Markets may open flat to positive as the RBI is expected to hold rates steady after a 100 bps cut in 2025. Stocks in focus include Airtel, Lupin, Hero MotoCorp, NSDL, and defense names. GIFT Nifty indicates a mild uptick. Key earnings include Bajaj Auto, Divi’s, Pidilite, PVR, among others. Defense capex and bulk Paytm deals are also in focus.