Indian benchmark indices, Sensex and Nifty 50, are likely to open on a subdued note on Friday, June 19, amid mixed signals from global markets. Asian equities traded in a mixed range, while Wall Street closed higher overnight, led by a sharp rally in technology stocks.
Key factors influencing the market include ongoing US-Iran nuclear deal negotiations, which could impact crude oil prices. Accenture's quarterly earnings, released after US markets closed, are also being watched for cues on global IT spending.
Crude oil prices remained volatile as traders assessed the potential for increased supply from Iran if a deal is reached. Meanwhile, foreign portfolio investors (FPIs) continued their selling streak in Indian equities, adding to domestic pressure.
Among stocks to watch, analysts recommend buying 8 stocks including Reliance Industries, HDFC Bank, and Infosys, citing strong fundamentals and recent corrections. However, investors are advised to remain cautious given the uncertain global environment.
The Indian rupee is expected to open flat against the US dollar, tracking mixed Asian currencies. Bond yields are likely to remain range-bound ahead of the weekly auction.
