Opening Bell : Markets likely to make cautious start amid mixed global cues
Indian equity markets are likely to make cautious start on Monday, tracking mixed global cues. Traders are likely to take wait-and-watch approach ahead of the Reserve Bank of India (RBI) Monetary Policy Committee meet (MPC) scheduled from August 4, 2025 to August 6, 2025. Additionally, continued selling by foreign portfolio investors (FPIs) could further dampen markets sentiments.
Some of the key factors to be watched:
Forex reserves rise by $2.7 billion to $698.19 billion: The RBI said that India's forex reserves rose by $2.70 billion to $698.19 billion during the week ended July 25, 2025.
Gross GST mop-up rises 7.5% to Rs 1.96 lakh crore: Gross GST collection increased 7.5 per cent to about Rs 1.96 lakh crore in July on higher domestic revenues and taxes from imports.
Imposition of 25% US duty not to impact India much: The private report said that the imposition of a 25 per cent US tariff will not have much impact on India's $85 billion worth of exports to America, and New Delhi will not grant any duty exemptions on agriculture items, dairy, and genetically modified (GM) products in the trade pact.
Finance ministry working on strategy to insulate economy from geo political shocks: DIPAM Secretary Arunish Chawla said that the finance ministry is doing weekly capital review of all public sector undertakings and is working on strategies that can insulate the Indian economy from geo-political risks.
Aviation stocks will be in focus: Aviation turbine fuel (ATF) prices were hiked 3 per cent on Friday, while the price of commercial LPG cylinders was reduced Rs 33.50, in line with fluctuations in international benchmark rates.
On the global front: The U.S. markets ended in red on Friday, amid concerns about the economic impact of President Donald Trump's tariffs, as the White House announced new tariff rates on dozens of countries. Asian markets are trading mixed on Monday, tracking weak cues from Wall Street overnight.
Back home Indian equity benchmarks declined sharply for the second straight session on Friday, tracking deep losses in Healthcare, Telecom and Metal stocks amid trade-related concerns and widespread selling pressure in global markets. Besides, persistent selling by foreign investors added to the gloom. Finally, the BSE Sensex fell 585.67 points or 0.72% to 80,599.91 and the CNX Nifty was down by 203.00 points or 0.82% to 24,565.35.
Some of the important factors in trade:
FII outflows continue: Foreign Institutional Investors (FIIs) continued their trend as net sellers, offloading Rs 850.04 crore worth of Indian equities on Wednesday, which further contributed to the downward pressure on the markets.
Business confidence among MSME improves in Q1FY26: Latest MSME Outlook Survey released by SIDBI has said that business confidence among micro, small, and medium enterprises (MSME) improved during Q1 FY26, backed by steady domestic demand and a supportive financial environment.
India, UAE commit to deepening defence partnership: India and the United Arab Emirates (UAE) have reaffirmed their commitment to strengthening bilateral defence cooperation during the 13th India-UAE Joint Defence Cooperation Committee (JDCC) meeting on July 30, 2025.
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