The Indian stock market, represented by the Sensex and Nifty 50, is expected to start the day flat on Tuesday. Investors remain cautious due to mixed global cues, particularly following hawkish comments from the US Federal Reserve Chairman Jerome Powell. The Gift Nifty, a derivative index, is trading at a slight premium compared to the Nifty futures, suggesting a flat opening for the main index.
Investors will likely be watching for more clarity on inflation, interest rates, and other economic factors. Sensex up by 160 points and the Nifty around 25,850. Despite the cautious global sentiment, this uptick indicates some resilience in the Indian markets. It could be driven by domestic factors or selective buying in certain sectors.