As markets in India and around the world reopen after the Christmas holiday, investors here are looking to ride the so-called Santa Clause rally driving Wall Street higher

Market experts expect the indices to consolidate within a narrow range for the rest of the year, as the lack of major positive or negative triggers limits market movement

The stock markets will remain closed on December 25 for Christmas. On Tuesday, investors showed caution leading to minor declines in BSE Sensex and Nifty50 amidst foreign fund outflows.

Stock Market LIVE Updates | Indian markets recovered slightly on Monday from the five days of steep decline last week. Analysts say this pause is typical, driven by oversold positions in index heavyweights.

Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Tuesday. While BSE Sensex was above 78,500, Nifty50 was above 23,750.

The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 23,762 level, a discount of 7 points from the Nifty futures’ previous close.