Indian equities are expected to start positively today, with Gift Nifty signalling a strong opening, supported by optimistic signals from U.S. markets, which closed at a record high yesterday. FII derivatives data, especially in index options, show a net bullish stance, indicating potential for further upside.

"For Nifty, the immediate resistance is seen at 25,150. A breakout above this level could propel the index towards 25,250. On the downside, support lies at 24,800, followed by 24,700, with strong support at 24,600–24,650, where the 100-day EMA is placed. RSI (14) at 57.79 has crossed above its SMA (14), suggesting mild bullish momentum in the near term," said Hariprasad K, SEBI-registered Research Analyst and Founder - Livelong Wealth.

Institutional flows persist in their usual pattern, with FIIs remaining net sellers at ₹2,796.11 crore, while DIIs provided strong buying support worth ₹4,263.66 crore, cushioning the market.

Ponmudi R, CEO of Enrich Money, a SEBI-registered online trading and wealth tech firm, said, "Market sentiment is being bolstered by positive global cues, expectations of imminent U.S. rate cuts, and optimism over potential progress in U.S.–India trade talks. Domestically, structural drivers such as GST and tax reforms, alongside steady domestic institutional flows, continue to underpin resilience."

Infosys will be in sharp focus today after announcing its largest-ever share buyback of ₹18,000 crore via the tender route, at a price of ₹1,800 per share, nearly a 19% premium to the current market price. "This move signals strong confidence in long-term growth prospects and shareholder value creation. The massive buyback offer announced by Infosys is expected to create a positive outlook for other IT stocks as well," said Hariprasad K.

Moreover, SEBI’s board meeting today is likely to cover crucial regulatory reforms, such as relaxing IPO norms for large companies, extending the deadline for minimum public shareholding compliance, streamlining FPI regulations, and possible changes to derivatives.

According to analysts, risks persist in the form of profit-taking at higher levels, foreign fund outflows, and macroeconomic pressures, including a weakening rupee. Nevertheless, the broader global uptrend, supported by rising key indices worldwide, maintains a strongly bullish outlook.

"Nifty 50, after two sessions of consolidation around the 25,000 mark, has resumed its upward trend. The Bank Nifty is approaching a critical resistance at 54,950 within a descending broadening wedge formation," said Ponmudi R.

Taking global markets views, the Dow Jones Industrial Average rose by 617 points, or 1.36%, to 46,108, while the S&P 500 increased by 0.85% to 6,587. The Nasdaq Composite gained 0.72% to 22,043. All three major indices reached new intraday all-time highs during trading and closed at record levels.