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Indian equity markets are likely to make negative start on Thursday, amid mixed global cues. Traders are likely to closely watch the outcome of the bilateral talks between Russian President Vladimir Putin and Prime Minister Narendra Modi. Additionally, some cautiousness may come from Foreign Institutional Investors (FIIs) as they were net sellers on Wednesday, offloading shares worth Rs 3,206.92 crore. 

Some of the key factors to be watched:

India’s exports record healthy growth in November: Commerce and Industry Minister Piyush Goyal said that India's exports, which fell by about 12 per cent in October, have registered healthy growth in November.

IMF appreciates India's healthy economic performance: Finance Minister Nirmala Sitharaman said that the International Monetary Fund (IMF) appreciated India's healthy economic performance and did not question its growth figures.

Sebi introduces single window gateway for low-risk foreign investors: Markets regulator Sebi has made it easier for low-risk foreign investors to participate in the Indian securities market with the introduction of a single window access, a move aimed at simplifying compliance and enhancing the country's attractiveness as an investment destination.

Engineering, pharma, chemicals, agri hold huge potential for exports to Russia: The report said that India's prospects for stronger exports to Moscow lie in sectors like engineering goods, pharmaceuticals, chemicals and agriculture where there is a large unmet demand in Russia

Telecom stocks will be in focus: Sector regulator Trai in its latest report said that telecom service providers' gross revenue in the September quarter of 2025-26 increased by 9.19 per cent year-on-year to a record high of Rs 99,828 crore, nearing the Rs 1 lakh crore mark in a quarter.

On the global front: The US markets ended lower on Wednesday, following the release of a report from payroll processor ADP showing an unexpected decrease by private sector employment in the month of November. Asian markets are trading mostly in green on Thursday as fall in US private sector employment added to recently renewed optimism of interest rate cut by Federal Reserve.

Back home, Indian equity benchmarks ended marginally lower in a largely range-bound trade on Wednesday amid persistent foreign fund outflows and profit-taking by investors. A cautious undertone prevailed as Ukraine peace talks stalled, and uncertainty prevailed over the U.S.-India trade deal. Sentiment was also dampened by a weakening rupee, which hit a record low against the dollar. In addition, caution ahead of the RBI's monetary policy meeting and mixed global cues added to the subdued mood. Finally, the BSE Sensex fell 31.46 points or 0.04% to 85,106.81 and the CNX Nifty was down by 46.20 points or 0.18% to 25,986.00.

Some of the important factors in trade:

Indian services sector growth accelerates to 59.8 in November: Indian services sector growth accelerated in the month of November, after losing some momentum in October, boosted by a faster upturn in new business intakes. According to the survey report, the seasonally adjusted HSBC India Services PMI Business Activity Index surged to 59.8 in November from 58.9 in October. 

Govt continues to work towards mitigating US tariffs impact on exports: Minister of State for Commerce and Industry Jitin Prasada said the government continues to work to mitigate the impact of the US tariff measures on Indian exports through a comprehensive multi-pronged strategy encompassing intensive engagement with the US government for a mutually beneficial India-US Bilateral Trade Agreement.

Railway stocks in watch: The Ministry of Railways has said that Indian Railways recorded a freight loading of 135.7 million tonnes (MT) in November 2025, registering a 4.2 per cent increase over 130.2 MT in the same month last year.

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