Indian Stocks Rise on Strong IIP Data & FII Inflows
By ThePip Desk
Indian equity markets are set for a higher open, boosted by robust 7.3% IIP growth in June and significant FII inflows, despite cautious sentiment ahead of Fed rates.
Indian equity markets are poised for a positive start on Wednesday, fueled by healthy quarterly results from domestic companies and significant industrial production figures. Foreign Institutional Investors (FIIs) also turned net buyers, injecting capital into the market.
- India’s industrial growth jumped to 7.3% in June.
- FIIs purchased equities worth Rs 755.33 crore on Tuesday.
The positive domestic sentiment is further bolstered by strong quarterly earnings reported by India Inc. Traders, however, are maintaining a cautious stance ahead of a crucial Federal Reserve interest rate decision expected later today.
Global Market Signals and Key Data
Globally, US markets concluded Tuesday mostly higher, supported by a decline in crude oil prices. Optimism regarding a potential resolution to the U.S.-Iran conflict also contributed to the upward trend.
- US wholesale inventories rose 0.3% month-over-month in June 2026.
- Preliminary data showed US wholesale inventories reached $945.9 billion in June 2026.
Asian markets are exhibiting a mixed performance on Wednesday as global investors digest various economic indicators. The overall international climate provides a supportive, albeit varied, backdrop for Indian equities.
Corporate Developments and Strategic Moves
In corporate news, several key announcements are shaping market interest. CarTrade Tech has forged a strategic partnership to enhance the used-car market.
- CarTrade Tech partnered with Spinny to improve used-car buying and selling in India.
- Inox Wind (IWL) secured a repeat order for 200 MW turbines.
- Lemon Tree Hotels signed Keys Select by Lemon Tree Hotels in Panthpiplai, Ujjain, Madhya Pradesh.
This collaboration between CarTrade Tech and Spinny will leverage OLX India and CarWale’s market reach, technology, and data with Spinny’s operational capabilities. These developments signal continued activity and growth across various sectors.