Markets to open flat amidst mixed cues; Adani Enterprises, Zydus shares in focus

Indian equities are poised for a muted start with a negative bias, tracking subdued cues from the Gift Nifty futures index. At 8:20 a.m., the Gift Nifty index was down 14 points, or 0.06%, at 25,153.50.

On the global front, U.S. markets closed on a positive note. The Nasdaq gained 0.94% to hit a new high of 22,348.75, while the S&P 500 advanced 0.47%. The Dow Jones Industrial Average rose 0.11% to close at 45,883.45. The Nasdaq logged its ninth consecutive day of gains, marking its longest winning streak in 2025.

Asian markets, however, traded mixed. Japan’s Nikkei 225 was up 0.28% higher, while Singapore’s Straits Times slipped 0.16%. The Shanghai Composite fell 0.21%, whereas South Korea’s KOSPI rallied 1.26%.

Global markets reflected cautious sentiment amid ongoing U.S.-China trade talks. U.S. President Donald Trump, in a Truth Social post, said the meeting in Madrid went “very well” and that he would meet Chinese President Xi Jinping on Friday to finalise the deal. He also hinted at a resolution on TikTok’s ownership and reaffirmed that U.S.–China relations remain strong.

Investors are also awaiting the U.S. Federal Reserve’s interest rate decision, which will be out on Wednesday.

Meanwhile, Brent crude and U.S. crude extended their rally, rising 0.24% and 0.29%, respectively, as geopolitical tensions between Russia and Ukraine escalated.

On the flows front, foreign institutional investors (FIIs) and foreign portfolio investors (FPIs) net sold shares worth ₹1,268.59 crore, while domestic institutional investors (DIIs) purchased shares worth ₹1,933.33 crore on Monday.

Domestically, markets ended slightly lower in the previous session. The Sensex slipped 118.96 points, or 0.15%, to 81,785.74, while the Nifty 50 fell 44.80 points, or 0.18%, to 25,069.20, closing below the 25,100 mark. Investors are expected to remain cautious today, tracking global cues.

Stocks in focus today:

Adani Enterprises: The company has got a Letter of Award (LoA) from the National Highways Logistics Management (NHLML) to build the ropeway project, with an investment of Rs 4,081 crore to connect Sonprayag with Kedarnath. 

Zydus Lifesciences: ZyVet Animal Health, a wholly owned subsidiary of Zydus Pharmaceuticals (USA) Inc., has launched new drugs for managing urinary incontinence in dogs, and congestive heart failure and chronic fluid retention in dogs and cats.

NTPC Green Energy: The PSU has commenced commercial operations in Gujarat with a 25 MW solar power project.

IndusInd Bank: The private lender has partnered with CRED to launch its first co-branded RuPay credit card, along with a new rewards program covering merchant tie-ups, flights, hotels, and CRED offerings.