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Markets likely to make negative start amid mixed global cues
Oct-14-2026

Indian equity markets are likely to make a negative start on Wednesday amid mixed global cues, as traders assess the US Federal Reserve’s potential policy moves. Sentiment may remain subdued as foreign institutional investors (FIIs) extended their selling streak, offloading equities worth Rs 1,305.13 crore on Tuesday. Traders are likely to adopt a wait-and-watch approach ahead of the release of the Wholesale Price Index (WPI) data for September. 

Some of the key factors to be watched: 

India, Canada discuss advancing trade pact talks: Commerce and Industry Minister Piyush Goyal said that India and Canada have discussed advancing negotiations for the proposed trade pact to provide deeper market access for each other's goods and services.

RBI to continue efforts to curb rupee volatility: Finance Minister Nirmala Sitharaman said that the RBI will continue its efforts to prevent excessive volatility in the rupee, which has depreciated ‘very significantly’ over the past year and a half.

Strong statistics key to Viksit Bharat by 2047: Principal Secretary to the Prime Minister P K Mishra said India needs a modern, reliable and technology-enabled statistical system to support evidence-based policymaking and achieve its goal of becoming a developed nation by 2047.

Sebi extends IPO issue size revision relaxation till March 2027: The Association of Investment Bankers of India (AIBI) stated that Markets regulator Sebi has extended the relaxation allowing firms to revise the size of their fresh issue by up to 50 per cent without filing a fresh draft offer document for IPOs opening on or before March 31, 2027.

Railways stocks will be in focus: The Railway Board said the Indian Railways loaded 135.35 million tonnes of freight in September 2026, compared to 127.52 million tonnes in September 2025, registering a 6.14% growth over the corresponding month last year.

On the global front: The US markets ended in red on Tuesday, as investors awaited September’s consumer inflation report for clues on the Federal Reserve’s next interest rate decision. Asian markets were trading higher on Wednesday despite the broadly negative cues from Wall Street overnight. 

Back home, Indian equity benchmarks staged a strong rally on Tuesday, with the benchmark Sensex rallying 1,109 points and the Nifty closing above 22,720 mark, led by IT stocks following strong quarterly earnings from HCL Technologies. Finance Minister Nirmala Sitharaman's positive comments towards LTCG and STT also weighed positively on market sentiment. Finally, the BSE Sensex rose 1109.10 points or 1.54% to 73,033.78 and the CNX Nifty was up by 358.60 points or 1.60% to 22,721.95.

Some of the important factors in trade: 

IMF revises upward India’s economic growth projection to 7.0% for FY27: The International Monetary Fund (IMF), in its October World Economic Outlook (WEO), has revised upward India’s economic growth projection by 60 basis points (bps) to 7.0% for the fiscal year 2026-27 (FY27) and by 30 bps to 7.0% for FY28, compared with its July 2026 WEO update.

SBI Research calls for abolishing LTCG tax on equities amid heavy FPI outflows: Amid sustained foreign portfolio investor (FPI) outflows from Indian equity markets, the State Bank of India (SBI) Research in its Ecowrap report has called for abolishing the long-term capital gains (LTCG) tax on equities which can help ensure such investors to remain invested in the market for a longer duration.

US Ambassador to India highlights expanding India-US cooperation, investment: US Ambassador to India Sergio Gor has said that India and America are expanding cooperation across sectors, including defence, information technology (IT) and healthcare. Their investments and joint projects are creating significant opportunities for both countries.

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