- The Nifty 50 futures (GIFT Nifty) were trading near 24,950, suggesting a positive opening for the day.
- On Monday, the Nifty 50 ended at 24,773.15 (+0.13%) and the Sensex closed at 80,787.30 (+0.09%).
- Key resistance is expected around 24,900–25,100, while support is likely near 24,650–24,600.
Stocks in focus today:
- Infosys – board meeting on September 11 to discuss a potential share buyback.
- RailTel – secured a contract worth ₹2.62 billion from the Bihar Education Project Council.
- TVS Motor – announced it will pass the entire benefit of GST rate cuts to customers from September 22.
- Analyst picks: APL Apollo Tubes and CDSL are seen as strong candidates for medium-term growth.
🌍 Global Market Snapshot
- U.S. indices started the week on a strong note, with the Nasdaq hitting a new record high. The S&P 500 and Dow Jones also posted modest gains.
- Robinhood surged nearly 16% after being added to the S&P 500 index.
- Astera Labs jumped more than 10% after a bullish breakout.
- Nvidia and Palantir inched higher, while Tesla slipped after a failed breakout attempt.
- Markets are awaiting key inflation reports this week:
- Producer Price Index (PPI) on Wednesday.
- Consumer Price Index (CPI) on Thursday.
🔑 Key Market Drivers
- Strong hopes of a U.S. interest rate cut in the Fed’s meeting next week are supporting global investor sentiment.
- In India, foreign investors sold equities worth about ₹21.7 billion on Monday, marking the eighth straight session of outflows.
- Attention will be on upcoming inflation data from both the U.S. and India, which could influence policy decisions and market direction.
