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Indian equity benchmarks are likely to get a cautious start amid uncertainty surrounding Trump’s tariffs after he exempted the tariffs on goods come under USMCA, United States-Mexico-Canada Agreement. Foreign fund outflows likely to dent domestic sentiments. The Foreign institutional investors (FIIs) extended their selling on March 6 as they sold equities worth Rs 2377 crore. 

Impact of US tariffs will be felt on India: Union Finance Minister Nirmala Sitharaman said that the impact of the US tariffs will be felt on India, and added that Union Minister Piyush Goyal is going to America and holding talks with the government there.

Private capex unlikely to pick up despite high profitability: Domestic ratings agency Crisil said private sector capital expenditure is unlikely to pick up in a sustained way despite India Inc's profitability being near decadal high.

Team India seeks zero duty, business continuity amid US tariffs: The government and companies across sectors are working together amid intensified efforts to find ways of staving off US President Donald Trump’s reciprocal tariff threat aimed at India and others, following up on his measures against Canada, Mexico and China.

India to grow 6.5% in fiscal 2026 despite challenges: Crisil Intelligence in a report said India’s real gross domestic product (GDP) growth would be steady at 6.5 per cent in fiscal 2026 despite uncertainties stemming from geopolitical turns and trade-related issues led by US tariff actions.

There will be some reaction in cement sector stocks: Crisil in its India Outlook FY26 report said after two years of a pricing slump, the cement sector is expected to see price hikes in the next financial year. 

On the global front: The US markets ended lower on Thursday weighed down by market jitters over the current uncertainty surrounding U.S. trade policy. Asian markets are trading mostly in red on Friday as investors remained concerned about the impact of US President Donald Trump's tariffs on various trading partners and the price rise in the economy.

Back home, Indian equity benchmarks extended their winning streak to the second straight session and ended higher by around a percent on Thursday, fueled by positive global cues and surge in Energy, Metal and Oil & Gas stocks. Finally, the BSE Sensex rose 609.86 points or 0.83% to 74,340.09, and the CNX Nifty was up by 207.40 points or 0.93% to 22,544.70. 

Some of the important factors in trade: 

RBI to infuse liquidity through OMO purchase: The Reserve Bank of India (RBI) has come up with more measures including the purchase of government bonds under open market operations (OMO) and foreign currency swaps, with an aim to ease the tight liquidity conditions in the banking system. 

17.1 crore jobs were created in India in decade from 2014 to 2024: Union Labour Minister Mansukh Mandaviya has said that 17.1 crore jobs were created in the country in a decade from 2014 to 2024, and 4.6 crore of these employments were added in the past year alone. 

Crude oil prices tumbled: Crude oil prices extended fall and slipped to 6-month lows in the international markets, as the tariff war intensified with both China and Canada retaliating by imposing tariffs on US goods. 

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