Benchmarks likely to make gap-down opening on Thursday

23 Jul 2026 Evaluate

Indian equity markets are likely to make gap-down opening on Thursday, tracking mixed cues from global markets. Traders are likely to remain cautious amid escalating geopolitical tensions in West Asia, which have heightened concerns over global energy supplies and inflationary pressures. Additionally, sentiments may remain down beat as foreign institutional investors (FIIs) turned net seller on Wednesday, offloading Indian equities worth Rs 819.20 crore.

Some of the key factors to be watched:

India-US trade deal almost complete: External Affairs Minister S Jaishankar met with US Secretary of State Marco Rubio in Manila to discuss priority areas including trade, tariffs, energy, defence, critical minerals, and artificial intelligence.

Return of foreign investments shows revival of confidence in economy: The Reserve Bank Bulletin said Indian economy has navigated the external uncertainties well and the recovery of foreign investments in recent months shows a revival of confidence.

India, Panama agree to deepen maritime cooperation: India and Panama have agreed to deepen maritime cooperation, with both sides identifying logistics, shipping, maritime security, skill development and digital transformation as the key pillars of an expanded strategic partnership.

RBI net sold $6.1 billion in spot market in May: The central bank's monthly bulletin said that the Reserve Bank of India (RBI) net sold $6.104 billion in the spot currency market in May.

Govt aims to double food processing level to 25% over next five years: Union Minister Chirag Paswan said the government aims to double the food processing level in the country to 25 per cent of the total farm output over the next five years on the back of several reforms undertaken during the past 12 years.

Global front: The US markets ended in red on Wednesday, as traders seemed reluctant to make significant moves ahead of the release of some key earnings news, while fresh tariffs and rising oil prices remained in focus. Asian markets are trading mostly higher on Thursday despite the broadly negative cues from Wall Street overnight.

Back home, Indian equity benchmarks ended sharply lower on Wednesday, taking the losses to the third consecutive day, due to selling pressure in Realty, IT and Healthcare stocks. Investor sentiment also weakened amid escalating Middle East tensions, rising oil prices and concerns over potential US tariffs on pharmaceutical imports. Finally, the BSE Sensex fell 715.06 points or 0.92% to 76,755.05 and the CNX Nifty was down by 191.45 points or 0.79% to 23,996.25.

Some of the important factors in trade:

India aims to increase share of global merchandise exports to around 10% by 2047: A World Trade Organization (WTO) report has stated that India aims to increase its share of global merchandise exports from around 1.8 per cent in 2024 to about 10 per cent by 2047.

India’s debt-to-GDP ratio eases to 58.2% in FY26: Minister of State for Finance Pankaj Chaudhary has said that India’s debt-to-GDP ratio has eased to 58.2 per cent (provisional) in FY26 as compared to 58.5 per cent in FY25, reflecting an improvement in the country's debt profile.

RBI proposes future-ready foreign investments rules to enhance ease of doing business: The Reserve Bank of India (RBI) has proposed simplified and future-ready rules related to foreign investments, including those pertaining to overseas listing of Indian companies.

Benchmarks likely to make gap-down opening on Thursday

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