Indian markets expected to open marginally lower as earnings season concludes. Nifty 50 companies reported solid 7.5% year-on-year profit growth in Q3, with broader BSE 500 index showing 16% increase despite labor code challenges. Tech sector remains cautious, awaiting clarity from ongoing AI Impact Summit. Foreign portfolio investors sold stocks worth 972 crore rupees, while domestic institutional investors purchased 1,667 crore rupees worth of shares. Market sentiment suggests a sideways movement with slight positive bias. Investors are closely monitoring potential impacts of AI on IT sector performance and upcoming technology-focused investor meetings. Brent crude futures remain steady ahead of potential US-Iran diplomatic discussions, which could influence global oil price dynamics. Overall market outlook indicates a consolidation phase following recent volatility.
