On Monday, September 15, the equity market benchmark indices, the Sensex and Nifty 50, are expected to open lower. Blame it on President Donald Trump’s recent statement, urging the EU to impose tariffs up to 100% on China and India to pressure Russia over the Ukraine conflict.
As of 7:12 AM, the GIFT Nifty was trading near 25,165, down 48 points.
India’s retail inflation rose for the first time since October 2024. Consumer price index (CPI)-based inflation rose 2.07% YoY in August, up from a revised 1.61% in July (earlier estimated at 1.55%).
This week, investors will focus on key stock market triggers, including the developments over India-US trade deal, US Federal Reserve policy, India-EU trade deal, flow of foreign funds, and other key domestic and macroeconomic data.
Asian markets traded mostly higher, while the US markets ended mixed, with the Nasdaq posting a record high close.
On Friday, September 12, Foreign Institutional Investors (FIIs) were net buyers. FIIs bought equities worth ₹129.58 crore.
Domestic Institutional Investors (DIIs) were buyers on Friday. They bought shares worth ₹1,556.02 crore on the same day. DIIs have been net buyers for the past 14 consecutive trading sessions.
On Friday, Indian equities closed on a positive note, with the Nifty 50 finishing above the 25,100 mark. The Sensex advanced 355.97 points, or 0.44%, to end at 81,904.70, while the Nifty 50 gained 108.50 points, or 0.43%, closing at 25,114.00.
The U.S. stock market closed on a mixed note Friday, with the Nasdaq finishing at a record high. The Dow Jones Industrial Average slipped 0.59% to 45,834.22, while the S&P 500 edged down 0.05% to 6,584.29. In contrast, the Nasdaq gained 0.45% to settle at 22,141.10. Over the week, the S&P 500 advanced 1.6%, the Dow added nearly 1%, and the Nasdaq jumped 2%.
US consumer sentiment fell for a second straight month in September. The University of Michigan’s Surveys of Consumers said its Consumer Sentiment Index fell to 55.4 this month, the lowest since May, from a final reading of 58.2 in August.
The measure of consumer expectations for US inflation over the next year was unchanged at 4.8% this month, a survey shows. Consumers’ expectation for inflation over the next five years rose to 3.9% from 3.5% last month.
Gold remained steady, staying close to its all-time peak, as market participants awaited the outcome of the upcoming US Federal Reserve meeting. Spot gold was quoted at $3,636.73 per ounce, while US gold futures for December slipped 0.2% to $3,673.60.
Oil prices moved higher as traders evaluated the effect of Ukrainian drone strikes on Russian refining facilities. Brent crude futures inched up 0.18% to $67.11 per barrel, and US West Texas Intermediate futures advanced 0.22% to $62.83 per barrel.
Disclaimer: The article is for informational purposes only and not investment advice.
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