“Cautious Optimism: Buy on Dips, But Respect Global Risk-Off.”

Market Outlook The market may open with a slightly cautious, range-bound to downside bias, as GIFT Nifty is flat-to-negative and Asian markets are in a risk-off mode, with noticeable profit-booking in technology stocks. In the short term, dip-buying support may emerge in PSU banks and select large-caps, but global cues and multiple events could keep intraday volatility elevated. Global Market Mood US indices closed in the red overnight — S&P 500 (-1.16%), Nasdaq (-1.81%), and Dow (-0.47%) — led by heavy selling in technology stocks. Asian markets are also trading lower, with Nikkei, Kospi, and Hang Seng under pressure. Investors are cautious ahead of Trump’s address, BoE/ECB policy decisions, and US inflation & jobless claims data, keeping overall sentiment firmly risk-off. Stocks / Sectors to Watch Today PSU Banks (

SBI, Canara Bank, Bank of Baroda, others): The PSU Bank index has been outperforming; SBI and Canara Bank gained around 2% even in a weak market. Momentum may continue if bond yields soften and fund flows remain supportive. Oil & Energy Stocks: Crude prices are up 2–3% after reports related to Trump’s Venezuela blockade stance. This may pressure OMCs, while upstream and select energy stocks could see a positive bias.