Indian Equity Markets Expected to Open on a Positive Note

Strategic Insights -

Finance Minister Nirmala Sitharaman announced that negotiations for proposed free trade agreements with the US and EU are progressing at a fast pace and will be concluded soon, providing a boost to the Indian economy. Additionally, the country's ability to deepen its strategic partnership with Mauritius and sign a trade pact with the UK by the end of July are significant developments that will positively impact the market. However, foreign fund outflows by Foreign Institutional Investors (FIIs) may limit the upside potential.

Key Takeaways:

  • The Indian equity market is expected to make a gap-up opening on Wednesday, driven by positive global cues following a ceasefire agreement between Israel and Iran.
  • Finance Minister Nirmala Sitharaman stated that trade agreements with the US and EU are progressing at a fast pace and will be concluded soon.
  • Prime Minister Narendra Modi and his Mauritian counterpart, Navinchandra Ramgoolam, reaffirmed their commitment to deepen the Enhanced Strategic Partnership between India and Mauritius.
  • India and the UK are expected to sign a free trade agreement by the end of July.
  • The Directorate General of Civil Aviation (DGCA) reported that India's domestic air passenger traffic increased 1.89% to 140.56 lakh in May compared to the same month last year.
  • Foreign Institutional Investors (FIIs) were net sellers in Indian equities, selling Rs 1,874 crore on June 23, 2025.
  • India's outward foreign direct investment (OFDI) commitments declined 8.45% to $2,830.35 million in May 2025.
  • The ongoing Israel-Iran conflict may impact India's exports in the Gulf region for the short term.

Statistics:

  • India's domestic air passenger traffic increased 1.89% to 140.56 lakh in May compared to the same month last year (DGCA).
  • Foreign Institutional Investors (FIIs) were net sellers in Indian equities, selling Rs 1,874 crore on June 23, 2025.
  • India's outward foreign direct investment (OFDI) commitments declined 8.45% to $2,830.35 million in May 2025.
  • The BSE Sensex rose 158.32 points or 0.19% to 82,055.11, and the CNX Nifty was up by 72.45 points or 0.29% to 25,044.35.

Sources:

  • "Finance Minister says trade agreements with US, EU to be concluded soon" - Not specified.
  • "India imposes anti-dumping duty on six Chinese products" - Not specified.
  • "Aviation stocks will be in limelight" - Not specified.
  • "India, UK to sign trade pact by July end" - A private report.
  • "India imposes anti-dumping duty on six Chinese products" - Not specified.
  • "DGCA report" - Not specified.
  • "Accord Fintech" - "Disclaimer" section.