Indian equity benchmarks Sensex and Nifty 50 are expected to see a muted start to trade on December 16, tracking weak global cues and continued uncertainty around key US economic data. With no major domestic triggers lined up, market sentiment is likely to remain cautious, with investors closely monitoring global macro developments.
GIFT Nifty Signals Soft Opening
Early indicators point to a subdued opening for Indian markets. At around 7:45 am, GIFT Nifty was trading near 26,033, down nearly 60 points or 0.2 percent, suggesting that the Nifty 50 may open in the red.
Global Markets Weigh on Sentiment
Overnight, Wall Street ended marginally lower as investors positioned themselves ahead of an important week packed with economic data. Markets also assessed developments related to potential Federal Reserve leadership changes and recent policy commentary for signals on the future direction of US interest rates.
Following the US FedтАЩs recent rate cut, attention has now shifted to the delayed November US jobs report, scheduled for release on Tuesday. The data is expected to indicate a cooling labour market and will also include revised October payroll numbers, which were postponed earlier due to the federal shutdown.
Adding to the caution, the US Consumer Price Index (CPI) data, due later this week, will be another critical trigger influencing global markets and risk appetite.
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