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2025-07-28 08:56:32 am | Source: Accord Fintech
Opening Bell : Benchmarks likely to make cautious start amid mixed global cues
Opening Bell : Benchmarks likely to make cautious start amid mixed global cues

Indian equity markets are likely to make cautious start on Monday, tracking mixed global cues. Investors are likely to adopt a wait-and-watch approach ahead of the release of India's industrial and manufacturing production data for June. Additionally, markets sentiments may remain subdued due to continued foreign fund outflows. Foreign Institutional Investors (FIIs) sold stocks worth of Rs 1,979.96 crore on Friday.

Some of the key factors to be watched:

India's forex kitty drops by $1.18 billion to $695.48 billion: The RBI said that India's forex kitty declined by $1.18 billion to $695.48 billion during the week ended July 18, 2025.

Indian economy can grow over 6.5% in FY26 without hurdles: RBI Monetary Policy Committee (MPC) member Nagesh Kumar said that Indian economy is growing at a robust pace and will not face any challenge in achieving a growth rate upwards of 6.5 per cent in the current financial year.

FM Sitharaman says maintaining sustained growth top priority: Finance Minister Nirmala Sitharaman said that maintaining sustained growth is the top priority amid global uncertainties, and an incremental rise in public capital expenditure is one of the drivers for economic development.

India, UK businesses optimistic about FTA seeking to double bilateral trade by 2030: Commerce and Industry Minister Piyush Goyal has said that businesses in Britain as well as India are optimistic about the free trade agreement which aims to double the bilateral trade to $112 billion by 2030.

India's seafood exports set to compete with Vietnam, Singapore after UK trade deal: The fisheries ministry said that Indian seafood exporters are poised to compete on equal terms with Vietnam and Singapore in the UK market, following the signing of a comprehensive trade agreement that eliminates previous tariff disadvantages.

On the global front: The U.S. markets ended in green on Friday, buoyed by optimism that several trade deals will be finalized before President Donald Trump's August 1 deadline for extending reciprocal tariffs. Asian markets are trading mixed on Monday, as investors awaited further clarity on U.S.-China trade negotiations.

Back home, Indian equity benchmarks declined for the second day in a row on Friday, with the Sensex tumbling 721 points due to heavy selling in Utilities, Power and Oil & Gas shares amid persistent foreign fund outflows. Investor sentiment remained fragile amid ongoing uncertainty over U.S.-India tariff negotiations. Finally, the BSE Sensex fell 721.08 points or 0.88% to 81,463.09 and the CNX Nifty was down by 225.10 points or 0.90% to 24,837.00.

Some of the important factors in trade:

Govt to come up with norms for 27% ethanol blending in petrol: Union Minister Nitin Gadkari said that the government will come up with norms for 27 per cent ethanol blending in petrol by the end of August.

Signing of India-UK FTA marks breakthrough for Indian engineering exports: Engineering Export Promotion Council of India (EEPC India) has said that the signing of the India-UK Free Trade Agreement (FTA) marks a breakthrough for Indian engineering exports and is poised to significantly deepen bilateral economic ties.

India offers one of most attractive investment ecosystems in maritime domain: Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal has said that India, as a maritime nation, is undergoing a transformative shift backed by strong policy support and growing investment momentum. 

 

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