D-Street poised for positive start as GIFT Nifty signals gains

The Indian stock market is expected to open on a positive note, according to the GIFT Nifty, a technical indicator that signals potential gains. This comes as the benchmark Nifty index experienced a slight decline after a brief recovery from a significant low. The market's performance may remain limited by the upcoming US Federal Reserve policy decision, which could impact investor sentiment and market direction. The rupee's weakness against the US dollar also poses a challenge for Indian equities.

Why it matters

Indian equities may remain range-bound, but the GIFT Nifty signals gains. Analysts believe this could lead to a positive start for the market.

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