Global Cues
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US markets ended higher on Friday: Dow +0.65%, S&P 500 +0.59%, Nasdaq +0.44%, snapping a 3-day losing streak.
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Core PCE (US Fed’s preferred inflation gauge) rose 2.9% YoY in Aug, in line with estimates.
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US 10Y yield steady at 4.18%, Dollar Index at 98, Brent crude around $69.5.
GIFT Nifty
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Trading +90 pts at 24,794, indicating a firm start (125 pts higher).
Domestic Snapshot
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Nifty: Losing streak extends to 6 sessions, now ~800 pts off recent 25,450 peak.
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Key question: Will oversold conditions trigger a bounce?
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Expiry & RBI cues: Sep series expiry tomorrow; RBI MPC outcome on Oct 1.
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Ind-US trade deal commentary remains a potential sentiment mover.
FII Flows
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FIIs net sold $2 bn in cash last week; Friday selling at ₹5,687 Cr.
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Index Futures: Net short addition of 19,067 contracts; sold ₹3,589 Cr.
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Long exposure at just 14%, showing strong bearish positioning.
Options Data
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Support: 24,450 – 24,550 zone.
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Resistance / congestion: 24,800 – 24,850.
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PCR at 0.63 (vs 0.68 earlier), suggesting oversold but cautious sentiment.
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Key technical marker: Nifty 200 DEMA near 24,400 — bulls watching closely.
Key Indices to Watch
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Nifty Bank and Nifty IT for directional cues.
Stocks in Focus
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HUL: Guides for flat to low-single digit Q2 growth; expects demand recovery from Nov.
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Tata Motors: UK Govt clears £1.5 bn loan guarantee for JLR.
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Lupin: Subsidiary to acquire VISUfarma (eye health) for €190 mn.
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Azad Engineering: Secures ₹651 Cr contract from Mitsubishi Heavy.
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Samman Capital: Exits F&O ban list.
Upcoming Events
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RBI Monetary Policy – Oct 1 (Wednesday)
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US Non-Farm Payrolls – Oct 3 (Friday)