Indian Markets Open Flat Amid Low Participation Ahead of May Day

Indian equity markets are expected to open flat amid mixed global cues and sustained caution among investors, following strong gains in the previous session. Analysts highlight that while easing global trade tensions and robust corporate earnings, especially from Reliance Industries, have supported recent rallies, concerns about the impact of U.S. tariffs and uncertain global growth persist. Volatility remains elevated, as indicated by a rising India VIX and a drop in the Put-Call Ratio, signaling a tilt toward caution. Technical indicators suggest that unless the Nifty 50 breaks decisively above the 24,350 resistance zone, consolidation could continue, with key support seen around 24,000. Globally, European equities remain resilient, but U.S. futures are under pressure and Asian markets are trading cautiously amid ongoing trade negotiations and mixed economic signals. Investors are closely monitoring upcoming corporate earnings, key economic data, and policy developments in China and the U.S. to gauge future market direction.