Global Cues
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Wall St closed at record highs as weak US jobless claims boosted Fed rate cut hopes (Sept 17).
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Asia trades firm: Nikkei (+0.8%), Kospi (+0.7%), ASX200 (+0.5%).
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US CPI rose 2.9% YoY, broadly in line with forecasts; 10Y yield eased to 4.02%.
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Dollar index slipped to 97.57, Brent crude fell to $66.37/bbl, gold at $3,635/oz.
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Rupee hit a record low of ₹88.44/$; Bitcoin rallied above $115,800.
Macro & Policy Updates
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Trump invites Indian ministers for trade talks in Washington next week; US Commerce Secretary hopeful of a deal once Russian oil imports ease.
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ECB kept rates unchanged, but signaled possible December cut.
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GST reforms lower coal costs; DGTR proposes anti-dumping duty on glass fibre imports.
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RBI bonds redeemed at 155.99% gain, exporters seek relief amid tariffs.
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China considering credit support to settle $1 tn of local govt dues.
Domestic Market Setup
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FIIs raised index futures longs to 10.77%, reflecting improving risk appetite.
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Lower crude and softer US yields supportive; however, weak rupee could limit upside.
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Strong rollovers expected into Friday’s expiry week.
Sector Themes to Watch
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IT: Possible profit booking post Infosys buyback announcement.
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Defense: Positive momentum from US-India talks, HAL and Bharat Forge in focus.
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Solar & Renewables: Govt push for domestic solar cells, PM-KUSUM Phase 2, JSW Energy commissioning.
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Capital Market: Sentiment support from Sebi not pursuing weekly expiry changes.
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Export-linked: Gujarat Ambuja Exports benefits from corn-ethanol push; sugar/distilleries cautious.
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Financials: Positive triggers from Canara Bank AMC filing, IREDA bond issue, strong delivery data in HDFC Bank and Adani stocks.
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Oil & Gas: GAIL’s CGD arm listing seen as a value-unlocking theme.