Indian equity markets poised for positive start amid Asian peers' gains Indian equity markets are expected to open higher on Wednesday, following gains in Asian peers despite lingering uncertainties from global negotiations. However, caution remains as foreign institutional investors (FIIs) continued to offload shares, selling Rs 8,009.56 crore worth of equity on Tuesday. Key economic indicators and policy developments are likely to shape investor sentiment in the coming days. Private sector capital expenditure is projected to decline by 16.5% in the fiscal year 2026-27, according to a government survey. This marks a significant slowdown in investment activity, which could impact overall economic growth. Meanwhile, India's exports are anticipated to grow at a compound annual growth rate (CAGR) of over 20% between fiscal years 2023-24 and 2025-26. This growth is attributed to the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, which aims to mitigate the effects of global challenges such as weak demand, freight volatility, and rising protectionism. The cooperative sector is being highlighted as a critical player in achieving Prime Minister Narendra Modi's vision of a developed India by 2047. Minister of State for Cooperation Gautam Kumar Dak emphasized the sector's potential to drive sustainable development and economic inclusion. Additionally, the Reserve Bank of India (RBI) injected Rs 55,837 crore into the banking system through a three-day variable rate repo (VRR) auction. The funds were released at a cut-off rate of 5.26%, providing temporary liquidity to the financial system. Fertilizer stocks are expected to remain in focus, with the government reporting that urea production reached 275.75 lakh tonnes in the first eleven months of the current fiscal year.#indian_equity_markets #bse_sensex #reserve_bank_of_india #cnx_nifty #india_russia
Indian Equity Markets Face Sharp Decline Amid Global Tensions Indian equity benchmarks plummeted by over 3% on Thursday, snapping a three-day winning streak, as a sharp jump in crude oil prices and weak global trends unsettled investors. The BSE Sensex fell 2496.89 points or 3.26% to 74,207.24, while the CNX Nifty dropped 775.65 points or 3.26% to 23,002.15. The market opened with a significant gap down, reflecting sustained selling pressure, as traders opted for short-covering following a sharp decline in the previous session. However, caution lingered amid continued foreign fund outflows, with foreign institutional investors (FIIs) offloading shares worth Rs 7,558.19 crore on Thursday. The decline was exacerbated by geopolitical tensions in West Asia, where escalating strikes on energy infrastructure heightened concerns. Union Power Minister Manohar Lal assured that India is prepared to meet the projected peak power demand of 270 GW during the summer season. Meanwhile, the government rolled out the RELIEF scheme, a Rs 497 crore initiative to support exporters facing disruptions due to the West Asia conflict. Union Minister Sarbananda Sonowal highlighted India’s coordinated measures to safeguard maritime trade, ensuring minimal disruption to supply chains. Global markets also weighed on investor sentiment, with the US markets ending lower amid fears of an Iran war and inflation. Asian markets traded mixed on Friday, reacting to the broadly negative cues from Wall Street. The RBI is set to inject Rs 75,000 crore into the banking system through a three-day variable rate repo (VRR) auction on March 20, aiming to stabilize liquidity. Key corporate and economic updates included the likely implementation of the India-UK FTA by early May and the EU deal by year-end.#indian_equity_markets #bse_sensex #cnx_nifty #union_power_minister_manohar_lal #relief_scheme
