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Indian equity markets are likely to make a negative start on Thursday, amid weak global cues. Traders are likely to adopt cautious approach ahead of India’s consumer inflation data and the weakly F&O expiry. Additionally, sentiments could be dampened by outflows from foreign institutional investors (FIIs).

Some of the key factors to be watched:

US says tariffs on auto not safeguard measures: The US has told the World Trade Organisation (WTO) that the tariffs on automobiles and auto components are not safeguard measures and there is no basis for India to seek consultations on the matter.

India-EU Free Trade Agreement feasible by end of 2025: External Affairs Minister S Jaishankar said that India places a high priority to its relations with the European Union, the centre piece of which is the Free Trade Agreement negotiations that are making very good progress.

Goyal says proposed national e-commerce, retail trade policies under discussions: Commerce and Industry Minister Piyush Goyal has said the proposed national e-commerce and retail trade policies are under discussions as both are linked to each other.

Swedish Minister says India, EU FTA should resolve tariffs, non-tariff barriers: Swedish Minister for International Development Cooperation and Foreign Trade Benjamin Dousa said that the EU and India should work towards a free trade agreement that addresses tariff and non-tariff barriers as both regions are currently a bit over-regulated.

SEBI mandates new UPI mechanism for registered intermediaries: Markets regulator SEBI said it has mandated a new UPI payment mechanism for all registered intermediaries, who collect funds from investors, to improve the safety and accessibility of financial transactions within the securities market.

On the global front: The U.S. markets ended in red on Wednesday, as traders were cautious amid an initial US-China trade agreement and new inflation data. Asian markets are trading mixed on Thursday, as investors weighed US President Donald Trump’s announcement that a trade agreement with China was done, though key details and implications left room for caution.

Back home, Indian equity markets came off day’s highs and closed the session with marginal gains on Wednesday as investors looked ahead to the release of U.S. consumer inflation data later in the day and India’s retail inflation data to be out on June 12 for direction. Finally, the BSE Sensex rose 123.42 points or 0.15% to 82,515.14 and the CNX Nifty was up by 37.15 points or 0.15% to 25141.40.

Some of the important factors in trade:

Foreign fund inflows: According to exchange data, foreign institutional investors (FIIs) bought equities worth Rs 2,301.87 crore on June 10, 2025.

Commerce Minister calls Swiss industry to partner in India’s growth story: Some optimism came as Union Minister of Commerce and Industry, Piyush Goyal has invited the Swiss business community to be active partners in India’s journey towards becoming a $30-35 trillion economy by 2047.

India-US trade pact to provide opportunity to expand economic ties: Some support also came as Commerce and Industry Minister Piyush Goyal has said that the proposed bilateral trade agreement between India and the US will provide both the countries with an opportunity to expand and strengthen trade ties.

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