S&P 500 futures gaining over 0.6%.
Key Factors Driving Today’s Trade
1. Rising Crude Prices Back in Focus
Higher oil prices may pressure sectors dependent on fuel inputs, while upstream energy players could remain in focus.
2. F&O Expiry Volatility Expected
Analysts expect elevated volatility ahead of monthly expiry, with Nifty support seen near 23,800-23,900 and resistance around 24,300.
3. Institutional Flows Stay Positive
- FIIs bought equities worth ₹822 Cr on May 25.
- DIIs remained strong buyers with net inflows of ₹3,857 Cr.
Stocks & Sectors in Focus Today
Earnings Watch
Major companies scheduled to announce Q4 FY26 results include:
- ONGC
- Siemens
- IRCTC
- Gujarat Gas
- Senco Gold
- JK Tyre
- Marksans Pharma
- EIH
- Jubilant Ingrevia
- AIA Engineering
Key Corporate Developments
- Amara Raja Energy & Mobility posted a 94% jump in Q4 profit with revenue growth of 15%.
- Paytm announced a €9 million investment in its European subsidiary.
- CNG prices in Delhi were hiked again by ₹2/kg, taking prices to ₹83.09/kg.
Market Strategy for Investors
Despite geopolitical uncertainty, domestic liquidity and institutional buying continue to support Indian equities. However, rising crude prices and inflation concerns may trigger sector rotation and short-term volatility.
Sectors Likely to Stay in Focus:
- Oil & Gas
- Defence
- Power & Utilities
- Energy Equipment
- PSU Stocks
Pressure Could Emerge In:
- Aviation
- Paints
- Tyres
- Consumption plays dependent on crude-linked inputs
Street View
The broader trend remains constructive as long as Nifty sustains above the 23,800 support zone. Traders are likely to stay stock-specific while closely tracking:
- US-Iran developments
- Crude oil movement
- RBI rate expectations
- Q4 earnings momentum
Investors may prefer a cautious but selective approach amid rising geopolitical volatility and expiry-led swings.
