“Although markets may see a steady positive opening, volatility is likely to be the hallmark as traders roll over their February F&O contracts which expire today. Worries over tariffs will continue to weigh on domestic stocks with plenty of uncertainties surrounding the timing and the size, while relentless FII selling leaves investors to worry a lot as they fear the brutal sell-off is likely to get worse. On the positive front, WTI oil prices falling towards $69 a barrel provides some cheer in an uncertain global market,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.

Nvidia’s posted a revenue of $39.33 billion for the fourth quarter, exceeding analyst projections of $38.05 billion. Looking ahead, Nvidia remains optimistic, forecasting revenue of $43 billion (plus or minus 2%) for the first quarter of fiscal 2025, well above Wall Street’s estimate of $41.78 billion.