Stock Market Update: GIFT Nifty Signals Muted Start for Indian Indices

Indian equity indices are expected to have a muted start, with GIFT Nifty trading around 25,322 ahead of the market opening. This comes as Asian markets show mixed results following a decline in US stock indices due to rising inflation concerns. Crude oil prices have seen a slight increase, with Brent Crude at $92.28 per barrel and West Texas Intermediate at $86.62 per barrel. The fluctuations in oil prices are influenced by technical factors and the ongoing situation in the Iran war. Market analysts are watching for potential profit booking after a 6% rise in Sensex and Nifty over the past five sessions. The upcoming trading day may see cautious movements as investors react to global economic indicators.