Indian markets are showing positive momentum for the August 3 trading session, with analysts eyeing a breakout for the Nifty50 index above the 24,550 resistance level.
Market sentiment is bolstered by a return of foreign institutional investors, who injected ₹20,200 crore into Indian equities in July, ending a four-month selling streak.
Traders are closely monitoring positive FCNR flows and corporate results, with the Nifty Midcap and Smallcap indices expected to hit fresh record highs.