Indian equity markets are likely to make a cautious start on Tuesday, amid mixed cues from global markets. Traders likely to remain on the sidelines ahead of the Reserve Bank of India's (RBI) monetary policy decision later this week. Market participants will also closely monitor renewed US-Iran negotiations for signs of a potential agreement that could lead to the full reopening of the Strait of Hormuz.
Some of the key factors to be watched:
India, Uzbekistan eyeing expansion of ties in mining, energy sectors: India and Uzbekistan have agreed to shore up their ties in defence, trade, mining and energy sectors as External Affairs Minister S Jaishankar and his Uzbek counterpart Bakhtiyor Saidov carried out a comprehensive review of the overall bilateral relations.
Govt invites applications for dates, marble import quota under India-Oman trade pact: The government has invited applications for the allocation of 2026-27 import quotas for products like dates, marble, and aluminium ingots under the duty concession provisions of the India-Oman free trade agreement.
RBI sells $14.9 billion during Jan-May to check excess volatility in rupee: The RBI's foreign exchange intervention during January-May 2026 amounted to a net sale of $14.9 billion to check excess volatility of the rupee.
FM Nirmala Sitharaman likely to Introduce Taxation Laws (Amendment) Bill: Finance Minister Nirmala Sitharaman is likely to introduce a bill in Parliament soon to significantly simplify the framework governing offshore investment funds by relaxing the eligibility conditions for such funds managed from India to avail tax exemption on their global income.
Govt hikes windfall gains tax on petrol, diesel, ATF exports: The government has hiked windfall gains tax on exports of petrol, diesel and ATF for the fortnight beginning Monday. The rate of special additional excise duty (SAED) on export of diesel will be Rs 25.5 a litre, up from Rs 15.5 a litre. SAED on export of ATF will be Rs 22/litre, as against Rs 14.5/litre earlier.
Global front: The US markets ended higher on Monday, supported by lower oil prices and strong gains in heavyweight technology stocks. Asian markets are trading mostly in red on Tuesday despite the broadly positive cues from Wall Street overnight.
Back home, Indian equity benchmarks ended higher on Monday following reports that the US halted military action against Iran, causing oil prices to fall sharply as the Strait of Hormuz opened for swift movement of stranded ships. Foreign fund inflows also added to markets' optimism. Foreign Institutional Investors (FIIs) bought equities worth Rs 277.48 crore on Friday, according to exchange data. However, the Nifty rose sharply in fag end of trade following introduction of Closing Auction Session (CAS). Effective August 3, 2026, the Securities and Exchange Board of India introduced CAS for F&O-eligible stocks, with regular cash market trading in these stocks ending at 3:15 PM, followed by an auction to determine the closing price. Trading in non-F&O stocks continues until 3:30 PM, while the F&O trading session has been extended by 10 minutes, now concluding at 3:40 PM. Finally, the BSE Sensex rose 544.39 points or 0.70% to 78,639.03 and the CNX Nifty was up by 390.70 points or 1.60% to 24,774.30.
Some of the important factors in trade:
Govt’s gross GST collections jump 15% to Rs 2,11,205 crore in July: The government data has showed that gross goods and services tax (GST) collections jumped 15.4 per cent to Rs 2,11,205 crore in July 2026 as compared to Rs 1,83,065 crore in July 2025 on higher mop-up from domestic transactions and imports.
India’s manufacturing sector expansion slows to near five-year low in July: India’s manufacturing sector activity continued expansion but at its slowest pace in nearly five years in the month of July as growth in total sales, input purchasing and employment weakened. According to the survey report, the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) eased from 54.2 in June to 53.5 in July.
Bank credit to industry registers 19.2% growth in June: The Reserve Bank of India (RBI) in its latest data has showed that bank credit to industry grew 19.2 per cent y-o-y by the end of June 2026, a sharp acceleration from 6.3 per cent recorded in the corresponding period last year, as large companies as well as MSMEs displayed broad-based expansion.
