GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 11 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading mixed as worries over elevated interest rates dragged on sentiment. The Chinese markets were closed for a holiday and are on a break next week.

US stocks rallied on Thursday, with investors closely monitoring developments in Washington regarding a potential government shutdown. Lawmaker negotiations on a U.S. spending bill continue before a October 1 shutdown deadline for the government. Investors will now switch their attention to U.S. personal consumption expenditures price index later on Friday for the latest view on inflation.

The real gross domestic product (GDP) of the United States expanded at an annual rate of 2.1% in the second quarter, the US Bureau of Economic Analysis' (BEA) final estimate showed on Thursday, 28 September 2023. "The update primarily reflected a downward revision to consumer spending that was partly offset by upward revisions to nonresidential fixed investment, exports, and inventory investment," the BEA said.

Domestic markets:

Back home, the domestic equity market experienced significant declines on Thursday due to various factors, including the monthly F&O expiry and the semi-annual rejig of Nifty 50 stocks. The barometer index, the S&P BSE Sensex declined 610.37 points or 0.92% to 65,508.32. The Nifty 50 index lost 192.90 points or 0.98% to 19,523.55.

Foreign portfolio investors (FPIs) sold shares worth Rs 3,364.22 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,711.48 crore in the Indian equity market on 28 September, provisional data showed.

GIFT Nifty:

Trading could be volatile today as traders roll over positions in the F&O segment from the near month September series to October series. The September 2023 F&O contracts will expire today, 28 September 2023.

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 8 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading mixed after notching some gains on Wednesday as an uptick in Treasury yields and oil prices dented investor sentiment on Wall Street. South Korea's markets are closed for a public holiday.

US stocks finished the day mixed on Wednesday. Investors will watch for economic data on jobless claims, home sales and the GDP on Thursday, before turning attention to the latest personal consumption expenditures price index reading due Friday.

Domestic markets:

Back home, the equity markets experienced modest gains on Wednesday, with the Nifty closing above the 19,700 level. The barometer index, the S&P BSE Sensex advanced 173.22 points or 0.26% to 66,118.69. The Nifty 50 index added 51.75 points or 0.26% to 19,716.45.

Foreign portfolio investors (FPIs) sold shares worth Rs 354.35 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 386.28 crore in the Indian equity market on 27 September, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 8.50 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading mixed ahead of China's industrial data and Australia's August inflation figures due on Wednesday.

Japan's central bank board was split over when should the Bank of Japan should start to raise interest rates, according to minutes from its monetary policy meeting in July.

US stocks saw a sell off on Tuesday after the latest home sales and consumer confidence reports stoked concern over the state of the U.S. economy,

August new home sales were down 8.7% from July, according to the Commerce Department. The Conference Board's consumer confidence index fell to 103 in September from 108.7 in August.

Domestic markets:

Back home, the domestic equity benchmarks ended the day with marginal losses. The barometer index, the S&P BSE Sensex, fell 78.22 points or 0.12% to 65,945.47. The Nifty 50 index lost 9.85 points or 0.05% to 19,664.70.

Foreign portfolio investors (FPIs) sold shares worth Rs 693.47 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 714.75 crore in the Indian equity market on 26 September, provisional data showed.

The GIFT Nifty futures trading indicates a potential 75-point decline in the Nifty 50 index at the market opening today. The domestic stock market finds itself in a tight spot as the US Federal Reserve hints at future interest rate hikes. Adding to the woes are persistent selling by FIIs, soaring crude prices, and a surge in bond yields, all of which have cast a shadow of doubt over investor confidence.

Global Markets:

The US Dow Jones index futures were down 121 points, indicating a positive opening in the US stocks today.

Asian stocks faced declines on Tuesday due to concerns over higher U.S. interest rates, particularly impacting the technology sector. Investors remained cautious about regional markets due to ongoing worries about a slowdown in the Chinese economy.

The US Federal Reserve's hawkish signals, indicating potential further rate hikes this year and a prolonged period of higher rates, added to the negative sentiment.

Despite this, U.S. stocks managed to make modest gains on Monday, supported by a rise in tech stocks driven by Amazon and an increase in energy stocks. The S&P 500, Dow Jones Industrial Average, and Nasdaq all saw slight increases. However, worries about a potential U.S. government shutdown grew as Congress has yet to pass necessary spending bills to fund the government beyond 1st October.

