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Indian equity markets are likely to make a gap-up opening on Wednesday, amid positive global cues. Traders are likely to take some support from progress on the ongoing U.S-India trade deal and expectations of an interest rate cut by Federal Reserve. Additionally, some optimism may come from foreign institutional investors (FIIs), who were net buyers of shares worth Rs 785.32 crore.

Some of the key factors to be watched:

India, Russia-led EAEU to start talks for trade pact: Commerce and Industry Minister Piyush Goyal said that India and the Russia-led EAEU group will start formal negotiations for a trade agreement from November 26. India and the five-nation grouping, the Eurasian Economic Union (EAEU), on August 20, inked the terms of reference for the agreement.

India’s exports in positive zone this month so far: Commerce and Industry Minister Piyush Goyal said the country's exports, which fell by about 12 per cent in October, have rebounded this month till November 21, entering the positive territory.

Landlocked states to receive focused support under export promotion mission: Commerce and Industry Minister Piyush Goyal said the recently approved Rs 25,060 crore export promotion mission would incorporate targeted schemes to help landlocked states enhance their competitiveness in the export sector.

India’s data centre operators likely to invest up to Rs 60,000 crore by FY28: Credit rating agency Crisil said that data centre players in India are expected to invest Rs 55,000 to Rs 60,000 crore during FY2026 to FY2028, which will double the capacity in the range of 2.3 to 2.5 gigawatt.

Horticulture production up 4% to 369.05 million tonne in 2024-25: Agriculture ministry data said that India’s horticulture production rose marginally by 4 percent to 369.05 million tonne in the crop year ended June 2025 on higher production of fruits and vegetables. 

On the global front: The US markets ended in green on Tuesday amid renewed optimism about the outlook for interest rates following the latest U.S. economic data and recent dovish comments from Federal Reserve (Fed) officials. Asian markets are trading in green on Wednesday, tracking strong cues from Wall Street overnight.

Back home, Indian equity benchmarks witnessed sharp volatility on monthly expiry day and ended lower for the third consecutive session on Tuesday due to selling in IT, Consumer Durables and Oil & Gas shares as foreign fund outflows dampened investor sentiment. Caution also prevailed as investors awaited clarity on a possible rate cut in the upcoming FOMC meeting and progress on the Indo-US trade deal. Finally, the BSE Sensex fell 313.70 points or 0.37% to 84,587.01 and the CNX Nifty was down by 74.70 points or 0.29% to 25,884.80.

Some of the important factors in trade: 

Listed private non-financial companies report 8% sales growth in Q2FY26: The RBI in its latest data has showed that the improvement in all major sectors has led to an 8% growth in the sales of listed private non-financial companies during Q2FY26 against 5.5% growth in the preceding three months. 

Non-US markets emerge as new growth engine for India’s marine exports: Commerce ministry data said that India's marine sector exports rose by 16.18 per cent to $4.87 billion during April-October this fiscal mainly on account of healthy growth in non-US markets, including China, Vietnam, Russia, Canada and the UK.

India-Israel FTA push should focus on strategic sectors not merchandise trade: The GTRI has said that the renewed push by India and Israel to restart FTA talks should be guided more by strategic cooperation in areas such as defence manufacturing, electronics, semiconductors, water and irrigation technology, precision agriculture, and cybersecurity than by gains in merchandise trade. 

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