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Defiance Daily Target 2X Long BITF ETF

Pulse Biosciences

T-REX 2X Long MSTR Daily Target ETF

Tradr 2X Long APLD Daily ETF

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INDA

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INDY

Indian rupee rises 1.4% on week, best weekly gain since January 2023

marketscreener

ISHARES INDIA

ISHRS MSCI India

ISHRS MSCI India S-Cap

Wtree India Earnings

Xtrackers Nifty 500 India ETF

ISHARES INDIA-U

iShares India 50

Indian rupee rises 1.4% on week, best weekly gain since January 2023

INDIA RUPEE-Rupee pushes weekly rally into RBI policy, aided by possible one-off flows

Nippon Life Insurance Co.

INDIA RUPEE-Rupee pushes weekly rally into RBI policy, aided by possible one-off flows

Rapid advances in AI, particularly from Anthropic, are raising concerns among analysts about potential erosion of high-margin application services revenues in the IT sector. Shares of Indian software exporters fell significantly, reflecting fears of compressed project timelines and disruption to labor-intensive business models. Jefferies warned of growth pressures, while JPMorgan suggested the selloff may be overdone, arguing that not all enterprise software will be replaced by new AI tools. Kotak Institutional Equities described the market reaction as excessive panic.

Yahoo Finance

Ps India Port

Anthropic's AI push raises analyst concerns over IT services revenues

INDL

India's government has increased the tax rate on stock derivatives, impacting arbitrage fund managers who are now facing reduced returns. This unexpected tax hike, aimed at curbing speculative trading, threatens the $36 billion arbitrage fund industry. The higher costs associated with executing spot-futures arbitrage strategies could significantly diminish investor returns, as noted by Aditya Agarwal from Wealthy.in, given that arbitrage spreads are typically narrow at 0.6%–0.8% monthly.

CoinLive

Direxion Daily MSCI India Bull 2X

India's Tax Hike on Stock Derivatives Threatens Arbitrage Funds

The Union Budget for FY 2026-27 aims to drive India's growth through fiscal discipline and increased capital expenditure, targeting a fiscal deficit of 4.3% of GDP. Key initiatives include a record Rs 12.22 lakh crore for public capex, with significant allocations for railways and roads. Defence spending rises by 5% to Rs 6 lakh crore, focusing on modernization. Tax reforms simplify compliance, while changes in capital markets affect trading costs and investment limits for NRIs. Overall, the budget supports India's transition to a developed nation by 2047, emphasizing infrastructure and inclusive growth.

- The Union Budget for FY 2026-27 aims to position India as a developed nation by 2047, focusing on fiscal consolidation with a target deficit of 4.3% of GDP.  
- Key allocations include an 11.5% increase in public capital expenditure to Rs 12.22 lakh crore, significant funding for railways and defense, and tax reforms for compliance improvement.  
- These measures are expected to enhance infrastructure and economic stability, reinforcing India's role as a resilient player in global growth despite limited short-term impacts.

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Steady Budget: Driving growth through fiscal discipline and sustained capex

The recent India-US trade deal, announced on February 2, significantly lowers tariffs on Indian goods to 18%, enhancing India's competitiveness in global markets. This structural shift positions India as the lowest-tariff large manufacturing platform, benefiting sectors like textiles, auto components, and chemicals. The deal also nudges India away from Russian oil while providing the US with a growth market for energy and technology. As a result, markets reacted positively, strengthening the rupee and attracting foreign capital, indicating a repricing of India's role in global portfolios.

- The recent India-US trade deal announced on February 2 aims to reposition India in global trade, with the US reducing tariffs on Indian goods to 18%.  
- India will lower tariffs on US products and purchase over $500 billion in various sectors, making it a more competitive manufacturing platform against other emerging markets.  
- This structural shift benefits India primarily in labor-intensive exports and positions it as a key player in global supply chains, attracting foreign capital and enhancing its role in international trade.

With fiscally disciplined budget, US deal acts as a magnet for foreign capital; India’s role in global portfolios set for repricing

India's Economic Affairs Secretary has expressed the country's ambition to surpass its asset divestment target of 800 billion rupees. According to Jin10, the strategy involves a combination of asset reduction, privatization, and asset securitization. This approach is part of India's broader economic plan to optimize its financial resources and enhance economic growth. The government is focusing on efficient asset management to achieve its fiscal objectives, aiming to leverage these measures for better economic outcomes.

India Aims to Exceed Asset Divestment Target Through Strategic Measures

NFTY

Rajeev Thakkar, CIO of PPFAS Mutual Fund, commented on the recent India-US trade deal, stating it reduces market uncertainty but won't significantly change long-term investment strategies or valuations. He anticipates short-term gains in textiles, gems, jewellery, and shrimp exports, but emphasizes that larger sectors like IT and pharma remain unaffected. PPFAS maintains a defensive stance with 22% cash holdings, focusing on valuation opportunities rather than tariff changes. While the trade deal may provide immediate market relief, broader factors will ultimately guide portfolio strategies.

