Indian equity markets expected to open positively on Monday despite weak global cues Indian equity markets are anticipated to open on a positive note on Monday, despite the weak performance of global markets. Traders are likely to adopt a cautious wait-and-watch approach ahead of the release of the Wholesale Price Index (WPI) for February. However, some uncertainty may persist due to ongoing geopolitical tensions and continued outflows of foreign institutional investors. Key factors to monitor include Fitch Ratings raising India’s GDP growth projection for fiscal year 2026 to 7.5%, citing domestic demand as the primary growth driver. Union Minister Piyush Goyal emphasized India’s preparedness to manage crude oil and fuel supply challenges amid disruptions in West Asia. Commerce Secretary Rajesh Agrawal highlighted the need for India to transition from being the "Pharmacy of the World" to a global medtech manufacturing hub. The Aluminium Association of India (AAI) has called for exemptions from the recent RoDTEP rate cut to maintain competitiveness for exporters. The diamond sector’s stocks are expected to be closely watched, as the Gem and Jewellery Export Promotion Council (GJEPC) reported a 3.86% year-on-year increase in gems and jewellery exports to $2,680.79 million in February. Globally, U.S. markets closed lower on Friday as investors focused on the Federal Reserve’s policy decisions amid rising crude oil prices. Asian markets opened in negative territory on Monday, following the poor performance of Wall Street. Indian equity benchmarks recorded losses for the third consecutive day, with the Sensex declining over 1,450 points and the Nifty dropping below the 23,200 mark.#indian_equity_markets #wholesale_price_index #fitch_ratings #union_minister_piyush_goyal #commerce_secretary_rajesh_agrawal
