Indian equity markets are likely to make a gap-up opening on Friday, following a rally in global markets as investors cheered hopes of a US-Iran peace deal that may finally materialise after US President Donald Trump cancelled planned strikes against Iran. Meanwhile, investors are likely to keep a close watch on India's retail inflation data, scheduled to be released later in the day.
Some of the key factors to be watched:
India to remain fastest-growing major economy at 6.6% in FY27, down from 7.2% last year: The World Bank said India will remain the world's fastest-growing major economy, expanding at 6.6 per cent in fiscal year 2026-27, a sharp moderation from 7.7 per cent in the previous year.
Bank credit grows over 17% in May: The Reserve Bank data showed bank credit grew 17.44 per cent year-on-year in May, marking the ninth consecutive month of double-digit expansion, reflecting sustained demand for loans from both retail and corporate borrowers.
Issues related to India-EFTA trade pact implementation may figure during Piyush Goyal's Switzerland visit: Issues following the implementation of the India-EFTA free trade agreement are expected to be discussed during the visit of Commerce and Industry Minister Piyush Goyal to Switzerland on June 12.
Need to strengthen multilateral cooperation to deal with challenges posed by conflicts: Finance Minister Nirmala Sitharaman has said that the adverse impact of conflicts and uncertainty falls disproportionately on developing countries and the Global South, and there is a need for coordinated global action to deal with it.
India's textile market to hit Rs 33 lakh crore by FY31: Union Textiles Minister Giriraj Singh has said that the government is targeting to increase India's textile market size, including domestic as well as exports, to Rs 33 lakh crore by 2030-31 from around Rs 16 lakh crore at present.
Global front: The US markets ended sharply higher on Thursday boosted by a rebound in chip stocks, after President Donald Trump called off the strikes on Iran scheduled for this evening and said the U.S. is going to soon sign a deal with the country. Asian markets are trading in green on Friday, following overnight rally on Wall Street.
Back home, Indian equity benchmarks ended a volatile trading session on a lower note on Thursday, as investors remained cautious amid escalating geopolitical tensions in West Asia following fresh military action by the United States against Iran. Unabated foreign fund outflows and a spike in US inflation also led to the muted trading in the markets. Finally, the BSE Sensex fell 150.63 points or 0.20% to 73,832.55 and the CNX Nifty was down by 53.35 points or 0.23% to 23,161.60.
Some of the important factors in trade:
India's total outward FDI commitments fall 49.02% in May: The Reserve Bank of India (RBI) in its latest data has showed that India's total outward foreign direct investment (FDI) commitments fell by 49.02 per cent month-on-month, dropping to $4.49 billion in May 2026 from $8.84 billion in April 2026.
India’s GDP growth likely to slow to 6.6% in FY27: BMI, a Fitch group company, has said that India's Gross Domestic Product (GDP) growth is likely to slow to 6.6% in FY27 as compared to 7.7 per cent in FY26, driven by weaker investments and consumption growth along with trade-related disruptions stemming from the West Asia crisis.
Guarantees issuance under ECLGS 5.0 hits 1 lakh with amount exceeding Rs 48,000 crore: Ministry of Finance in its latest release has showed that the total number of guarantees issued under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has crossed the 1 lakh mark, reaching a total of 1,06,549 with total amount of guarantees at Rs 48,484.26 crore, as on June 9, 2026.
