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Markets likely to make cautious start amid mixed global cues
Nov-04-2026

Indian equity markets are likely to make a cautious start on Wednesday, tracking mixed cues from global peers as investors await the US midterm election results, which could influence the outlook for fiscal policy, taxation, regulation and government spending. However, some support may come from foreign institutional investors (FIIs), who remained net buyers in Indian equities for the third straight session on Tuesday, purchasing shares worth Rs 6,836.81 crore.  

Some of the key factors to be watched: 

India's data centre capacity to expand fivefold to 7.5 GW by 2030: Crisil Ratings said India's data centre industry is poised for an unprecedented investment boom, with installed capacity expected to increase five-fold to around 7.5 gigawatts (GW) by March 2030, attracting investments of more than Rs 3 lakh crore over the next four financial years. 

Niti Aayog, TEXMiN boost India's critical minerals ecosystem: Niti Aayog and Technology Translation Research Park (TEXMiN), an initiative of the Department of Science and Technology (DST), at IIT Dhanbad have signed a statement of intent to strengthen collaboration in the critical and strategic minerals sector.

Indian Envoy, PetroChina discuss global energy & secure supply: Indian Ambassador to China Vikram Doraiswami has met PetroChina International Chairman Wu Junli and discussed global energy issues and the need for predictable and secure energy supplies. 

India's solar manufacturing industry can generate 32 lakh jobs, attract $89 billion investment by 2047: A report by the Indian Solar Manufacturers Association (ISMA) said India could transform its solar manufacturing industry into a fully integrated global powerhouse by 2047, creating 32.3 lakh direct and indirect jobs and attracting $89 billion in manufacturing investment.

RBI eases reporting norms for small service exporters & importers: The Reserve Bank of India (RBI) has eased reporting requirements for small service exporters and importers, including relaxing rules for filing export declarations. It has made amendments to the Foreign Exchange Management (Export and Import of Goods and Services) Regulations.

Global front: The U.S. markets settled mostly in green on Tuesday as investors rotated back into chipmakers and other AI linked stocks. Asian markets are trading mostly in red on Wednesday amid uncertainty over the US-Iran peace talks.  

Back home, Indian equity benchmarks continued their positive momentum for the fourth day in a row on Tuesday, ending over one and half per cent higher, led by gains in FMCG, Realty and Consumer Durables stocks. Sentiment remained supported by encouraging corporate earnings and signs of renewed foreign investor participation. According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 3,114.68 crore on Monday. Finally, the BSE Sensex rose 1225.07 points or 1.62% to 76,917.85 and the CNX Nifty was up by 370.05 points or 1.58% to 23,810.85.

Some of the important factors in trade: 

Govt to support economic growth by undertaking Capex until private investment increases: Union Finance Minister Nirmala Sitharaman has said that the government will continue to support economic growth by undertaking capital expenditure (Capex) until private sector investment gains momentum. 

Central govt's fiscal deficit likely to exceed budget estimate in 2026-27: SBI Research in its report has said that the central government's fiscal deficit is likely to exceed the budget estimate by Rs 1.2 lakh crore in 2026-27, primarily due to structural factors, including higher expenditure on fertiliser, LPG and petroleum subsidies, along with the impact of the revised GDP base year.

India pushes for stronger trade, investment partnership with EU during high-level talks in Brussels: India and the European Union (EU) have stepped up engagement to deepen their economic ties, with Commerce Secretary Rajesh Agrawal holding high-level meetings with key European Commission officials in Brussels.

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