MUMBAI: The Indian equity markets are likely to have a lackluster start today evening with an ocean of global and local forces coming together overnight.
Given that this market’s opening is heavily affected by both global and domestic ebb and flows that have been brewing overnight, market operators are likely to kick off trading on the back of a few key factors such as international market developments, developments in trade and domestic economic data/commodity pricing shifting.
Global & Trade Dynamics
Asian markets continued to open higher, offering a not-so-bad background from what followed behind last overnight.
Several developments in the US Tariffs and trade negotiations — a key factor is. Though the comments from US Treasury secretary that indicate almost all other trading partners including India are getting ready to wrap up trade deals and China’s recent announcement of putting US goods on a list to avoid tariffs suggest that the sources of global tensions should somewhat release. This is, obviously good for the market sentiment.
Also check:- Daily Market Wrap-Up
The US saw a mostly down overnight finish, the Dow and S&P 500 were stationary, but composite of Nasdaq slipped today due to small risk appetite.
Commodities and Domestic Data
Indian Index of Industrial Production (IIP) for March 2025 data (released yesterday,) saw a growth rate of 3.0%, on the bullish front from previous month but modest compared to some analysts forecasts and a 4-year low for the entire fiscal year ending Mr. 2024-25 saw IIP growth. The data is a bittersweet reminder on the status quo of industrial activity.
Crude oil Dec Commodity’s down overnight This is good news for India as it is one of world’s largest crude oil importers and could help reduce inflationary pressures and import bills.
Market Pulse and Fund Flows
GIFT Nifty was in the green ticking up marginally suggesting Nifty 50 may open flat to up. Another aspect being scrutinized is foreign and domestic fund movements. On Monday FIIs were net buyers in the Indian market while DIIs were the sellers which is being seen at some divergence in trading style.
Another positive sign is that Indian Rupee appreciated against US dollar which serves at numerous ends for different sectors. The above-mentioned eight factors combine to create this intricate picture of the Indian equities @open today.
