Opening Bell : Benchmarks likely to make cautious start ahead of RBI policy outcome
Indian equity markets are likely to make cautious start on Wednesday, amid mixed global cues. Traders are likely to remain cautious ahead of the Reserve Bank of India’s (RBI) monetary policy outcome later in the day, with street expecting no change in the repo rate and the policy stance. Additionally, some cautiousness may come as foreign institutional investors offloaded shares worth Rs 2,327.09 crore on a net basis on Tuesday.
Some of the key factors to be watched:
India's external debt rises to $747.2 billion at June-end: India's external debt stood at $747.2 billion at the end of June 2025, an increase of $11.2 billion over its level at March-end 2025.
India building self-reliance, resilient supply chains to counter weaponisation of trade: Commerce and Industry Minister Piyush Goyal has said that India is focusing on self-reliance by building capabilities and resilient supply chains, which will help the country tackle global challenges like weaponisation of trade.
Bank credit growth to industry slows to 6.5% in August: Reserve Bank data showed that bank credit to industry grew at a slower pace of 6.5 per cent in August as against 9.7 per cent in the corresponding period last year.
India initiates anti-dumping probe into imports of three Chinese goods: The Commerce Ministry's arm DGTR has initiated anti-dumping probes into the import of three Chinese goods - PET films, kitchen glassware and nylon following complaints by domestic manufacturers.
Edible oil sectors’ stocks will be in focus: The Indian Vegetable Oil Producers' Association (IVPA) has called for accelerating the path towards self-sufficiency in edible oil amid declining imports, policy shifts and evolving free trade agreements.
On the global front: The US markets ended in green on Tuesday, amid hopes that lawmakers will reach to a last-minute agreement to prevent government shutdown. Asian markets are trading mostly in green on Wednesday, following gains on Wall Street overnight.
Back home, Indian equity benchmarks gave up early gains and closed marginally lower on Tuesday after a volatile session, marking the eighth consecutive session of southward movement due to relentless foreign fund outflows and caution ahead of the RBI's interest rate decision, which will be announced on Wednesday. Finally, the BSE Sensex fell 97.32 points or 0.12% to 80,267.62 and the CNX Nifty was down by 23.80 points or 0.10% to 24,611.10.
Some of the important factors in trade:
Moody’s affirms India’s long-term local rating at Baa3 with stable outlook: Global rating Moody’s has affirmed India’s long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at Baa3 with a stable outlook on the back of robust economic growth and sound external position.
India’s FTA with EFTA to come into effect from October 1, 2025: Representing a landmark in India’s global trade strategy, Union Minister of Commerce & Industry, Piyush Goyal has said that the Free Trade Agreement (FTA) with the EFTA countries (Iceland, Liechtenstein, Norway, and Switzerland), which was finalised in March 2024, will come into effect from October 1, 2025.
Recent GST reforms to spur market consumption, boost domestic: Minister of State (MoS) for Finance Pankaj Chaudhary has said that the recent GST reforms will spur market consumption and boost the domestic economy. He said the impact of these reforms will be known in the next four to six months.
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