Indian equity markets are likely to make gap-up opening on Wednesday, tracking positive global market cues. Traders are likely to take some support from optimism surrounding a potential India-US trade deal. Meanwhile, investors will be closely monitoring the release CPI inflation data for October 2025.

Some of the key factors to be watched:

Next generation GST reforms led to growth in sales across sectors: Union Finance Minister Nirmala Sitharaman has said that the implementation of next generation GST reforms on September 22 has led to a growth in sales across sectors, including automobiles, consumer durables, e-commerce among others.

India wants fair, equitable, balanced trade deal with US: Commerce and Industry Minister Piyush Goyal has said that India wants a fair, equitable, balanced trade deal with the US and it will not compromise on the interests of farmers, fishermen, and the dairy sector.

Crisil’s Financial Conditions Index signals improvement in October: Crisil’s latest Financial Conditions Index (FCI), which rose to -0.3 in October from -0.6 in September, showed that domestic financial conditions registered marked improvement in October amid heightened optimism over India’s economic output.

Net direct tax revenues jump 7%: Government data showed that Net direct tax collection has grown 7 per cent so far this fiscal year to over Rs 12.92 lakh crore on higher corporate tax mop-up and slower refunds.

India, New Zealand negotiations for FTA almost concluded: The report said that the negotiations for the proposed free trade agreement between India and New Zealand have almost concluded.

On the global front: The US markets ended mostly in green on Tuesday amid optimism about an end to the record-setting U.S. government shutdown. Asian markets trading in green on Wednesday, tracking overnight cues from Wall Street.  

Back home, Indian equity benchmarks bounced back from initial losses and ended with remarkable gains on Tuesday driven by a buying rush in Telecom, Capital Goods and TECK shares amid optimism on a US-India trade deal. However, elevated crude oil prices and foreign fund outflows weighed on investor sentiment. Finally, the BSE Sensex rose 335.97 points or 0.40% to 83,871.32 and the CNX Nifty was up by 120.60 points or 0.47% to 25,694.95. 

Some of the important factors in trade:

India's outward FDI falls 17% in October 2025: The Reserve Bank of India (RBI) in its latest data report has showed that India’s outward foreign direct investment (OFDI) commitments declined 16.56 per cent to $3,140.96 million in October 2025, from $3,764.54 million in October 2024. 

India’s unemployment rate falls to 5.2% in July-September: Ministry of Statistics report said that the unemployment rate (UR) in India among persons of age 15 years and above declined to 5.2 per cent in July-September this year from 5.4 per cent in the previous quarter of April-June.

India, Vietnam sign agreement to expand defence cooperation: The defence ministry has said India and Vietnam have inked a pact to set up a framework for submarine search, rescue and support mechanism in case of any eventualities. The two sides also signed a letter of intent (LoI) to strengthen bilateral defence industry collaboration.