Indian Stocks Flat Amid Global Weakness; RPG, Lemon Tree Moves

Indian equities are set for a flat-to-negative opening on Thursday, tracking weak global cues.

This anticipated muted start comes despite continued foreign fund inflows into the Indian market, offering a degree of support.

Global Market Dynamics

US markets closed sharply lower on Wednesday, with investors reacting to several international and domestic developments.

Renewed fighting in the Middle East, rising oil prices, and persistent concerns within the technology sector collectively influenced global investor sentiment.

The Federal Reserve maintained the federal funds rate at 3.50%-3.75% in July 2026, marking the fifth consecutive meeting without a change, aligning with market expectations.

Furthermore, the Energy Information Administration (EIA) reported a much sharper-than-expected pullback in US crude oil inventories for the week ended July 24th.

Domestic Market Drivers

Despite the prevailing global headwinds, foreign institutional investors (FIIs) extended their buying streak in India.

FIIs purchased Indian equities worth Rs 2,981 crore on July 29, indicating continued foreign capital interest.

Commerce and Industry Minister Piyush Goyal stated that the India-US trade pact will become operational once India gains a comparative advantage in its initial phase.

Company Spotlights

RPG Life Sciences has completed a strategic business transfer, executing a Business Transfer Agreement.

The company transferred its Active Pharmaceutical Ingredients (API) business to RPG Active, a wholly owned subsidiary.

This move aims to create a focused API business, providing it with dedicated capital and management attention.

RPG Life Sciences will concurrently continue to build its formulations business alongside this focused API unit.

Separately, Lemon Tree Hotels announced an expansion of its property portfolio, signing two new properties.

These new additions are located in Nepal and Andhra Pradesh, signaling growth in the hotel chain’s geographical footprint.