Indian shares expected to open flat due to global uncertainties and cautious market sentiment

From Nasdaq.: 2024-12-29 21:31:17

Indian shares are expected to open flat to slightly lower after U.S. equities fell on Friday, especially in the technology sector. Asian markets were mixed, with global uncertainties and caution ahead of the year-end holiday season. Key factors this week include monthly auto sales, PMI data, FII flows, currency movements, Q3 earnings season, and the upcoming Union Budget for 2025-26. Economists predict the budget will focus on reforms to boost consumption, manufacturing, and employment. Last week, the BSE Sensex rose 0.84 percent, while the Nifty index gained 0.95 percent. In the U.S., stocks fell on Friday due to rising Treasury yields, with the Dow snapping a five-session winning streak. European stocks closed higher on Friday, with the STOXX 600 gaining 0.7 percent, driven by positive sentiment in the banking sector. The German DAX, France’s CAC 40, and the U.K.’s FTSE 100 also saw gains.



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