Domestic Equity Market:

The domestic benchmark indices ended almost unchanged on Monday after a four-day losing streak. The sluggish performance of European and Asian indices limited overall gains. Investor unease increased due to the rise in US treasury yields, and foreign institutional investors continued to sell shares in local equities. The Nifty 50 displayed a Doji candlestick pattern, indicating uncertainty among market participants. The S&P BSE Sensex rose by 14.54 points or 0.02% to 66,023.69, while the Nifty 50 index added 0.30 points to reach 19,674.55.

Foreign portfolio investors (FPIs) sold shares worth Rs 2,333.03 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,579.28 crore in the Indian equity market on 25 September 2023, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 45 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading mixed as investors look toward inflation data from across the region this week. Singapore and Australia are expected to report inflation figures for August this week, while Japan will release inflation data for the Tokyo region.

US stocks ended lower on Friday as investors continued to grapple with signals from the Federal Reserve that it intended to keep interest rates higher for longer.

Domestic markets:

Back home, key equity benchmarks closed with marginal losses, extending the downward trend for the fourth consecutive day. The barometer index, the S&P BSE Sensex declined 221.09 points or 0.33% to 66,009.15. The Nifty 50 index lost 68.10 points or 0.34% to 19,674.25.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,326.74 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 801.27 crore in the Indian equity market on 22 September, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 45 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading lower ahead of the Bank of Japan's rate decision. The BOJ is likely to hold its benchmark policy rate at -0.1%, as per reports.

Japan's headline inflation rate came in at 3.2% for August, slightly slower than the 3.3% seen in July and the 16th straight month that inflation has went above the Bank of Japan's 2% target. The core inflation rate, which strips out prices of fresh food stood at 3.1%, unchanged from the July.

US stocks notched a third straight day of losses on Thursday as Treasury yields popped to multiyear highs and investors grew worried that lawmakers would be unable to prevent a shutdown.

The Bank of England paused its hiking cycle, keeping the policy rate at 5.25%, after cooler-than-expected inflation data.

Domestic markets:

Back home, the domestic equity benchmarks closed lower for the third consecutive day on Thursday. The barometer index, the S&P BSE Sensex slipped 570.60 points or 0.85% to 66,230.24. The Nifty 50 index lost 159.05 points or 0.80% to 19,742.35.

Foreign portfolio investors (FPIs) sold shares worth Rs 3,007.36 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,158.14 crore in the Indian equity market on 21 September, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could decline 38 points at the opening bell.

Global markets:

Overseas, Asian stocks fell across the region after the U.S. Federal Reserve held its benchmark policy rate, but said it will raise interest rates one more time this year, according to the central bank's projections. Projections showed the central bank expects to hike rates to a median of 5.6% by the end of 2023, up from the current range between 5.25% and 5.5%.

US stocks ended lower on Wednesday as investors digested the Fed's moves. The Federal Reserve left interest rates unchanged at the conclusion of its two-day meeting Wednesday. However, the central bank signaled it still expects one more hike before the end of the year and fewer cuts than previously indicated next year. The final increase, if realized, would be the last in this cycle, according to the Fed's projections.

Domestic markets:

Back home, domestic equity barometers tanked on Wednesday, sliding for the second consecutive trading session. The barometer index, the S&P BSE Sensex dropped 796 points or 1.18% to 66,800.84. The Nifty 50 index lost 231.90 points or 1.15% to 19,901.40.

Foreign portfolio investors (FPIs) sold shares worth Rs 3,110.69 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 573.02 crore in the Indian equity market on 20 September, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 21 points at the opening bell.

Global markets:

Overseas, Asian stocks are mostly trading lower as China left its one-year and five-year loan prime rates unchanged. China's one-year and five-year loan prime rates were held at 3.45% and 4.2% respectively.

On Friday, the Bank of Japan will conclude its monetary policy meeting and traders will be looking for clarity on when the BOJ will start to shift its ultra-easy monetary policy. Elsewhere, the People's Bank of China is also expected to release its loan prime rate decisions on Friday.

US stocks ended lower on Tuesday ahead of the Fed's decision. The US Federal Reserve began its two-day policy meeting on Tuesday and will announce its interest rate decision on Thursday. The central bank is widely expected to hold rates steady, but investors will be paying close attention to the summary of economic projections and the press conference of Fed chair Jerome Powell for clues about what might happen in the months ahead.

