Stock market today, Jan. 29 -- The Indian stock market is expected to open flat to mildly positive today, with sustained optimism around the India-EU Free Trade Agreement (FTA) likely to support the positive momentum witnessed over the past two trading sessions. With tariffs eliminated on 90-96% of traded goods, the FTA is structurally positive for India's export-led sectors such as textiles, apparel, leather, gems & jewellery, marine products, tea, coffee, chemicals, and MSMEs, while also aiding technology inflows, services mobility, and long-term competitiveness.

That said, near-term market upside may remain capped by persistent FII outflows, pre-Budget positioning, and mixed global cues, including heightened geopolitical tensions in t...