Indian markets will track developments on trade policy and corporate earnings on Thursday, with the government set to hold talks with the European Union over carbon tax-related concerns, according to a senior steel ministry official cited by Informist.
The discussions come amid industry worries over the European Union’s Carbon Border Adjustment Mechanism (CBAM), which could impact Indian steel exports. The outcome of the talks may have implications for domestic metal producers and broader trade flows.
On the corporate front, earnings for the October–December quarter are due from companies including ABB India, CIE Automotive India and Sattva Sukun Lifecare.
Several companies will also hold board meetings. ABB India will consider a dividend declaration, while Dhampure Speciality Sugars is set to discuss fund-raising plans. Mac Hotels will consider increasing its authorised share capital and raising funds, and Regal Entertainment & Consultants is slated to review a proposed rights issue.
In the previous session, Indian equities closed higher. The benchmark BSE Sensex rose 283.29 points to 83,734.25, while the Nifty 50 gained 93.95 points to 25,819.35.
Provisional data showed foreign institutional investors (FIIs) were net buyers of 11.54 billion rupees on Feb. 18, while domestic institutional investors (DIIs) bought 4.40 billion rupees worth of shares. FIIs were also net buyers in NSE index and stock futures.
Globally, U.S. equities ended higher on Wednesday, with the S&P 500 and the Dow Jones Industrial Average posting a third straight session of gains. Technology stocks rebounded after recent weakness linked to artificial intelligence-related concerns, while investors parsed minutes from the latest Federal Reserve meeting.
