Domestic markets are likely to remain stable on Tuesday, thanks to softer crude. Gift Nifty at 24,560 indicates a positive opening, despite weak trends in Korean and Japan markets.Ponmudi R, CEO of Enrich Money, said Indian equities are expected to trade with a constructive bias, supported by favourable global cues, resilient domestic fundamentals and improving investor sentiment. “Foreign Institutional Investors (FIIs) have turned net buyers over the past two sessions, reflecting improving risk appetite as geopolitical tensions ease and weaker-than-expected U.S. labour market data reinforce expectations of a less hawkish Federal Reserve. Domestic Institutional Investors (DIIs) have also maintained steady buying, providing continued support to the market and reinforcing the positive underlying tone,” he added.Crude oil prices continue to consolidate in the $68–69 per barrel range, offering a favourable backdrop for India’s macroeconomic outlook by helping contain inflationary pressures and supporting external balances.According to analysts, the focus will now shift India Inc’s Q1 performance and outlook.On the Derivatives front, India VIX remained subdued at 11.82, indicating stable market sentiment. Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities, said: with the put-call ratio inching closer to 1.5, some near-term profit booking cannot be ruled out after the recent rally. Option chain data shows maximum Put Open Interest at the 24,400 strike followed by 24,200, reinforcing it as immediate support, whereas 24,500 continues to witness the highest Call Open Interest, making it the major resistance zone followed by 24,700.As long as the index holds above 24,250, the broader outlook remains constructive, and any corrective dip should be viewed as a buy-on-dips opportunity, with a sustained move likely to pave the way towards 24,600-24,800, he added.Sachin Gupta, VP - Technical Research, at Choice Broking, saidOverall, the market witnessed a broad-based rally, supported by strong participation from Realty, Construction, Auto and Metal stocks, while buying in heavyweight private banking names kept Bank Nifty on a firm footing, he added.Published on July 7, 2026