Domestic markets are expected to open on flat note with a downward bias on Tuesday, amid mixed global cues. Analysts expect profit taking to continue at domestic market, due to stiff valuation. Geopolitical meetsSGX Nifty at 18,800 indicates a marginal decline at open, as Nifty June futures on Monday closed at 18840 on the NSE. With foreign portfolio investors also resorting to profit-taking, analysts expect the market may face pressure on every rise. Although India’s macroeconomic indicators seem to be on the right path, global headwinds would fuel bouts of selling at regular intervals.”

Source: The Hindu June 20, 2023 15:08 UTC