Indian equity markets are poised to take cues from both domestic inflation data and the results of the Karnataka elections today. Nifty has seemingly plateaued in the last four days and is now awaiting fresh triggers for its next move. The drop in consumer inflation, reaching an 18-month record low, may shape market expectations on how the Reserve Bank of India will adjust rates next month. Analysts predict that the upswing has confirmed "a strong reversal," with the index poised to breach its 18800 all-time high soon.