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Nifty set for positive open as IT strength offsets global jitters
Pre-open cues point to a firmer start for Indian equities, led by IT and banks; Nifty resistance 25,400–25,550.
Indian benchmarks are poised for a firmer start on Monday, with pre-open cues hinting at gains led by large-cap IT and select banks. Traders cite supportive domestic flows and stable U.S. yields as near-term tailwinds despite global volatility. Technical analysts flag resistance near 25,400–25,550 on Nifty and advise buying on dips if breadth remains strong. Sector rotation into autos and metals is also on watch as earnings season gathers pace. (Economic Times)