Domestic markets are likely to open on a positive note even as analysts remain cautious. The SGX Nifty at 18,406 indicates another gap-up opening for domestic markets, as the Nifty futures closed at 18,345. As global investors await clear cues on the US debt ceiling, analysts expect volumes to remain low. Due to the result season, analysts expect the stock-specific action to continue. Siddhartha Khemka, Head-Retail Research, Motilal Oswal Financial Services Ltd, said Global markets were subdued as worries loom over ongoing debt ceiling negotiation.

Source: The Hindu May 11, 2023 12:47 UTC