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Markets likely to make negative start on Wednesday
Sep-30-2026

Indian equity markets are likely to make a negative start on Wednesday, amid continued tensions between the US and Iran. Sentiments may remain subdued as foreign institutional investors (FIIs) continued their selling spree, offloading equities worth Rs 9,980.22 crore on Tuesday.

Some of the key factors to be watched:

Sitharaman meets Qatari ministers, discusses investment treaty, FTA engagements: Finance Minister Nirmala Sitharaman met Qatari ministers of finance and foreign trade and discussed completing the Bilateral Investment Treaty and engagement for a free trade agreement (FTA).

10 service sub-sectors record double-digit growth in July: The Index of Services Production (ISP) data showed that as many as 10 out of 19 service sub-sectors recorded double-digit growth in July. The ISP data, published on a trial basis, showed that 17 sub-sectors recorded positive growth in July.

FM Sitharaman meets AIIB President, suggests expansion of financing beyond physical infra: Finance Minister Nirmala Sitharaman met Asian Infrastructure Investment Bank (AIIB) President Zou Jiayi and suggested the multilateral development bank expand its financing focus to include newer infrastructure that centres on AI, MSMEs, and skilling.

CII urges businesses to capitalise on India-UK FTA opportunity: Narayan Sethuramon, chair of the Confederation of Indian Industry (CII) Trade Policy Council said that the implementation of the India-UK Free Trade Agreement (FTA) to open up markets is a great achievement, and now it is important that businesses capitalise on this ‘time-bound’ opportunity.

Govt likely to extend RoDTEP scheme for exporters: The reports said that the government is expected to extend the duty refund scheme - Remission of Duties and Taxes on Exported Products (RoDTEP) - for exporters.

Global front: The US markets ended lower on Tuesday pressured by rising Treasury yields. Asian markets are trading mostly higher on Wednesday, despite the broadly negative cues from Wall Street overnight.

Back home, Indian equity benchmarks erased most of their initial losses but ended lower for the second consecutive session on Tuesday as elevated crude oil prices triggered by uncertainty over the West Asia situation and foreign fund outflows weighed on investor sentiment. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,353.22 crore on Monday, according to exchange data. Finally, the BSE Sensex fell 242.65 points or 0.33% to 72,529.07 and the CNX Nifty was down by 64.05 points or 0.28% to 22,716.20.

Some of the important factors in trade: 

India’s industrial growth rises to 8.0% in August: The Ministry of Statistics and Programme Implementation (MoSPI) in its quick estimates has shown that industrial growth rose to 8.0 percent in the month of August 2026 (Base 2022-23=100) from a revised growth of 7.4 percent in July 2026 led by robust growth in manufacturing and electricity generation. 

India, UAE to deepen trade, investment ties; target $200 billion trade by 2032: With an aim to increase two-way commerce to $200 billion by 2032, India and the UAE have agreed to take steps for the timely implementation of initiatives relating to settlement of trade in local currencies, integration of payment and messaging systems, and central-bank digital currencies.

India's merchandise exports increase by 15% up to September 21 this fiscal: Commerce and Industry Minister Piyush Goyal has said that India's merchandise exports increased by 15 per cent up to September 21 in the current financial year (FY27) despite global economic uncertainties stemming from the ongoing US-Iran conflict. 

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