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Markets likely to get flat-to-negative start on weak global cues
Jul-30-2026

Indian markets are likely to get flat-to-negative start on Thursday tracking weak global cues as Fed Chairman Kevin Warsh’s comments on rates and inflation failed to soothe investors. However, some support may come amid foreign fund inflows. Foreign institutional investors (FIIs) extended their buying streak on July 29, purchasing Indian equities worth Rs 2,981 crore.

Some of the key factors to be watched:

India, US trade pact to come into operation once India gets comparative advantage: Commerce and Industry Minister Piyush Goyal has said that the first tranche of the bilateral trade agreement between India and the US will come into operation as soon as the United States is able to ensure that India gets a comparative advantage over its competitors.

Services index shows 16 sub-sectors recorded double-digit growth in May: The government has released the second sub-sectoral trial Index of Services Production, which showed eight out of the 19 sub-sectors of formal services recorded double-digit growth in May 2026. The Ministry of Statistics & Programme Implementation (MoSPI) released the Index of Services Production (ISP) for May 2026 on 19 sub-sectors, with base year 2024-25.

Innovation, startups, MSMEs and quality manufacturing are pillars of India's future growth: Union Minister of Commerce and Industry, Piyush Goyal, has said that India's future growth would depend on innovation, deep technologies, skilled manpower, startups, MSMEs and an enabling policy environment that encourages enterprise and investment, supported by globally competitive manufacturing, good manufacturing practices and uncompromising quality standards across sectors.

GST boosts State tax revenue, buoyancy: India Ratings and Research (Ind-Ra) said Goods and Services Tax implementation has boosted state governments' tax revenue and buoyancy, and Maharashtra, with high domestic consumption and presence of large services sectors, fetched the highest share in states taxes post GST.

Fertiliser industry seeks hike in subsidy rate for Kharif season due to rising raw material cost: Fertiliser Association of India (FAI) has reportedly sought an increase in the Nutrient Based Subsidy (NBS) rates fixed by the government for the ongoing Kharif season due to an increase in the cost of raw materials amid the West Asia conflict.

On the global front: Asian markets are trading mixed on Thursday tracking weakness on Wall Street overnight. The US markets ended lower on Wednesday after the Federal Reserve left the key interest rate unchanged as expected, while investors worried that rate hikes were coming later this year as the war in Iran escalated.

Back home, Indian equity benchmarks rebounded sharply and ended over a per cent higher on Wednesday, led by TECK, IT and Metal stocks and fresh foreign fund inflows. Foreign Institutional Investors (FIIs) turned buyers, purchasing equities worth Rs 755.33 crore on Tuesday. Sentiments remained up-beat throughout the day even as crude oil prices jumped following escalating tension between the US and Iran. Finally, the BSE Sensex rose 888.68 points or 1.16% to 77,654.60 and the CNX Nifty was up by 264.85 points or 1.10% to 24,250.20.   

Some of the important factors in trade: 

Indian corporates to clock 9% aggregate revenue in FY27: Fitch Ratings has projected aggregate revenue for rated corporates to rise by 9 per cent in the current fiscal, stronger than the 5 per cent estimated for FY26, which would keep credit metrics of Indian companies stable.

India’s macroeconomic fundamentals remain strong despite global headwinds: Union Minister Pankaj Chaudhary has said that macroeconomic fundamentals of the Indian economy remain strong, supported by robust domestic demand, healthy corporate balance sheets and sustained fiscal discipline amid global challenges.

India's net FDI recovers to $6.95 billion in FY26: Minister of State for Finance Pankaj Chaudhary said India's net foreign direct investment (FDI) recovered to $6.95 billion in FY26 from $0.96 billion in FY25, though it remained well below $27.99 billion in FY23 and $10.13 billion in FY24.

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