On Monday, September 1, Indian equity benchmarks, Sensex and Nifty 50, are expected to open on a positive note. As of 7:07 AM, the GIFT Nifty was trading near 24,612, up 59 points.
India recorded its fastest economic growth in five quarters during April–June, with GDP rising 7.8% in Q1 FY26 compared to 7.4% in the preceding quarter.
On the fiscal side, the government’s deficit for April–July FY26 widened sharply to ₹4.68 lakh crore, equal to 29.9% of the annual target. In the same four-month span last year, the deficit was significantly lower at ₹2.77 lakh crore.
Asian markets traded mixed, while the US stock market ended lower.
A US federal appeals court ruled most of Donald Trump’s tariffs illegal, citing overreach of authority, but allowed them to remain until October 14 pending a Supreme Court appeal.
This week, investors will focus on key stock market triggers, including auto sales data, outcome of the GST Council meeting, flow of foreign funds, domestic and global macroeconomic data and the trends in crude oil prices
On Friday, August 29, Foreign Institutional Investors (FIIs) were net sellers. FIIs sold equities worth ₹8,312.66 crore.
Domestic Institutional Investors (DIIs) were buyers on Friday. They bought shares worth ₹11,487.64 crore on the same day.
India’s key equity benchmarks ended the month of August with a loss for the second consecutive month, pressured by US tariffs on Indian exports that are likely to weigh on growth and corporate earnings.
The Nifty 50 closed Friday at 24,426.85, down 0.3%, resulting in a monthly decline to 1.4%. The BSE Sensex slipped 0.34% in the session and 1.7% over the month. Both the key indices had retreated about 3% in the month July.
Wall Street ended lower on Friday as the US July PCE Inflation is seen creeping up, clouding the Fed's rate outlook.
The US Personal Consumption Expenditures (PCE) Price Index rose 0.2% in July, compared to 0.3% in June. Year-on-year, PCE inflation held steady at 2.6%. Meanwhile, consumer confidence in the US dropped to a three-month low, with the University of Michigan’s sentiment index slipping to 58.2 in August from 61.7 in July, slightly below the earlier preliminary reading of 58.6.
The S&P 500 declined 0.64% to settle at 6,460.26, though it managed to post gains for the fourth straight month. The Nasdaq Composite slipped 1.15% to 21,455.55, while the Dow Jones Industrial Average eased 92.02 points, or 0.20%, closing at 45,544.88.
The US stock market will be closed on Monday for the Labour Day holiday.
As per reports, a US federal appeals court has ruled that most of the tariffs introduced by former President Donald Trump on various trading partners were unlawful, stating that he exceeded his presidential authority when implementing them. However, the court has allowed the tariffs to remain in effect until October 14, giving time for an appeal to the Supreme Court.
Crude oil prices moved down as increasing production and a weak demand outlook outweighed supply disruptions. Brent crude slipped 0.16% to $67.37 per barrel, while US WTI eased 0.17% to $63.90 per barrel.
Disclaimer: The article is for informational purposes only and not investment advice.
For android only