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Indian equity markets are likely to make a cautious start on Friday, influenced by mixed global cues. Traders are likely to take a cautious approach ahead of the release of Q4 GDP data and Foreign Exchange Reserves figures later in the day. However, some support may come from sustained buying activity by Foreign Institutional Investors (FIIs).

Some of the key factors to be watched:

Indian economy size $15 trillion in PPP term: NITI Aayog Vice-Chairman Suman Bery said that the size of the Indian economy in the purchasing power parity (PPP) term is already $15 trillion, which is more than half the size of the US economy.

Govt kickstarts exercise for 5-yearly approval of CSSs, CSs: The Finance Ministry said that the government has kickstarted an elaborate exercise for five yearly appraisals and approval of centrally sponsored schemes (CSSs) and central sector schemes (CSs) to be made effective from April 1, 2026.

India to assess impact of US court blocking Trump's tariffs: A private report said that India is reviewing the impact of a US court ruling that blocks President Donald Trump from imposing sweeping tariffs on imports.

Tariff war create opportunity for India in some of sectors: Chief Economic Adviser V Anantha Nageswaran said that ongoing tariff war triggered by reciprocal tariff by the Trump Administration provides an opportunity for India in some sectors.

FM meets ADB President: Finance Minister Nirmala Sitharaman met Asian Development Bank (ADB) President Masato Kanda and sought enhanced support for integrated rural prosperity initiatives, including job creation.

On the global front: The U.S. markets ended in green on Thursday led by gains in Nvidia, although broader market momentum was capped by legal uncertainty surrounding President Donald Trump's reciprocal tariffs. Asian markets are trading in red on Friday, despite broadly positive cues from Wall Street overnight.

Back home, Indian equity benchmarks ended in green on Thursday, amid positive global sentiment after a US federal court struck down President Donald Trump’s reciprocal tax policy. A late-session surge helped key indices to close on a positive note despite a volatile day.  Finally, the BSE Sensex rose 320.70 points or 0.39% to 81,633.02 and the CNX Nifty was up by 81.15 points or 0.33% to 24,833.60.    

Some of the important factors in trade:

India's industrial output growth slows to 2.7% in April: The data showed India's industrial production growth slowed to 2.7 per cent in April 2025 due to poor performance of manufacturing, mining and power sectors. The factory output, measured in terms of the Index of Industrial Production (IIP), rose by 5.2 per cent in April 2024.

India's food grain output forecast raised to record 353.95 million tonnes: The government has revised upwards its food grain production estimate for the 2024-25 crop year to a record 353.95 million tonnes, with wheat output alone projected at 117.50 million tonnes, as the country posted bumper harvests across key crops.  

Power stocks in focus: The rating agency ICRA is eyeing country’s power demand to grow in the range of 6-6.5 per cent over the next five years, with the increasing adoption of electric vehicles and green hydrogen segments along with strengthening of data centre capacity.   

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