πŸ”Ή Market Outlook

  • Indian markets are likely to open flat to slightly lower, with some pressure on IT stocks after the U.S. announced a steep fee on new H-1B visa applications.
  • Domestic cues remain supportive: GST rate cuts are effective from today, and the festive season could boost consumer demand.
  • Foreign investors have pulled out nearly β‚Ή7,945 crore from equities so far in September, adding to the cautious sentiment.

πŸ”Ή Index Snapshot (previous close)

  • Nifty-50: ~25,327 (-0.38%)
  • Sensex: closed lower in line with Nifty
  • Gift Nifty futures: indicating a weak start

πŸ”Ή Global Trends

  • The U.S. dollar is firm as traders await Federal Reserve officials’ comments.
  • Oil prices are inching higher due to geopolitical tensions in Europe and the Middle East.
  • Global markets are focusing on inflation data, central bank moves, and trade policies.