Indian markets are likely to make gap-down opening on Thursday as investors assessed a sharp rise in US Treasury yields, higher crude prices and expectations of further Federal Reserve rate increases. However, some support may come from Foreign Institutional Investors (FIIs), who turned net buyers on September 23, 2026, purchasing equities worth Rs 1,617.45 crore.
Some of the key factors to be watched:
Rupee may not just stabilise, but appreciate from current levels: The Reserve Bank of India (RBI) Deputy Governor Poonam Gupta has said that there is a fair case for the rupee to not just stabilise but even appreciate from current levels, as the currency's 13.1 per cent depreciation over the past one-and-a-half years appears to be a temporary phenomenon.
OECD ups India's FY27 GDP growth forecast to 7.1%: The Organisation for Economic Co-operation and Development (OECD) has raised India's GDP growth projection for current fiscal by 80 basis points to 7.1 per cent citing resilient domestic demand and government policies that cushioned households and firms from the impact of higher energy prices.
Retail sector logs 10% growth in August on stable consumer demand: Retail Association of India (RAI) survey said India's retail sector maintained a steady trajectory in August, recording a 10 per cent year-on-year (Y-o-Y) pan-India growth.
Financial sector must fund next generation of enterprises, not just next year's growth: Principal Secretary to the Prime Minister PK Mishra said the financial sector must move beyond financing near-term growth and focus on funding the next generation of Indian enterprises.
DGTR recommends 5-year anti-dumping duty on aluminium foil: The Commerce Ministry's arm DGTR has recommended a five-year extension of anti-dumping duty on aluminium foil imported from China, Thailand, Malaysia, and Indonesia.
Global front: U.S. markets ended in red on Wednesday as the 10-year Treasury yield hit its highest level since July 2007 and crude oil prices rebounded, with tech and consumer stocks leading the losses. Asian markets are trading mostly in red on Thursday following overnight losses on Wall Street.
Back home, Indian equity benchmarks ended in green on Wednesday amid easing crude oil prices, which remained below $100 per barrel, and hopes of a possible de-escalation in the West Asia conflict. However, foreign fund outflows capped the gains in the domestic equities. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,809.99 crore on Tuesday, according to exchange data. Finally, the BSE Sensex rose 299.17 points or 0.40% to 74,828.25 and the CNX Nifty was up by 117.80 points or 0.50% to 23,446.80.
Some of the important factors in trade:
ADB revises upward India's economic growth forecast for FY27 to 7%: The Asian Development Bank (ADB) has raised its forecast for India's economic growth in FY27 to 7 per cent, up from 6.6 per cent projected in July, citing stronger-than-expected economic performance in the first quarter despite supply-side disruptions caused by West Asia crisis.
India's private sector activity gains momentum in September: HSBC Flash India Purchasing Managers’ Index (PMI) data showing India’s private sector activity strengthened in September, led by a sharper improvement in manufacturing. The HSBC Flash India Composite Output Index rose to 56.5 in September from a final reading of 54.3 in August, signalling the strongest expansion in private sector activity since June.
Public capex boosts private investment, capital formation: Finance Minister Nirmala Sitharaman has said that public capital expenditure (capex) in India has successfully crowded in private investment, and the impact now reflected in higher capital formation, improved manufacturing capacity utilisation and stronger bank credit to industry.