Domestic markets:

Back home, the domestic equity benchmark indices ended lower on Monday amid negative global cues. The barometer index, the S&P BSE Sensex declined 241.79 points or 0.36% to 67,596.84. The Nifty 50 index lost 59.05 points or 0.29% to 20,133.30. The Indian equity market remained closed on Tuesday, 19 September, for Ganesh Chaturthi.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,236.51 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 552.55 crore in the Indian equity market on 18 September, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 25 points at the opening bell.

Global markets:

Overseas, Asian stocks slipped on Monday as investors look ahead to a week of central bank decisions. The U.S. Federal Reserve's decision is expected early Thursday in Asia, while Australia's central bank will release its minutes for its 5 September 2023 policy meeting on Tuesday.

On Friday, the Bank of Japan will conclude its monetary policy meeting and traders will be looking for clarity on when the BOJ will start to shift its ultra-easy monetary policy. Elsewhere, the People's Bank of China is also expected to release its loan prime rate decisions on Friday.

US stocks fell Friday as investors wrapped up a volatile week ahead of the Federal Reserve's policy meeting.

On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.

Domestic markets:

Back home, domestic equity benchmarks ended with decent gains on Friday. The Sensex and the Nifty achieved record closing highs. The barometer index, the S&P BSE Sensex advanced 319.63 points or 0.47% to 67,838.63. The Nifty 50 index added 89.25 points or 0.44% to 20,192.35.

Foreign portfolio investors (FPIs) bought shares worth Rs 164.42 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,938.57 crore in the Indian equity market on 15 September, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 22 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading higher bolstered by a slew of China's economic data for August mostly came in better than market expectations.

China's retail sales and industrial production picked up in August, with better-than-expected growth, according to National Bureau of Statistics data released Friday. Retail sales grew by 4.6% in August from a year ago. The increase was also faster than the 2.5% year-on-year pace in July. Industrial production also rose by 4.5% in August from a year ago, faster than the 3.7% increase reported for July. Fixed asset investment, however, grew by 3.2% year-on-year in August on a year-to-date basis. That was slower than the 3.4% pace reported as of July.

US stocks ended higher as core producer price index in the U.S. climbed by 0.2% in August, in line with expectations. The overall producer price index increased a seasonally adjusted 0.7%, the biggest monthly gain since June 2022.

The European Central Bank decided to hike interest rates once again on Thursday. The ECB opted to increase rates by 25 basis points, a 10th consecutive hike taking its main rate to 4%.

Domestic markets:

Back home, frontline indices saw marginal gains on Thursday amid volatility. The barometer index, the S&P BSE Sensex added 52.01 points or 0.08% to 67,519. The Nifty 50 index gained 33.10 points or 0.16% to 20,103.10.

Foreign portfolio investors (FPIs) bought shares worth Rs 294.69 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 50.80 crore in the Indian equity market on 14 September, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 35 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading higher on Thursday even as inflation in the U.S. inflation rate in August came in hotter than expected.

US stocks ended mixed on Wednesday as traders weighted the hot August inflation report. Markets are now waiting on key economic indicators before the Fed issues its next rate move on September 20. The Bureau of Labor Statistics is slated to release the August Producer Price Index before the opening bell on Thursday.

Month-on-month, the consumer price index rose 0.6% in August, in line with expectations. In July, the CPI rose 3.2% year-on-year and 0.2% month-on-month. However, excluding volatile food and energy costs, the core CPI rose 4.3%, in line with estimates and down from 4.7% in July.

Domestic markets:

Back home, domestic stock barometers experienced a rebound on Wednesday. The barometer index, the S&P BSE Sensex advanced 245.86 points or 0.37% to 67,466.99. The Nifty 50 index added 76.80 points or 0.38% to 20,070. Both the indices attained record closing high levels.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,631.63 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 849.86 crore in the Indian equity market on 13 September, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 30 points at the opening bell.

On the macro front, India's retail inflation eased to 6.83% in August from 7.44% in July as vegetable prices cooled somewhat compared to the previous month, the National Statistical Office (NSO) data showed on Tuesday. On the other hand, India's industrial output grew by 5.7% in July from 3.8% in June.

Global markets:

Overseas, Asian stocks are trading lower on Wednesday as investors awaited key U.S. inflation data, while Chinese property stocks logged strong gains as embattled developer Country Garden clinched more extensions on its debt payments.

