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Indian equity markets are likely to make a flat to positive start on Wednesday amid mixed global cues. Traders are likely to remain optimistic about the ongoing India-U.S. trade deal. However, some cautiousness may come from foreign institutional investors (FIIs), who were net seller of shares worth Rs 728.82 crore.

Some of the key factors to be watched:

India's GDP growth may cross 7.5% in Q2: A SBI research report said that India's GDP growth is expected to reach 7.5 per cent or more in the second quarter of the current fiscal, mainly driven by robust festive sales triggered by the GST rate cut in late September.

India-US partnership is strong, stable and expanding across strategic and economic sectors: Union Minister of Commerce and Industry, Piyush Goyal, while addressing the Indo American Chamber of Commerce in New Delhi, has emphasised that the India-US partnership remains strong, stable and continuously expanding across strategic and economic sectors. 

Piyush Goyal launches Trade Intelligence and Analytics Portal: Union Minister of Commerce and Industry, Piyush Goyal has launched the Trade Intelligence & Analytics (TIA) Portal in New Delhi. The minister said that business needs to be more transparent with trade data to help stakeholders take the best decisions.

Goyal holds meeting with stakeholders on ways to promote FDI, FII: Commerce and Industry Minister Piyush Goyal held a meeting with stakeholders to discuss ways to attract foreign direct investment (FDI) and foreign institutional investment (FII) into the country by making the processes faster, smoother, and more efficient.

Aviation stocks will be in focus: Rating agency ICRA said that domestic aviation industry's net losses are projected to nearly double to Rs 9,500 to Rs 10,500 crore in the current fiscal ending March next year, mainly impacted by moderating passenger growth and higher costs due to aircraft deliveries.

On the global front: The US markets ended in red on Tuesday as technology stocks continued to retreat on concerns over stretched valuations in AI-related stocks. Asian markets trading mostly in green on Wednesday, despite the negative cues from Wall Street overnight.

Back home, Indian equity benchmarks witnessed a volatile session on weekly expiry day and ended lower on Tuesday due to profit-taking in Realty, IT and Metal shares amid a weak trend in global markets. Investors were concerned about increasing import bills and the widening trade deficit of the country. Traders were closely watching the progress on the proposed India-US trade deal. Finally, the BSE Sensex fell 277.93 points or 0.33% to 84,673.02 and the CNX Nifty was down by 103.40 points or 0.40% to 25,910.05.  

Some of the important factors in trade:

India’s merchandise exports contract 11.8% in October: The commerce ministry in its latest data has showed that India’s merchandise exports contracted 11.8 per cent to $34.38 billion in October 2025 as compared to $38.98 billion in October 2024, on account of the impact of high tariffs by the US. 

Rate of unemployment remains steady at 5.2% in October: The Ministry of Statistics and Programme Implementation (MoSPI) in its Periodic Labour Force Survey (PLFS) has said that the rate of unemployment for those aged 15 and above remained steady at 5.2 per cent in October. 

Sanctions on Russian oil unlikely to hit Indian OMCs hard: Fitch Ratings said US sanctions on Rosneft and Lukoil, along with the EU's ban on refined products derived from Russian crude, are unlikely to materially dent the margins or credit profiles of India's state-run oil marketing companies.

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