Indian indices were flat, with the Nifty 50 and Sensex unchanged, as traders weighed higher crude prices and rising US Treasury yields.
Shiv Diwan of Nuvama Institutional Equities said the market is stuck in a wait‑and‑watch phase, citing weak FPI inflows as the main drag.
Industrial automation, railways, defence and precision engineering sectors are highlighted as ones with strong earnings visibility, according to Diwan.
Valuations remain supportive of earnings growth, but the lack of FPI inflows keeps the market cautious, with analysts noting that the flat trend could persist into the next earnings season.
Analysts expect the market to stay flat until clearer signals from FPI participation or geopolitical developments emerge, with the next earnings window offering a potential catalyst.