Sensex, Nifty to Open Higher as BJP Sweeps Delhi Elections; Global Cues Remain Key

Indian stock markets are set for a positive opening on February 10, 2025, following the BJP’s historic victory in the Delhi Assembly elections after 27 years. Analysts expect a gap-up opening, with investor sentiment buoyed by political stability. However, global factors like US President Donald Trump’s proposed tariffs on steel and aluminum imports and weak Asian market cues may limit gains. Technical experts see Nifty facing resistance at 23,800 with support at 23,400. Investors are advised to remain cautious as foreign institutional investors (FIIs) continue to sell.

Sources: CNBC-TV18, Business Standard, Economic Times, Moneycontrol