Opening Bell : Markets likely to make positive start on Monday amid foreign fund inflows
Indian equity markets are likely to make positive start on Monday as market participants may continue to monitor developments surrounding the US-Iran talks. Further, investors are likely to take support from foreign institutional investors (FIIs), who were net buyers of shares worth Rs 4,859.07 crore on Friday.
Some of the key factors to be watched:
India-EU trade pact to be signed by December; implemented from Feb-Mar next year: Commerce and Industry Minister Piyush Goyal has said that India and the 27-nation European Union will sign the free trade agreement by December and are likely to implement the pact during February- March next year.
India, South Korea discuss digital governance cooperation: India and South Korea have discussed possible cooperation between the two countries in digital governance, e-government, public administration, capacity building and citizen-centric service delivery.
India seeks BRICS nations' cooperation to strengthen MSME sector, boost growth: India has said that the cooperation among BRICS nations can help strengthen micro, small and medium enterprises, support weaker sections and contribute to the economic growth of member countries.
India’s forex reserves decline $9.98 billion to $671.62 billion: The Reserve Bank of India (RBI) has said that India's forex reserves dropped $9.985 billion to $671.625 billion during the week ended June 12 due to sharp drop in gold reserves.
Passenger vehicle sales to grow 4-6% in FY27: Ratings agency ICRA in its latest report has said that passenger vehicle sales are likely to grow 4-6 per cent this fiscal, driven by sustained demand momentum, improving affordability following GST rate cuts, and traction in utility vehicles.
Global front: The US markets remained closed on Friday on account of the Juneteenth federal holiday. Asian markets are trading mixed on Monday, as traders awaited the release of inflation data that is closely watched by the Federal Reserve.
Back home, snapping 5-day winning run, Indian equity benchmarks ended lower with losses of over half percent on Friday dragged by heavy selling in IT firms after global tech giant Accenture trimmed its full-year revenue growth guidance and renewed geopolitical uncertainty. Besides, exchange data showed foreign institutional investors (FIIs) offloaded equities worth Rs 1,025.20 crore on a net basis on Thursday. Finally, the BSE Sensex fell 607.08 points or 0.78% to 76,802.90 and the CNX Nifty was down by 154.90 points or 0.64% to 24,013.10.
Some of the important factors in trade:
India facing nationwide rainfall deficit of 41% as southwest monsoon stalled over Maharashtra: The India Meteorological Department (IMD) in its latest data has showed that India is facing a nationwide rainfall deficit of 41 per cent between June 4 and June 18, 2026, as the southwest monsoon stalled over southern Maharashtra.
India Inc likely to see slower revenue growth, margin pressure in Q1FY27: Rating agency ICRA in its latest report has said that India Inc likely to witness moderation in its revenue growth to mid-to-high single digit in Q1 (April-June) 2026-27 as compared with the 13.2 per cent growth recorded in the fourth quarter of FY26.
India can achieve $200 billion in exports to BRICS countries by 2030: Expressing optimism about India’s export potential, the Associated Chambers of Commerce and Industry of India (Assocham) has said that the country can achieve $200 billion in exports to BRICS countries by 2030, up from $96 billion in the last fiscal year.
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