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2026-06-09 08:49:18 am | Source: Accord Fintech
Opening Bell : Markets likely to make cautious start on Tuesday
Opening Bell : Markets likely to make cautious start on Tuesday

Indian equity markets are likely to make cautious start on Tuesday, as traders will assess the status of the ceasefire between the US and Iran. Additionally, sentiments may remain downbeat as Foreign Institutional Investors (FIIs) remained net sellers on June 8, 2026, with a net outflow of Rs 5,555.67 crore. 

Some of the key factors to be watched: 

India's exports rise 15% during April-May despite global economic uncertainties: The report said the country's merchandise exports have recorded about 15 per cent growth during April-May 2026-27 despite global economic uncertainties.

India records $7.1 billion current account surplus in Q4 FY26: The Reserve Bank data has showed that India reported a current account surplus of $7.1 billion, or 0.7 per cent of GDP, in the January-March quarter of 2025-26. 

India's engineering exports rise to $122 billion in FY26: Vimal Anand, Joint Secretary of Department of Commerce, has said that India's engineering exports have leapt from $70 billion in the financial year 2014-15 to $122.43 billion in FY 2025-26, which is a powerful validation of the country's development and progress. 

BHAVYA scheme to help attract huge investments, create jobs: Commerce and Industry Minister Piyush Goyal has said that the Rs 33,660 crore Bharat Audyogik Vikas Yojna (BHAVYA) scheme will help attract huge investments, create jobs, and provide modern social infrastructure in the 100 industrial parks to be developed under this initiative.

India, UK talks progressing on resolving issues for trade pact implementation: The report said discussions between India and the UK are progressing well to resolve certain outstanding issues, including Britain's steel safeguard measure, for the implementation of the free trade agreement.

Global front: The US markets ended mostly in green on Monday, with tech stocks leading a modest bounce back from Friday's bruising session. Asian markets are trading mostly in green on Tuesday following overnight gains on tech stocks on Wall Street. 

Back home, Indian equity benchmarks witnessed sharp fall on Monday tracking a sharp decline in global equities and a fresh spike in crude oil prices, amid flaring tensions in West Asia. Also, exchange data showed Foreign Institutional Investors (FIIs) offloaded equities worth Rs 8,776.25 crore on Friday. Finally, the BSE Sensex fell 719.08 points or 0.97% to 73,524.26 and the CNX Nifty was down by 243.70 points or 1.04% to 23,123.00. 

Some of the important factors in trade:

Projected weak monsoon could weigh on rural demand, private consumption: The Reserve Bank of India (RBI) Governor Sanjay Malhotra has cautioned that the projected shortfall in south-west monsoon rainfall could weigh on rural demand and private consumption. 

Retaining repo rate is balanced, prudent decision amid global uncertainty: Welcoming the monetary policy announcement, the Federation of Indian Chambers of Commerce and Industry (FICCI) President Anant Goenka has said that retaining the repo rate at 5.25% and maintaining a neutral stance is a balanced and prudent decision taken by the RBI given the heightened global uncertainty. 

India, US near completion of interim trade deal; first phase likely by mid-July: With an aim to deepen economic ties and strengthen bilateral trade, Commerce and Industry Minister Piyush Goyal has stated that India and the United States (US) are rapidly moving towards resolving all outstanding issues in the proposed interim trade agreement.

 

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