Indian equity markets expected to open positive on Monday amid mixed global cues The Indian stock market is anticipated to open on a positive note on Monday, despite weak signals from international markets. Traders are likely to adopt a cautious, wait-and-watch stance ahead of the release of the Wholesale Price Index (WPI) for February. However, lingering geopolitical tensions and ongoing outflows by foreign institutional investors may temper optimism. Key factors to monitor include Fitch Ratings' revised GDP growth forecast for fiscal year 2026, which has been raised to 7.5% from previous estimates. Domestic demand is highlighted as the primary driver of this growth. Additionally, 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 called for India to transition from being the "Pharmacy of the World" to a global leader in medical technology manufacturing. The Aluminium Association of India (AAI) has urged the government to exempt aluminium products from recent RoDTEP rate cuts to maintain competitiveness in international markets. Meanwhile, the diamond sector is under scrutiny, with the Gem and Jewellery Export Promotion Council (GJEPC) reporting a 3.86% year-on-year increase in exports to $2,680.79 million in February, attributed to diversification into new markets. Global markets faced mixed performance, with U.S. indices closing lower as investors focused on the Federal Reserve's policy decisions amid rising crude oil prices. Asian markets opened in negative territory, influenced by Wall Street's poor showing. Domestically, Indian equity benchmarks continued to decline, with the Sensex dropping over 1,450 points and the Nifty falling below the 23,200 mark.#indian_stock_market #wholesale_price_index #piyush_goyal #rajesh_agrawal #aluminium_association_of_india
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