First Trust India Nifty 50 Equal Weight

Rajeev Thakkar on India-US Trade Deal: ‘Tariffs Don’t Change Valuations’

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Indian equity benchmarks are expected to open higher due to a new trade deal with the U.S., which reduces tariffs on Indian goods from 50% to 18%. This agreement is anticipated to attract foreign investment, alleviating concerns over India's geopolitical isolation. Analysts predict that the deal will lift the pressure of foreign outflows, as foreign portfolio investors have sold $23 billion in shares since early 2025. The market outlook is positive, with India being viewed as an attractive investment destination due to its growth potential and strategic importance.

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Nomura Holdings, Inc.

Indian shares set for gap-up open after US trade deal

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India is considering utilizing the e-rupee across borders to lessen payment expenses, boost trade settlement efficiency, and enhance the global standing of the rupee.

Unusual Whales

GX INDIA TOP 10

CAM MSCIINDIA

India aims to expand e-rupee use across borders to cut payment costs, boost trade efficiency, and increase global rupee impact.

Budget 2026 emphasizes fiscal prudence, capacity building, and investment confidence, aiming for resilient growth amid global volatility. Key focuses include fiscal stability, attracting foreign investment, and simplifying taxation. The fiscal deficit target is set at 4.3% of GDP, with significant cuts in subsidies. Strategic allocations address critical challenges in sectors like rare earth minerals and infrastructure. Despite a negative market reaction to increased Securities Transaction Tax, the outlook for Indian equities remains positive, driven by expected earnings growth in FY27 due to stable macro conditions and supportive policies.

- The Budget 2026 focuses on fiscal stability, attracting foreign investment, and improving taxation ease amid changing global dynamics and currency depreciation.  
- It targets a fiscal deficit of 4.3% of GDP, emphasizes subsidy cuts, and allocates funds to critical areas, including infrastructure and manufacturing.  
- Despite negative equity market reactions due to tax changes, the outlook for Indian equities is positive, supported by expected economic growth and policy improvements in FY27.

Avantis Emerging Markets Equity ETF

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iShares MSCI EM Market Asia

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Wisdomtree EM High Dividend Fund

SPDR S&P Em Mkt Dvd

VG Em Mkts

SPDR Em Mkt

Schw Em Mkt

iShares MSCI Em

Dimensional Emerging Markets Value ETF

iShares Core MSCI EM

Budget 2026 prioritises fiscal prudence, capacity creation and investment confidence, positioning India for resilient growth despite volatility

Karan Marwah from Grant Thornton Bharat highlights that India's FY 2026/27 budget is designed with a long-term vision aimed at achieving milestones by 2047. He supports the hike in Securities Transaction Tax (STT) as a measure to reduce speculative trading and discusses potential opportunities in sectors targeted for government support, along with reforms to improve the ease of doing business.

India’s FY 2026/27 budget is not short-term, but aimed at 2047 milestones, says analyst

India's bond market faces potential losses due to a record-high debt issuance plan announced by Finance Minister Nirmala Sitharaman, with the government set to borrow 17.2 trillion rupees ($187 billion) in the upcoming fiscal year. This marks an 18% increase from the previous estimate and exceeds forecasts. Traders predict a rise in the 10-year government bond yield by 4 to 5 basis points, with ICICI Securities expecting yields to reach 7% soon. Rising financing costs may further strain India's economy amid high tariffs and limited rate cut options from the central bank.

India's Record Debt Issuance Expected to Impact Bond Market

The Indian government's budget for 2026-27 includes an increase in Securities Transaction Tax (STT) on Futures and Options, aimed at redirecting funds from unproductive trading to economic activities. A high-level committee will review the banking sector, potentially leading to the privatization of public sector banks and attracting foreign investment. However, the rise in capital expenditure amidst declining tax revenues may increase government borrowing and the cost of funds. Overall, the budget is seen as a positive step for the Indian economy in the medium to long term.

- The 2026-27 budget highlights include an increase in Securities Transaction Tax (STT) on F&O transactions intended to redirect funds toward productive economic activities.  
- A high-level committee will be established to review the banking sector, potentially facilitating the privatization of public sector banks and attracting foreign capital.  
- However, increased capital expenditure amid declining tax revenues may lead to higher government borrowing, raising the cost of funds in the economy.

Budget 2026: STT hike, capex push and banking committee mark a step in the right direction for Indian economy

The recent budget scores 4/10 on the India Budget Strength Index, maintaining fiscal discipline but compromising market competitiveness due to increased Securities Transaction Tax (STT) on derivatives. The STT hike raises trading costs, potentially reducing derivatives volumes and overall liquidity, which could deter global investors. This budget, while protecting the sovereign balance sheet, fails to enhance India's attractiveness for global capital, risking higher costs of capital and diminished liquidity depth in the capital markets.

Franklin FTSE India(FLIN.US)

Indian rupee rises 1.4% on week, best weekly gain since January 2023

INDIA RUPEE-Rupee pushes weekly rally into RBI policy, aided by possible one-off flows

Anthropic's AI push raises analyst concerns over IT services revenues

India's Tax Hike on Stock Derivatives Threatens Arbitrage Funds

Steady Budget: Driving growth through fiscal discipline and sustained capex