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Markets likely to make cautious start on Monday
Sep-21-2026

Indian equity markets are likely to make a cautious start on Monday as traders assess the potential impact of Middle East supply risks against diplomatic efforts to end the US-Iran conflict. However, some support may come from Foreign Institutional Investors (FIIs), who turned net buyers on September 18, 2026, purchasing equities worth Rs 599.54 crore. 

Some of the key factors to be watched: 

India’s forex reserves drop by $4.92 billion to $780.78 billion: The RBI data has showed that India’s forex reserves dropped by $4.924 billion to $780.782 billion during the week ended September 11 due to a fall in foreign currency and gold reserves.

Private financing critical for Viksit Bharat goal: Economic Affairs Secretary Anuradha Thakur has said that achieving India's Viksit Bharat vision will require critical private sector investment, as public expenditure alone cannot bridge the massive financing gap.

India's exports to core BRICS markets surge 34% in April-August: The commerce ministry data has showed that India's exports to China, South Africa, Brazil and Russia grew 34 per cent to $19.9 billion in April-August 2026-27, led by a 39 per cent jump in shipments to China, highlighting the growing importance of the BRICS bloc for India's export growth. 

India, Canada trade ministers discuss progress of CEPA: Trade ministers of India and Canada have discussed the progress of ongoing negotiations for the proposed Comprehensive Economic Partnership Agreement (CEPA). The meeting was held between Commerce and Industry Minister Piyush Goyal and Canada's International Trade Minister Maninder Sidhu in Mumbai. 

India, Nepal discuss facilitating legitimate trade: The commerce ministry said India and Nepal have discussed ways to facilitate legitimate trade and strengthen mechanisms to ensure compliance with applicable rules and prevent misuse of preferential trade arrangements. 

Global front: U.S. markets ended mostly higher on Friday amid a drop in crude oil prices sparked by optimism over potential de-escalation in the Middle East. Asian markets are trading mostly in green on Monday as investors looked ahead to a US-China summit later this week for signs of progress on trade and economic ties.

Back home, Indian equity benchmarks ended mixed on Friday after a range-bound session, with Sensex and Nifty witnessing divergent trends, as a drop in crude oil prices was overshadowed by weakness in IT stocks. Traders remained cautious as exchange data showed that foreign institutional investors (FIIs) remained net sellers on Thursday, offloading equities worth Rs 3,208 crore. Finally, the BSE Sensex fell 19.63 points or 0.03% to 74,294.96 and the CNX Nifty was up by 75.80 points or 0.33% to 23,346.40.         

Some of the important factors in trade:

Net direct tax collection rises 13% to Rs 12.12 lakh crore: The data released by the Central Board of Direct Taxes (CBDT) showed the government's net direct tax collection rose 13% to over Rs 12.12 lakh crore till September 17 of the current fiscal on higher advance tax mop-up. 

India, New Zealand expedite domestic processes for early FTA implementation: With an aim to fast-track the process of the bilateral trade agreement, the Commerce Ministry has said that India and New Zealand are working closely to complete their respective domestic processes to facilitate the early implementation of the pact. 

Moody’s raises India’s GDP growth forecast to 7% for FY27: Moody’s Ratings has sharply raised India’s Gross Domestic Product (GDP) growth forecast for FY27 to 7% from its earlier estimate of 6%, citing the country's resilience to global shocks arising from the conflict in the Middle East.
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