Opening Bell : Markets likely to make positive start tracking strong cues from global markets
Indian equity markets are likely to make a positive start on Tuesday, tracking strong cues from global markets amid optimism over US-China trade talks. Additionally, traders likely to take some support from buying by foreign institutional investors (FIIs).
Some of the key factors to be watched:
India-EFTA trade pact likely to be implemented from September: Commerce and Industry Minister Piyush Goyal said that the free trade agreement (FTA) between India and the four-nation European bloc EFTA is likely to come into force from September.
Goyal to meet Swiss, Swedish business leaders: The Private report said that Commerce and Industry Minister Piyush Goyal will meet Swiss and Swedish business leaders this week and discuss ways to boost trade and investments.
India always ready to conclude trade pact with low hanging fruits: Commerce Minister Piyush Goyal said the India is prepared to finalise a trade agreement with the US by first addressing low-hanging fruits.
FM asks NIIF to leverage its sovereign-backed design: Finance Minister Nirmala Sitharaman has asked the National Investment and Infrastructure Fund (NIIF) to leverage its sovereign-backed design to showcase its performance at the global stage.
Finnish ambassador expresses India, EU will finalise trade deal by year-end: Finland's Ambassador to India, Kimmo Lahdevirta, has expressed confidence about finalising a much-awaited trade deal between India and the European Union (EU) by year-end.
On the global front: The U.S. markets ended mostly in green on Monday, while Asian markets are trading in green on Tuesday, as traders awaited any news of U.S.-China trade talks that in London later today that could help ease trade tensions between the two superpowers.
Back home, Indian equity benchmarks ended higher for the fourth day in a row on Monday following a rally in global markets and upbeat investors' sentiment after the RBI's jumbo 50 basis points rate cut. Optimism over a new round of trade talks between the US and China also drove the markets higher. Finally, the BSE Sensex rose 256.22 points or 0.31% to 82,445.21 and the CNX Nifty was up by 100.15 points or 0.40% to 25,103.20.
Some of the important factors in trade:
Foreign capital inflows: Foreign institutional investors (FIIs) purchased equities worth Rs 1,009.71 crore on a net basis on Friday, according to exchange data.
India’s FDI success is reflection of reforms, trust, investor-friendly policies: Terming India’s foreign direct investment (FDI) journey as truly transformational, Union Minister of Commerce and Industry, Piyush Goyal has said that India’s FDI success story is not only about impressive numbers but also a reflection of visionary reforms, policy clarity, and the global community’s trust in India’s economic future.
India’s agricultural sector transformed by five-fold budget surge over 11 years: The government has said that India's agricultural sector has undergone a profound transformation over the past 11 years through various government schemes and increased budgetary allocations, empowering farmers to lead the nation from food security to global food leadership.
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