Looking ahead, the 200-day EMA zone between 24,300 and 24,250 has become a critical support area for the Nifty 50. A sustained move below 24,250 could intensify selling and potentially push the index toward the 24,000 mark, said Sudeep Shah of SBI Securities.
The uptrend in gold is expected to extend into the coming week, with immediate resistance seen at Rs 1,05,100 per 10 gram and subsequent resistance at Rs 1,06,860 per 10 gram.
GST rationalisation is likely to benefit domestic demand-driven businesses, particularly in consumer staples and discretionary segments, said Keyur Majmudar of Bay Capital Investments Advisors.
By the October–December quarter, Puneet Sharma of Whitespace Alpha expects earnings to look a lot stronger. This period always coincides with India’s spending season — festivals, weddings, year-end bonuses — and that brings a natural lift to demand, he said.
Gold rate today: Yellow metal's October contracts on the MCX hit a fresh record high of Rs 1,02,380 per 10 grams today.
The Foreign institutional investors (FIIs) continued their selling on fourth day as they sold equities worth Rs 3856 crore on August 28, while Domestic institutional investors (DIIs) bought equities worth Rs 6920 crore on the same day.
With measured currency flexibility, targeted policy relief for exposed clusters, and continued progress on new trade corridors, the broader economy is positioned to absorb the shock while preserving its medium-term trajectory, said Anirudh Garg of INVasset PMS.
Stocks to Watch, 29 August: Stocks like Reliance Industries, Hexaware Technologies, Lemon Tree Hotels, Afcons Infrastructure, Shukra Pharmaceuticals, One 97 Communications Paytm, Muthoot Finance, and CG Power and Industrial Solutions will be in focus on August 29.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,01,450 per 10 grams today.
Oil prices fell on Thursday as investors weighed the outlook for US fuel demand with the end of the summer driving season near, while assessing potential crude supply shifts as India faces punishing US tariffs for importing Russian oil
On the back of economic growth momentum picking up now, Sandeep Neema of PL Asset Management expects higher earnings growth in the second half which would take earnings growth into double digit range for FY26.
Stocks to Watch, 28 August: Stocks like Sri Lotus Developers, InterGlobe Aviation, SMS Pharmaceuticals, E2E Networks, Mangal Electrical Industries, HFCL, Power Grid Corporation of India, Edelweiss Financial Services, and Dr Agarwal's Eye Hospital will be in focus on August 28.
Gold rate today: Check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on August 27.
Overall, the technical setup appears weak, but with the monthly August expiry approaching, any positive trigger could spark a strong short-covering rally in the Nifty 50, said Centrum’s Nilesh Jain.
In the next few quarters one can expect a busy primary and secondary equity market, provided broader sentiment holds firm, said Jaspreet Arora of Equentis Wealth.
Trading on the NSE and the BSE will resume on August 28 (Thursday).
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,00,812 per 10 grams today.
The Foreign institutional investors (FIIs) remained net sellers on second day on August 25 as they sold equities worth Rs 2466 crore, while Domestic institutional investors (DIIs) purchased equities worth Rs 3176 crore on the same day.
Even if the US Federal Reserve begins easing following very weak non-farm payroll data, the RBI may need to remain cautious for some time. This is due to uncertainty around tariffs and volatile capital flows, which could put pressure on the Indian Rupee, said Nimesh Chandan of Bajaj Finserv AMC.
Stocks to Watch, 26 August: Stocks like HDFC Bank, One 97 Communications Paytm, Vikram Solar, Patel Retail, Gem Aromatics, Shreeji Shipping Global, Sai Life Sciences, Protean eGOV Technologies, UCO Bank, and Suraj Estate will be in focus on August 26.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,00,195 per 10 grams today.
Despite the near-term uncertainties, India remains one of the fastest growing economies in the world, and the ongoing structural reforms will go a long way towards wealth creation for investors through Indian equities, Unmesh Kulkarni said.
Wall Street's main indices ended higher on Friday, with the blue-chip Dow hitting a record closing high, as investors piled into stocks after Fed Chair Powell hinted at a near-term interest-rate cut during his Jackson Hole Symposium speech.
Indian markets rose for the second week, led by autos and midcaps, despite continued FII selling. US markets surged on Powell’s rate cut signal