Indian equity markets are likely to make gap-up opening on Wednesday, amid easing crude oil prices as fears of a renewed U.S.-Iran escalation fade. Sentiments may remain upbeat as foreign institutional investors (FIIs) turned net buyers of Indian equities on Monday, purchasing shares worth Rs 7,212.22 crore. Meanwhile, markets were closed on Tuesday on account of Diwali Balipratipada.
Some of the key factors to be watched:
India, France discuss critical technologies, supply chain security: India and France have discussed supply chain vulnerabilities, critical technologies, cyber security and safeguarding strategic supplies during Foreign Secretary Vikram Misri's visit to Paris, as the two sides held talks on strengthening their strategic partnership.
India well on track to achieve $1 trillion exports target for FY27: Commerce and Industry Minister Piyush Goyal said that India's goods and services exports are registering healthy growth, and the country is well on track to achieve the $1-trillion target for the current fiscal year.
India, EU resolve to boost tech and investment ties ahead of sealing of landmark trade deal: Weeks ahead of inking of a mega trade pact, India and European Union (EU) have vowed to boost their ties in trade and investment, quantum technologies, semiconductors and biotechnology to deliver ‘mutually beneficial and transformative’ outcomes.
Two-member US team visits India for talks on trade, customs facilitation: The report said that a two-member team of US officials visited India this month for talks on trade and customs facilitation issues. It added that both sides are in regular touch on the finalisation of the first phase of the bilateral trade agreement (BTA).
RBI's $239 billion forward dollar position to limit rupee gains despite FPI inflows: The Reserve Bank of India's net short position of $239 billion in the forward market is likely to limit the rupee's appreciation despite a recovery in foreign portfolio investor (FPI) inflows.
On the global front: The US markets ended in red on Tuesday, as a sell-off in Nvidia shares and stronger-than-expected inflation data hardened expectations for a rate hike from the Federal Reserve next month and fueled concerns the central bank may be more aggressive in raising rates. Asian markets were trading mostly higher on Wednesday, despite the broadly negative cues from Wall Street overnight.
Back home, Indian markets recovered from their intra-day losses to end Monday’s range-bound session in positive territory, as buying interest in banking, PSU and healthcare stocks outweighed weakness in telecom and technology shares. Markets initially witnessed selling pressure as investors booked profits following the previous week’s sharp rally. However, easing crude oil prices provided some support to domestic market sentiment. Brent crude prices slipped below the $97 per barrel mark, while WTI crude traded below $90 per barrel, after the US President indicated that renewed US attacks on Iran were ‘highly unlikely’.
Some of the important factors in trade:
India, EU conclude negotiations on Euro 93.5 billion Horizon Europe Programme: India and the European Union (EU) have finalised negotiations on India’s association with Horizon Europe, the Euro 93.5 billion European Union research and innovation programme. The development comes weeks before India and the 27-nation bloc are set to seal a landmark free trade agreement.
India explores business, investment opportunities with Hungary during high-level meetings: India and Hungary are exploring avenues to expand trade, investment and industrial partnerships across several high-potential sectors. In this regard, Minister of State for Commerce and Industry, and Electronics and Information Technology, Jitin Prasada, visited Hungary from November 4-6, 2026.
India's forex reserves drop by $2.69 billion to $717 billion: Traders overlooked that RBI said India's forex reserves dropped by $2.691 billion to $717.056 billion during the week ended October 30. In the previous week, the forex kitty had reduced by $1.269 billion to $719.748 billion.