Opening Bell : Benchmarks likely to make negative start amid weak global cues
Indian equity markets are likely to make negative start on Wednesday, tracking weak cues from global markets. Traders are likely to remain cautious amid renewed trade tensions and U.S. President Donald Trump blaming China and India during his UN General Assembly address, calling the two nations the primary funders of the Ukraine war. Additionally, some cautiousness may come after foreign institutional investors offloaded shares worth Rs 3,551.19 crore on a net basis on Tuesday.
Some of the key factors to be watched:
Indian delegation visits UK to deepen trade textile trade: Indian delegation led by Neelam Shami Rao, Secretary, Ministry of Textiles, Government of India, is visiting London to showcase India's strength across the textile value chain and to deepen India-UK trade engagement. The delegation includes representatives of all major Export Promotion Councils and leading exporters.
India to generate 3,343 GW solar power using wasteland: National Institute of Solar Energy (NISE) report said that India has potential to have about 3,343 GWp ground-mounted solar PV from 27,571 square km of wasteland across the nation.
OECD raises India’s 2025 GDP growth forecast to 6.7%: The Organization for Economic Cooperation and Development (OECD) has raised India's GDP growth by 40 bps to 6.7 per cent in 2025 from its earlier projection of 6.3 per cent in June -- driven by strong domestic demand and robust GST reforms.
India to enter Global Innovation Index top 10 in 3 years: Union Home Minister Amit Shah said India's ranking on the Global Innovation Index has gone up from 91 to 38 in the last decade, and expressed confidence that it would secure a position among the top 10 in the next three years.
Cement stocks will be in focus: ICRA indicated that the cement volumes has increased by 8.5% in in first five months of FY2026 due to strong demand from the housing and infrastructure segments, despite the early onset of the monsoons in few regions.
On the global front: The US markets ended in red on Tuesday, after Federal Reserve Chair Jerome Powell indicated that the equity prices are overvalued following the recent gains made by the markets. Asian markets are trading mostly in red on Wednesday, tracking negative cues from US markets overnight.
Back home, Indian equity benchmarks closed marginally lower on Tuesday in a volatile trade, dragged by selling in FMCG and Realty shares and foreign fund outflows amid concerns over the steep hike in US H-1B visa fees. Foreign institutional investors (FIIs) offloaded equities worth Rs 2,910.09 crore on Monday, according to exchange data. Finally, the BSE Sensex fell 57.87 points or 0.07% to 82,102.10 and the CNX Nifty was down by 32.85 points or 0.13% to 25,169.50.
Some of the important factors in trade:
S&P retains India’s GDP growth forecast at 6.5%: S&P Global Ratings has retained India's GDP growth forecast at 6.5 per cent in the current fiscal, citing strong domestic demand amid a largely benign monsoon. It also expects a 25 bps rate cut by the RBI this fiscal as it revised its inflation forecast down to 3.2 per cent for this fiscal year.
Market borrowing unchanged: Chief Economic Adviser (CEA) V Anantha Nageswaran has said that the government would stick to its 4.4 per cent fiscal deficit target and restrict market borrowing at the estimated Rs 6.82 lakh crore in the second half of the current fiscal year.
EPFO adds 21.04 lakh net members in July: Retirement fund body EPFO added 21.04 lakh net members during July 2025, registering an increase of 5.55 per cent year-on-year, according to the latest payroll data.
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