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Benchmarks likely to make negative start amid mixed global cues
Mar-11-2026

Indian equity markets are likely to make negative start on Wednesday tracking mixed global market cues as traders may remain cautious about developments in the ongoing U.S.-Iran conflict. The withdrawal of funds by foreign investors may be weighed on sentiment. On Tuesday, foreign institutional investors offloaded equities worth Rs 4,672.64 crore, according to exchange data.

Some of the key factors to be watched: 

Middle East conflict may pose downside risks to India's FY27 GDP growth: The rating agency ICRA said escalating conflict in West Asia could pose downside risks to India's economic growth outlook if the conflict persists. It expects India's real GDP growth to be around 7.1 per cent in FY27, slightly lower than the 7.6 per cent estimated for FY26. 

India's software exports touch $222 billion in 2024-25: The Electronics and Computer Software Export Promotion Council said that the export of computer software and services, including ITeS and BPO, increased by 11 per cent on a year-over-year basis to $222 billion in 2024-25. The exports were at $200 billion in 2023-24.

Govt eases FDI norms for China, other countries sharing land border with India: The government has eased norms for foreign direct investment from all countries, including China, that share land borders with India.

Fiscal deficit as percentage of GDP revised upwards for FY23 to FY25 after GDP base revision: The government said that the fiscal deficit as a percentage of GDP for three financial years till 2024-25 has been revised upwards following the revision in base year for calculation of GDP. 

Textile sector stocks will be in focus: A report released by Union Textiles Minister Giriraj Singh said that India's textile recycling market could reach $3.5 billion by 2030, with the potential to generate around one lakh green jobs.

On the global front: The US markets ended mostly in red on Tuesday as wall street waited for the next signal on when the war with Iran may end. Asian markets are trading mostly in green on Wednesday as investors evaluated developments in the ongoing Middle East conflict. 

Back home, snapping two-day losing streak, Indian equity benchmarks staged a sharp recovery and ended nearly a per cent higher on Tuesday, following a drop in crude oil prices and recovery in global peers amid hopes that the conflict in West Asia could end soon. Finally, the BSE Sensex rose 639.82 points or 0.82% to 78,205.98 and the CNX Nifty was up by 233.55 points or 0.97% to 24,261.60.

Some of the important factors in trade:

FTAs provide Indian MSMEs opportunities to access major developed markets: Union Minister Jitin Prasada has said that recent Free Trade Agreements (FTAs) with regions including the European Union, the United Kingdom, Australia, New Zealand and other major markets give Micro, Small and Medium Enterprises (MSMEs) access to major developed markets.  

RBI pumps Rs 50,000 crore into banking system through OMO Purchases: The Reserve Bank of India (RBI) has injected Rs 50,000 crore into the banking system by purchasing government securities through Open Market Operations (OMO). Under this, the central bank purchased several bonds with different maturity periods. 

Fertiliser stocks remain in watch: The Fertiliser Association of India (FAI) has assured that there are adequate stockpiles of fertiliser in the country to meet the demands of the upcoming kharif season. The country’s total fertiliser reserves stood at 177.31 lakh tonnes as of March 6, 2026, up 36.5% from 129.85 lakh tonnes a year earlier. 
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