The Indian stock market is expected to start off on a soft note on Tuesday, influenced by a mixed global market scenario. Asian markets were down, with Japanese shares falling, as investors awaited the Bank of Japan’s monetary policy decisions. The yen was steady ahead of the pivotal meeting that could signal a shift away from ultra-easy monetary policy.
The Gift Nifty futures were flat, indicating a muted start for the Indian market. The Nifty 50 closed slightly higher on Monday, and investors are now awaiting interest rate decisions and commentary from central banks globally.
In the US, stock indices closed higher on Monday, driven by large-cap growth stocks. Investors are also looking ahead to the US Federal Reserve’s policy decision later this week for insights on interest rates.
Overall, the markets are expected to undergo consolidation in the coming days, with the broader market likely to remain muted. The focus will be on central bank meetings and any policy changes that could impact market sentiment.
