Indian equity markets are likely to make a positive start on Friday supported by easing expectations of near-term US interest-rate hikes and after crude oil prices remained around $70 per barrel mark as tanker traffic through the Strait of Hormuz continued to normalize. Traders are likely to adopt a wait-and-watch approach ahead of the release of the final HSBC Composite PMI data later in the day.
Some of the key factors to be watched:
Govt fast-tracks disinvestment process to shore up revenues, garners 31% of budget aim in Q1 FY27: The government has pushed the pedal on its disinvestment and asset monetisation plan in the current fiscal, raising about 31 per cent of its full-year budgeted target in the first quarter itself.
India's private credit market doubles to $25 billion: Moody's Ratings has said that India's private credit market has doubled in size in the past five years to about $25 billion in Assets Under Management (AUM) as of 2025 end, and will further expand amid strong financing demand.
Indian Railways reports strong Q1 FY27 freight & passenger growth: The railway ministry said the Indian Railways transported 419.08 million tonnes of freight in the first quarter (April-June) of the 2026-27 fiscal, registering a growth of 1.46 per cent compared to the corresponding period during the previous financial year.
Oil companies suffered Rs 74,781 crore loss on fuel sales amid West Asia crisis: Union Petroleum Minister Hardeep Singh Puri said oil marketing companies suffered Rs 74,781 crore losses for selling petrol, diesel and LPG below cost for the period up to June 30 when global crude oil prices spiked in the wake of the West Asia conflict.
FPIs pull Rs 49,340 crore from Indian equities in June: Foreign investors extended their selling spree in June, withdrawing Rs 49,340 crore ($5.16 billion) from Indian equities, triggered by a combination of early-month global risk aversion, a preference for developed markets, soaring US bond yields, and stretched valuations in the domestic market.
Global front: US markets ended mostly higher on Thursday as investors reacted to a weaker-than-expected nonfarm payrolls report for June. Asian markets are trading mostly in green on Friday following the positive cues from Wall Street overnight.
Back home, Indian equity benchmarks ended higher on Thursday as investors cheered falling crude oil prices following positive development on the geopolitical front. Qatar said indirect talks between Iran and the United States over the Strait of Hormuz had made ‘positive progress’. Besides, a strong relief rally in IT and TECK stocks boosted investor sentiment. Finally, the BSE Sensex rose 579.48 points or 0.75% to 77,502.12 and the CNX Nifty was up by 169.85 points or 0.71% to 24,175.70.
Some of the important factors in trade:
Finance Minister on four-day visit to France to strengthen economic cooperation, promote investment: With an aim to deepen the India-France strategic partnership, strengthen economic cooperation, and promote investment, Finance Minister Nirmala Sitharaman is on a four-day official visit to France, where she will participate in a series of high-level engagements.
Crisil expects MFI AUM growth to accelerate to 20% in FY27: A domestic rating agency Crisil in its latest report has said that the assets under management (AUM) of the microfinance institutions (MFIs) are likely to grow 20 per cent in fiscal year 2026-27 (FY27), a sharp acceleration from 4 per cent growth recorded last fiscal.
DGTR starts anti-dumping probes against five products imported from China, other nations: The Commerce Ministry's investigation arm -- Directorate General of Trade Remedies (DGTR) has started anti-dumping probes against imports of five products from China and other nations. The investigation was initiated following separate complaints filled by domestic manufacturers.
