Whalesbook
Indian stock markets are poised for a flat to negative opening as global markets traded lower. Investors are closely monitoring US economic data for clues on potential Federal Reserve interest rate cuts in December. Rising US bond yields, high valuations in tech stocks, and persistent inflation are contributing to cautious investor sentiment worldwide. Despite a recent winning streak, Indian indices may experience mild selling pressure at the open. Foreign institutional investors and domestic institutional investors were net buyers in the Indian equity market. Several companies also released updates, including Mphasis clarifying stake rumors, Nuvoco Vistas' acquisition agreement, Bharti Airtel's rating upgrade, and the commencement date for Navi Mumbai International Airport.