Bumper GST collection, FII inflows, other 3 positive triggers for Dalal Street now, explains Anil Singhvi

Indian equities amid improving global cues and strong domestic macros are trading with remarkable strength in Friday’s session. At around 10:23 am, the 30-share Sensex has galloped 1.05 per cent or 844 points to 81,086.56, while the Nifty50 has reclaimed 24,550 levels. At the day’s high, Nifty is trading nearly 7 per cent below its all-time high of 26,277 marked last year in September.

Talking about the positive triggers influencing the D-Street for now, Zee Business Managing Editor Anil Singhvi pointed out the following:

No news of escalation of tension between India and Pakistan

After the April 22 terrorist attack in Pahalgam, the US President JD Vance on Thursday advised India that its response to the attack should be measured to avoid a  “wider regional conflict”. This comes as the Pakistani military continues to bolster its presence along the Indian border and has placed artillery and air defense troops in strategic positions.

Nonetheless, with no major escalation in the ties, Singhvi sees this as a big posiitve for the D-Street.

FIIs, DIIs large-scale buying continues

Showing their conviction, FIIs or foreign institutional investors have turned net buyers in Indian equities for the second straight month in April- with equity purchase of 2,735 crore. 

FII buying has been driven by weakness in the dollar and declining growth prospects in the US.

Further, bolstering the sentiment on the street, domestic institutional investors or DIIs have net bought equity worth Rs 28,228.45.

Record GST collection

For April month, India recorded a huge goods and services tax (GST) of Rs 2.37 lakh crore in April, marking a 12.6 per cent year-on-year (YoY). Experts hail it as an indication of the country’s underlying economic strength.

Wall Street’s 8-day winning streak

The 8-day gaining run on Wall Street will also favour the D-Street as per Anil Singhvi. Notably, GDP of the world’s most developed economy has taken a hit after 3 years and this would likely propel US President Donald Trump to soften his stance on trade war. As it is amid mild positive signals from China, the Dow futures are trading firm.

Also Read: PNB Housing Finance shares zoom 8% after 4.19% equity change hands via block deal

Adani Group’s strong results

For the March quarter, the Group’s flagship firmAdani Enterprises reported a 753 per cent rise in consolidated net profit to  Rs 3,845 crore for the fourth quarter of the financial year 2024-25 (FY25), as against Rs 451 crore reported during the same period last year.

Singhvi added that for now the only risk is the escalation of tension on the border.