Indian equities enter a holiday-shortened week with the Nifty at a crucial support zone after five consecutive weekly declines. The US Fed’s policy decision, FOMC projections, crude oil prices, global bond yields and foreign flows will drive near-term sentiment. Analysts expect volatility to remain elevated but see scope for buying at lower levels, with the Nifty’s 23,000–23,300 zone in focus.
These stocks were identified using a defined set of filters: market capitalisation below Rs 1,000 crore, a share price under Rs 20, and a minimum latest trading volume of 5 lakh shares.
Vodafone Idea shares have surged 102% over the past year, prompting investors to reassess whether the rally has further room to run. While Jefferies sees the stock as a high-beta turnaround opportunity and expects it to reach Rs 20, other brokerages remain cautious. With the stock already above most analyst targets, technical indicators suggest further upside, but risks remain.
During the first week of September, a massive outflow of Rs 13,138 crore from Indian equities occurred, marking a stark reversal after foreign investors had previously engaged in net buying during July and August. The pullback can be attributed to global uncertainties, climbing crude oil costs, and rising US bond yields.
The technical structure has deteriorated following the violation of the important 23,900–24,000 support zone. This area had provided support during the recent consolidation but will now be expected to act as resistance on any pullback. More importantly, Nifty has slipped below its 100-week moving average, currently placed at 24,401, and remains below the 50-week MA at 24,673.
The regulator has proposed two options for determining expiry-day settlement prices for index and stock derivatives, changes to the timing of the continuous trading session (CTS), CAS and derivatives trading, and additional measures aimed at improving the functioning of the auction.
Bitcoin is currently hovering around $77,000 after a slight retreat from $78,000, influenced by profit-taking and market dynamics. The performance of major altcoins varied significantly, with some posting gains while others experienced declines. Meanwhile, global crypto market capitalization has seen a marginal rise to $2.73 trillion. Investors are keeping a close watch on the upcoming FOMC meeting, which is poised to trigger substantial market movements.
After a turbulent trading day, Indian stock indices bounced back significantly as oil prices and bond yields eased. The Sensex and Nifty ended with modest declines, having experienced deeper dips earlier. Previous climbs in crude oil prices and geopolitical issues had weighed down on investor confidence. Analysts suggest maintaining caution and closely watching Nifty’s support and resistance levels, highlighting particular metal stocks and equities to watch for the week ahead.
The Securities and Exchange Board of India (SEBI) is set to implement crucial updates to the Closing Auction Session. A focus of these changes is on the process of derivatives settlement on expiry days. SEBI has laid out two alternatives for determining the derivatives settlement price: the first proposes a blended VWAP approach after one year, while the second keeps the current CTS VWAP process in place for the present.
For FY27 to date, BSE’s ADPTV is around Rs 26,200 crore, while its ADPTV market share is around 35.2%. Its premium-to-notional turnover ratio is around 12.4 basis points, compared with 17.2 basis points for the industry.
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