Global Cues: Indian Markets Brace for Flat to Positive Start Today

• Indian benchmark indices (Sensex, Nifty) likely to open flat with a positive bias on December 29, guided by GIFT Nifty.
• Asian equities reached six-week highs, while the dollar weakened on US Fed rate cut expectations, boosting precious metals.
• US stock indexes closed nominally lower post-Christmas, ending a five-session rally but logging weekly gains.
• Crude oil prices traded higher, while gold experienced volatility after an initial jump.
• FIIs offloaded Rs 317 crore, and DIIs bought Rs 1772 crore in Indian equities on December 26.

Why It Matters: Indian markets anticipate a flat to positive opening, influenced by mixed global market trends.