Traders in Mumbai are preparing for a cautious trading day due to the lack of movement in Nifty futures, which reflects a subdued sentiment in Asian markets.
The focus remains on Adani stocks, which have reached a one-year low, causing concerns among investors. On the other hand, analysts are becoming more optimistic about Reliance Industries, expecting a potential turnaround after a period of underperformance. This change in sentiment could indicate a significant shift in the stock's trajectory as market participants search for signs of recovery.