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Indian equity benchmarks are likely to get positive start on Monday, despite mixed global cues after U.S president threaten to impose extra duties on Chinese ships, the move could impact fright cost globally as China produce more than half of the world's cargo ships by tonnage. However, optimism rising among market participants as U.S. Trump signaled flexibility on upcoming reciprocal tariffs. Investors will be keeping an eye out for India Manufacturing, Services and Composite PMI Flash figures for March, scheduled for release later in the day.

Some of the key factors to be watched:

India's Agri growth rate to be 20% in 2 years: Union Minister Nitin Gadkari has said that India's agricultural growth rate is expected to be 20 per cent in coming two years and the Centre's first priority is to make the sector economically viable and create more jobs.

Govt disburses Rs 14,020 crore in ten PLI schemes so far: The government has disbursed Production-Linked Incentive schemes for ten sectors, including electronics and pharma, since the launch of the support measure to boost domestic manufacturing.

India imposes anti-dumping duty on 5 Chinese goods: India has imposed anti-dumping duty on Soft Ferrite Cores, certain thickness of vacuum insulated flask, aluminium foil, Trichloro Isocyanuric Acid, and Poly Vinyl Chloride Paste Resin coming from China to guard domestic players from cheap imports.

Customs rule of origin changes may raise compliance cost for importers: GTRI’s economic think tank has said that the amendments in the customs rules to tighten checks on goods imported under free trade agreements (FTAs) could make it harder for businesses to do imports at concessional duties and may increase compliance cost.

Banking stocks will be in focus: The government data showed that dividend payout by public sector banks (PSBs) have risen by 33 per cent to Rs 27,830 crore in FY24, indicating significant improvement in financial health of these lenders.

On the global front: The US markets ended higher on Friday after US president suggested that there will be flexibility with the reciprocal tariffs set to be imposed April 2. Asian markets are trading mixed on Monday amid the nearing deadline of levying tariffs by April 2 on US trade partners.

Back home, Indian equity benchmarks extended their winning streak for the fifth consecutive session, gaining over half a percent on Friday driven by strong foreign fund inflows that bolstered market sentiments and investors’ confidence. Finally, the BSE Sensex rose 557.45 points or 0.73% to 76,905.51, and the CNX Nifty was up by 159.75 points or 0.69% to 23,350.40.   

Some of the important factors in trade: 

Fresh foreign capital inflows: Foreign institutional investors (FIIs) purchased equities worth Rs 3,239.14 crore on a net basis on Thursday, according to exchange data. 

EPFO adds 17.89 lakh net members in January 2025: EPFO’s provisional payroll data for January 2025 has revealed a net addition of 17.89 lakh members in the month of January, exhibiting 11.67% Y-o-Y growth. This 11.67% Y-o-Y growth signifies employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives.

Services sector should aim to exceed merchandise exports next fiscal: Commerce and Industry Minister Piyush Goyal said that India's services exports are registering healthy growth rates and the sector should aspire to reach $450 billion in exports, overtaking merchandise shipments, in the next financial year.

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