Buy or sell stocks, Jan. 20 -- The Indian stock market is set to open on a cautious note as global trade uncertainties, driven by the U.S. administration's aggressive use of tariffs, continue to trigger a risk-off mood across markets. Heightened geopolitical tensions, along with persistent foreign investor selling and continued weakness in the rupee, are weighing on confidence and likely to cap any meaningful upside in domestic equities even during short-term recoveries. Steady buying by domestic institutional investors continues to act as a key stabiliser, absorbing selling pressure and helping prevent deeper drawdowns.

Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market sentime...