US stocks ended lower on Tuesday as Oracle shares tumbled more than 13% after a weak forecast and surging oil prices deepened worries about persistent price pressures ahead of crucial inflation readings this week. Oracle shares dived to their lowest since June after the cloud-services provider forecast current-quarter revenue below targets and narrowly missed first-quarter expectations.

Investors are awaiting August consumer price index data due on Wednesday and producer prices reading scheduled for Thursday to gauge the outlook for U.S. interest rates. Investors will also monitor the European Central Bank's policy decision on Thursday, when it is seen holding rates after nine consecutive hikes.

Domestic markets:

Back home, despite a positive start, the domestic equity benchmarks failed to sustain their early gains and ended the day with minor losses, putting an end to a seven-day winning streak. The barometer index, the S&P BSE Sensex added 94.05 points or 0.14% to 67,221.13. The Nifty 50 index shed 3.15 points or 0.02% to 19,993.20.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,047.19 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 259.48 crore in the Indian equity market on 12 September, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 21 points at the opening bell.

On the macro front, India's industrial production data for July will be declared today, 12 September 2023. Inflation rate for August will also be announced today.

Global markets:

Overseas, Asian stocks are trading higher on Tuesday after Wall Street saw a tech rally led by Tesla and Qualcomm.

US stocks rose on Monday to start a big week of inflation data as investors bought up tech shares in the wake of recent weakness.

Investors are looking forward to key US inflation data in the week ahead, with the latest consumer price index due Wednesday and producer price index Thursday.

Domestic markets:

Back home, the equity indices ended the day with significant gains, extending their winning streak for the seventh day in a row. The barometer index, the S&P BSE Sensex jumped 528.17 points or 0.79% to 67,127.08. The Nifty 50 index advanced 176.40 points or 0.89% to 19,996.35.

Foreign portfolio investors (FPIs) bought shares worth Rs 1,473.09 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 366.24 crore in the Indian equity market on 11 September, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 18 points at the opening bell.

Prime Minister Narendra Modi, in his role as the host of the G20 Summit, concluded the two-day event. Indian Prime Minister Narendra Modi and U.S. President Joe Biden pledged to deepen the partnership between both countries in their second bilateral meeting in less than six months.

Global markets:

Overseas, Asian stocks are trading mixed on Monday where key economic data from major economies will take center stage. On Tuesday, India will release its inflation and industrial output figures for August, while China will announce its industrial output, retail sales, and most notably, house sale prices on Friday.

US stocks closed higher on Friday as Apple and other tech and growth stocks witnessed some buying after the recent fall due to China's ban on iPhones for government employees.

Domestic markets:

Back home, the benchmark indices settled higher on Friday, rising for the sixth consecutive trading session. The barometer index, the S&P BSE Sensex advanced 333.35 points or 0.50% to 66,598.91. The Nifty 50 index added 92.90 points or 0.47% to 19,819.95.

Foreign portfolio investors (FPIs) sold shares worth Rs 224.22 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,150.15 crore in the Indian equity market on 8 September, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 24 points at the opening bell.

Meanwhile, US President Joe Biden and Prime Minister Narendra Modi will meet in New Delhi today, 8 September 2023 to give a further push to their relations that are growing into a robust partnership. Biden will also participate in the two-day G20 summit in New Delhi from September 9.

Global markets:

Overseas, Asian stocks are trading lower on Friday as Japan released revised second quarter gross domestic product figures. Hong Kong cancelled the morning trading session due to a storm warning. Japan's economy grew 4.8% in the second quarter on a quarter-on-quarter annualized basis, a smaller growth than the 6% seen in the preliminary estimates.

Overnight in the U.S., the Nasdaq Composite fell for a fourth session Thursday as concerns resurfaced over the Federal Reserve's interest rate policy path, and whether policymakers will enact another hike this year.

The likelihood that inflation numbers are going to remain stubbornly high for a while could mean more interest rate increases, former St. Louis Federal Reserve President James Bullard reportedly said.

Domestic markets:

Back home, domestic stock market closed higher for the fifth consecutive session on Thursday, defying weak Asian markets. The barometer index, the S&P BSE Sensex advanced 385.04 points or 0.58% to 66,265.56. The Nifty 50 index added 116 points or 0.59% to 19,727.05.

Foreign portfolio investors (FPIs) sold shares worth Rs 758.55 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 28.11 crore in the Indian equity market on 7 September, provisional data showed.