D-Street set for a cautious opening as GIFT Nifty signals muted start

Indian markets have seen relief over the past three sessions, driven by Brent's retreat as progress on Saudi pipeline repairs and alternative export routes eased fears of a prolonged supply disruption. Analyst say, with the Fed hike now behind us, moderating Treasury yields, crude off its highs and strong domestic liquidity, the market is likely to maintain a cautiously positive bias.STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded lower by 16 points, or 0.07 per cent, at 23,345, signaling that Dalal Street was headed for a muted start on Monday.Tech View: In the coming days, if Brent crude remains below $96, we might see a sustained uptrend in the Indian market in the short term.