Mumbai, June 24: Indian equity markets are expected to open on a cautious note on Wednesday, with Gift Nifty trading at 23,797, up 13 points or 0.05%, indicating a largely flat start for benchmark indices.
In the commodities segment, precious metals and crude oil were trading lower in early trade. MCX Gold declined by 1,928 points to 1,44,601, while MCX Silver fell 1,936 points to 2,23,898. MCX Crude Oil was also lower by 59 points at 6,905.
Meanwhile, the Dollar-Rupee pair was quoted at 94.88, up 0.15%, reflecting continued strength in the US dollar against the Indian currency.
Global cues remained mixed, with investors closely tracking developments in commodity markets, currency movements, and geopolitical factors that could influence risk sentiment.
Market participants are expected to focus on sector-specific opportunities and global trends as trading resumes, while fluctuations in crude oil prices and currency markets may continue to influence investor sentiment during the session.
Disclaimer: Market indicators such as Gift Nifty and commodity prices are subject to change and do not guarantee market performance after opening.
