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Indian equity markets are likely to make a cautious start on Tuesday amid mixed global cues. Traders are likely to adopt a wait-and-watch approach ahead of key Q2 earnings announcements from heavyweight stocks, including SBI, M&M, and Adani Enterprises. Additionally, some cautiousness came from foreign institutional investors (FIIs), who were net sellers of shares worth Rs 1,883.78 crore.

Some of the key factors to be watched:

India, EU negotiators start talks to resolve outstanding issues of FTA: The commerce ministry said that negotiators of India and the EU has commenced talks to resolve outstanding issues in the proposed free trade agreement, as the deadline to conclude the talks nears.

India, New Zealand commence next round of talks for trade pact: The commerce ministry said that officials of India and New Zealand have started the fourth round of negotiations in Auckland for the proposed free trade agreement

India could cut trade costs, boost exports: Think tanks ICRIER and RIS said that India stands to reduce trade costs and significantly boost export competitiveness by embracing paperless trading systems, with such initiatives expected to cut trade costs of economies in the Asia-Pacific region by about 25 per cent.

India, Bahrain begin negotiations for comprehensive economic partnership pact: The report said that India and Bahrain have commenced negotiations for an ambitious trade deal and inching closer to sealing an investment pact as External Affairs Minister S Jaishankar held extensive talks with his Bahraini counterpart Abdullatif bin Rashid Alzayani to further broad-base overall ties.

India's bioeconomy sector to reach $300 billion by 2030: NITI Aayog report has said that India's rapidly advancing bioeconomy sector, encompassing agriculture, forestry, fisheries, and aquaculture, is projected to reach $300 billion by 2030.

On the global front: The US markets ended mostly in green on Monday as traders reacted to Amazon’s deal with OpenAI. Asian markets are trading mostly in red on Tuesday, following the mixed cues from Wall Street overnight.

Back home, Indian equity benchmarks ended marginally higher in a lackadaisical trade on Monday, on buying in select Telecom, Realty and Healthcare shares. Profit taking at higher levels due to the absence of fresh domestic trigger and foreign fund outflows kept the markets rangebound. Finally, the BSE Sensex rose 39.78 points or 0.05% to 83,978.49 and the CNX Nifty was up by 41.25 points or 0.16% to 25,763.35. 

Some of the important factors in trade:

India should continue trade negotiations with US, fasten FTA talks: Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev has said that India should diversify exports to other countries, fasten free trade agreement (FTA) negotiations and also continue dialogues with Washington to conclude the proposed Bilateral Trade Agreement (BTA) with the US.  

India manufacturing PMI rises in October: The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) rose from 57.7 in September to 59.2 in October, indicating a quicker improvement in the sector's health. Robust end-demand fuelled expansions in output, new orders, and job creation, 

Bank credit growth slows to 7.3% in September: Growth in bank credit to industry moderated to 7.3 per cent in September, compared with 8.9 per cent in the corresponding period last year, according to the RBI data.

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