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HinduBusinessLine

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Flat opening seen for Nifty, Sensex amid weak global cues

  • Focus in the market is expected to shift towards domestic earnings and economic data amidst no major global or domestic events scheduled.
  • FIIs turned buyers in April and increased buying in May, expecting a resilient market in India due to improved investment scenario and macroeconomic factors.
  • Asian stocks are moderately down on Monday despite strong Wall Street closing on Friday, while technical experts expect current bullish trend to continue.
  • Market has transitioned into a 'buy on dips' mode with Nifty surpassing key resistance levels, anticipating a move towards 25,800–26,000 zone with crucial support at 24,500–24,300 levels.

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