Benchmarks likely to make positive start amid strong global cues

Indian equity markets are likely to make positive start on Tuesday tracking strong global cues. Sentiments continue to remain positive with recent India-U.S. trade framework. Besides, on February 9, Foreign institutional investors (FIIs) were net buyers of Indian equities worth Rs 2,254.64 crore. 

Some of the key factors to be watched:

Piyush Goyal to meet exporters on trade pacts with US, EU: Commerce and Industry Minister Piyush Goyal will hold a meeting with representatives of export promotion councils and industry associations on February 11 amid finalisation of trade pacts with the US and the European Union.

India needs $22.7 trillion investment to achieve net zero target by 2070: Niti Aayog study stated that India will need investments totalling $22.7 trillion to reduce greenhouse gas emissions and achieve the net zero target by 2070.

India, Greece ink joint declaration to strengthen defence industry ties: India and Greece have signed a Joint Declaration of Intent on strengthening defence industrial cooperation between the countries, which marks a starting point for developing a five-year roadmap for boosting the partnership.

India offers quota-based auto duty cuts, tariff reduction on alcohol under US trade pact: The government said that India will grant quota-based duty concessions in the automobile sector, while access to alcoholic beverages has been offered under tariff reduction and minimum import price-based formulations under the trade pact with the US.

Aviation stocks will be in limelight: According to government data, Aviation watchdog DGCA issued 352 show cause notices to scheduled commercial airlines for various violations in the last two years. IndiGo and Air India received 98 and 84 show cause notices, respectively, during the period from January 1, 2024 to December 31, 2025.

On the global front: The US markets ended higher on Monday as investors reassessed the opportunity in tech stocks. Asian markets are trading mostly in green on Tuesday following the broadly positive cues from Wall Street overnight. 

Back home, Indian equity benchmarks extended their gains for the second straight session and ended with gains of over half percent on Monday, driven by optimism over the India-US trade deal and robust buying in Consumer Durables, Realty and Basic Materials stocks. Some support also came as exchange data showed foreign institutional investors bought equities worth Rs 1,950.77 crore on Friday. Finally, the BSE Sensex rose 485.35 points or 0.58% to 84,065.75 and the CNX Nifty was up by 173.60 points or 0.68% to 25,867.30. 

Some of the important factors in trade: 

India gains trade edge over China in US: Commerce and Industry Minister Piyush Goyal said that Indian goods will have a competitive advantage in US markets compared to products from China and other competitor countries, which face higher levies, following the reduction in reciprocal tariffs to 18 per cent. 

Strong domestic demand, stable banking system to drive India’s growth at 6.4% in FY27: Moody's Ratings has projected India's GDP to grow at 6.4 per cent in FY2026-27, the fastest pace among G-20 economies, driven by strong domestic consumption, policy measures, and a stable banking system.

PSBs’ combined profit likely to cross Rs 2 lakh crore in FY26: As public sector banks (PSBs) continue to demonstrate resilience and strong asset quality improvement, Financial Services Secretary M Nagaraju has expressed confidence that the combined profit of these banks is expected to cross the landmark Rs 2 lakh crore mark at the end of FY26.