Market Overview - The Indian benchmark indices ended with weekly gains of 1.5%, led by auto stocks and supported by banks and pharma stocks [14] - Nifty closed 108.50 points or 0.43% higher at 25,114, with support from PUT writers around the 25,000 mark [14][15] - Nifty is approaching its previous swing high of 25,150, which may lead to consolidation before advancing towards the 25,250–25,500 zone [10][15] US Market Influence - Wall Street ended mixed, with the Nasdaq hitting a record high close, while the Dow 30 declined by 273.78 points or 0.59% to 45,834.20 [4][14] - The S&P 500 settled at 6,584.29, down by 3.18 points or 0.05%, and the Nasdaq Composite closed at 22,141.10, falling by 98.03 points or 0.45% [4][14] - Domestic and global markets are expected to take cues from US market performance [5] Corporate Actions - Over 230 companies have corporate actions lined up this week, including dividends, stock splits, and bonus shares [6][15] - Notable corporate actions include a 2:1 bonus issue from Godfrey Phillips India and various stock splits from companies like Kesar Enterprises and Zydus Wellness [15] IPO Activity - India's primary market will see five IPOs this week, including the largest offering from Euro Pratik Sales with an issue size of Rs 451 crore [7][15] - The IPO for Euro Pratik Sales will open on September 16 and close on September 18, with a price band of Rs 235–247 per share [7][15] - In the SME segment, public issues from TechD Cybersecurity and JD Cables will also open for bidding [8][15] Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) - On Friday, FIIs inflows stood at Rs 129.6 crore, while DIIs were net buyers at Rs 1,556 crore [9][15] - In 2025, FIIs have sold shares worth Rs 1,41,417 crore, with August sell-off at Rs 10,782 crore [9][15] Currency and Commodities - The Indian rupee recovered from all-time lows, settling higher by 9 paise at 88.26 against the US dollar [12][15] - Oil prices rose due to a Ukrainian drone attack on a Russian port, with US WTI oil contracts ending at $62.60, down by $0.23 or 0.37%, and Brent oil futures hovering near $66.99, higher by $0.51 or 0.77% [13][14][15]
Market Outlook: Fed meet, FII action among 8 factors to impact Sensex, Nifty this week