Indian markets kicked off the session in the green, though price action remains confined within a tight band. Traders are exercising restraint as the weekly Sensex expiry approaches, typically a catalyst for intraday swings.
Market experts remain cautiously optimistic, suggesting that the indices are likely to maintain current support levels. There is anticipation that a technical rebound could push valuations toward higher resistance zones if momentum holds.
Institutional behavior remains a key point of divergence. While foreign portfolio investors have continued to offload local equities, domestic institutional buyers are providing a necessary buffer against the sell-off.
The macroeconomic backdrop remains challenging, with the rupee extending its losing streak against the US dollar for a fourth consecutive day. This sustained weakness in currency continues to be a focal point for institutional risk management strategies.
