Opening Bell : Benchmarks likely to make flat to positive start amid positive global cues
Indian equity markets are likely to make flat to positive start on Tuesday, tracking positive global cues amid rising hopes of trade deal with US. Besides, fund inflows by Foreign Institutional Investors may boost investors' sentiments. However, gains likely to remain cap as India's industrial production growth slowed to a nine-month low of 1.2 per cent in May 2025.
Some of the key factors to be watched:
India, Bhutan review development partnership: The Ministry of External Affairs (MEA) said that India and Bhutan has carried out a full spectrum review of projects being implemented with New Delhi's support of Rs 10,000 crore during 2024-2029.
Gross GST collections double in 5 years to record Rs 22.08 lakh crore in FY25: Government data showed that gross goods and services tax (GST) collections doubled in five years to reach an all-time high of Rs 22.08 lakh crore in the 2024-25 fiscal year, from Rs 11.37 lakh crore in FY21.
India toughens stance on Agri: India has reportedly hardened its position on agricultural duty concessions to America as negotiations with the US team in Washington for the proposed trade pact have entered a crucial stage.
Private capital crucial for sustainable development: Finance Minister Nirmala Sitharaman has underlined the crucial role of private capital in driving sustainable development, saying it is both an urgent necessity and a significant opportunity.
Industrial output growth slows to 9-month low of 1.2% in May: India's industrial production growth slowed to a nine-month low of 1.2 per cent in May 2025 due to poor performance of manufacturing, mining and power sectors caused by the early onset of Monsoon.
On the global front: The U.S. markets ended higher on Monday amid ongoing optimism about trade deals ahead of the impending deadline for U.S. reciprocal tariffs in early July. Asian markets are trading mostly in green on Tuesday, tracking positive cues from Wall Street overnight.
Back home, Indian equity benchmarks tumbled on Monday after a four-day rally, pressured by declines in Realty, Banking and Auto, even as global risk sentiment improved due to easing Middle East tensions and a strong recovery in foreign inflows. Finally, the BSE Sensex fell 452.44 points or 0.54% to 83,606.46 and the CNX Nifty was down by 120.75 points or 0.47% to 25,517.05.
Some of the important factors in trade:
India’s engineering exports fall marginally in May: Engineering Export Promotion Council of India (EEPC India) has said that the country's engineering exports conceded a marginal fall of 0.82 per cent year-on-year to $9.89 billion in May due to a higher statistical base and geopolitical tensions in West Asia.
India's foreign debt jumps 10% to $736.3 billion: The Reserve Bank said that India's external debt increased by 10 per cent to $736.3 billion at the end of March 2025 compared to $668.8 billion in the year-ago period.
India's agriculture & allied sectors GVA rises more than 3 times in 12 years: Ministry of Statistics & Programme Implementation in its latest report has showed that gross value added (GVA) of agriculture and allied sectors at current prices registered a growth of about 225% (more than 3 times) increasing from Rs 1,502 thousand crore in 2011-12 to Rs 4,878 thousand crore in 2023-24
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