The Indian market is expected to open with muted gains due to mixed global cues.
Nifty regained losses from Friday, closing near the day's high, with strong performances from IT and selective banks.
Major contributors to Nifty's recovery include HDFC Bank, ICICI Bank, Infosys, TCS, and Tech Mahindra.
Midcaps continued to outperform, with market breadth favoring advances.
US markets closed with minor gains; key concerns are rising US yields and crude oil prices.
GIFT Nifty indicates a start with minor gains at a record high.
Key stocks to watch include Hero MotoCorp (15.2% sales increase), TVS Motors (5% sales increase), Tata Motors (8% sales decline), and South Indian Bank (10% decline in gross advances).
Operational updates: South Indian Bank reported declines in advances and deposits, but an improvement in the CASA ratio.
Significant orders: Welspun Specialty Solutions (₹117 crores), DCX Systems (₹1,250 crores), and KPIGreen received project approvals.
IOCL received regulatory approval from China's NMPA for its product, Fenofibrate, allowing exports to China.
Market indicators suggest strong domestic flows, with foreign institutional investors adding long positions, indicating potential stock-specific actions and a focus on the Nifty Financial Services index.
