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Markets likely to make positive start on Friday
Oct-09-2026

Indian equity markets are likely to make a positive start on Friday amid a technical rebound on short-covering after a sharp sell-off in the previous session. However, sentiment may remain cautious on weak global market cues amid renewed Middle East tensions. Meanwhile, foreign institutional investors (FIIs) extended their selling spree, offloading equities worth Rs 12,943.58 crore on Thursday. 

Some of the key factors to be watched: 

Retail securitisation jumps 42% to record Rs 1.46 lakh crore in H1: Crisil Ratings in its report said India's retail assets securitisation market grew 42 per cent year-on-year to a record Rs 1.46 lakh crore in the first half of the current fiscal year (H1FY27) from 1.03 lakh crore a year ago, driven by a sharp rise in gold loan securitisation. 

India Inc's Q2 revenue growth to moderate to 16-16.5%: Crisil Intelligence in its report said India Inc's revenue is estimated to grow 16-16.5 per cent year-on-year in the second quarter of the current fiscal (Q2FY27), moderating from 17.4 per cent in the preceding quarter.  

RBI to conduct Rs 1.5 lakh crore 10-day VRRR auction to absorb excess surplus liquidity: The Reserve Bank of India (RBI) said it will conduct a 10-day variable rate reverse repo (VRRR) auction for a notified amount of Rs 1.50 lakh crore to remove excess surplus liquidity in the banking system.

India, ASEAN boost energy cooperation & power grid 2026-30: Union Minister Shripad Yesso Naik has underlined India's commitment to regional energy security and sustainability, calling for cooperation under the ASEAN–India Plan of Action 2026–2030, including the ASEAN Power Grid and cross-border power transmission.

Goyal confident India will hit $1 trillion export target: Commerce and Industry Minister Piyush Goyal has expressed confidence that India would achieve $1 trillion in exports of goods and services during the current fiscal. In 2025-26, the country's exports touched an all-time high of $863 billion.

Global front: The U.S. markets ended mostly in red on Thursday as crude prices surged on a spike in Middle East tensions and a cut in US output that fed inflation and rate-hike fears, while semiconductor stocks slumped. Asian markets are trading mostly in red on Friday following overnight losses on Wall Street.

Back home, falling for the second day running, Indian equity benchmarks experienced a significant decline on Thursday as a steep rise in global crude oil prices and concerns over prolonged tight monetary conditions rattled investor sentiment. Brent crude surged around 5 per cent and crossed the $105-per-barrel mark, stoking fears of persistent inflationary pressures. Finally, the BSE Sensex fell 1045.46 points or 1.44% to 71,593.24 and the CNX Nifty was down by 371.25 points or 1.64% to 22,231.80. 

Some of the important factors in trade:

Business conditions across services sector strengthen in Q2:2026-27: The Reserve Bank of India (RBI) in its latest quarterly services and infrastructure outlook survey has showed that business conditions across the services sector strengthened in Q2:2026-27, with firms reporting improvement in turnover and full-time employment. 

Massive surplus liquidity in India's banking system to be absorbed within FY27 itself: RBI Governor Sanjay Malhotra has said the massive surplus liquidity in India's banking system will be absorbed within the current financial year itself (FY27), through various means such as currency leakage, the Reserve Bank's liquidity operations and banks' reserve requirements. 

FIEO raises concern over higher financial burden on exporters: Against the backdrop of 25 basis points policy repo rate hike by the Reserve Bank of India (RBI), apex exporters body - Federation of Indian Export Organisations (FIEO) has raised concerns over higher borrowing costs leading to rise in financial burden on exporters, particularly MSMEs, at a time when global trade is facing heightened uncertainty.

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