India, June 11 -- Will Dalal Street Extend Its Cautious Streak? Dalal Street looks like it could open on the subdued side this Thursday, with GIFT Nifty hinting at a negative opening as geopolitical worries in West Asia keep simmering, plus a grab-bag of global market signals that don't quite agree. At around 7:50 AM, GIFT Nifty was down by 81 points, roughly 0.35%, at 23,060, so it seems traders may just keep treading carefully for now.

The last session didn't really give much conviction either. Sure, the Sensex edged up by 64.42 points, about 0.09%, to end at 73,983.18, but the Nifty 50 slipped 27.15 points, or 0.12%, ending at 23,214.95. What's telling is that both indices gave back most of their intraday momentum, which kind of sugge...