Global markets are rallying on hopes of a US Fed rate cut. This is leading to a positive start for the Indian market, with Nifty futures indicating a gap-up opening.
Foreign investors: They have been selling heavily in recent months, but domestic investors have been buying.
The VIX volatility index is at a 52-week high, suggesting nervousness among investors.
Support at 22,300 and resistance at 22,550 for Nifty.
They closed higher on Monday, with the Dow Jones gaining 0.5% and the S&P 500 and Nasdaq rising over 1% each.
Nikkei and Kospi are up over 1.5% each this morning.
Several companies will be announcing their Q4 results today, including Century Textiles, Chambal Fertilisers, and Dr. Reddy's.
Finelistings Technologies IPO opens for subscription today.
Sebi has rejected NSE's proposal to extend market hours for derivatives trading.