Indian equities enter the day on a cautiously optimistic note. Following Monday’s rebound—where the Nifty 50 surged about 0.9%, reclaiming its 100-DMA at 24,585, and the Sensex jumped nearly 0.93% to around 80,604—market sentiment has gained some footing from renewed domestic and global optimism. Early indications from futures markets suggest a more muted start: Gift Nifty futures are hovering near Monday’s close, signaling caution. At the opening bell, Nifty slipped slightly below 24,600, while the Sensex traded just above 80,500—both reflecting a balanced stance between upside potential and downside restraint. Fundamentally, investors are watching July’s retail inflation—which is expected to dip to historic lows—alongside key U.S. inflation data that could sway global interest-rate projections. Domestically, earnings momentum from major players such as SBI and Tata Motors continues to bolster sentiment, even as analysts highlight technical resistance zones just above current levels. In short, Monday’s buying momentum carries forward subtly into today, but markets remain alert—waiting on fresh economic data to steer further positional shifts.

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