This Thursday was one of a kind for Nifty, as it gaps down and closes -1.64% down from its previous day.
This week, markets were shaped by a mix of global cues, crude oil, institutional flows and domestic developments. Changes in US rate expectations and global yields influenced sentiment, while movements in crude kept inflation and the rupee in focus. FII activity remained an important driver of index direction.
Nifty closed down -0.88% this week, marking its consecutive seventh losing week. The last time Nifty had seven consecutive loser closing was in June 2008.
Nifty movement this week
What could happen next?
Next week remains important for Nifty. On a technical basis, Nifty remains bearish while on the upside, Nifty could move 1.9% to around 23,580 if the market sentiments improve. On the downside, Nifty could see further selling pressure and fall another -1.5% to around 22,800 level.
What’s on the Radar?
Geopolitical & Macro events
UNGA 81st Session Closing (Sep 28): The United Nations General Assembly high-level general debate
Trump–Xi Meeting: The US–China leadership meeting is a major event for markets. Any progress or tensions could impact global sentiment.
Middle East & Oil Supply: Developments involving Iran, Yemen and regional shipping routes remain important because of their direct impact on global energy markets.
Indian Corporate Actions
Concalls to keep an eye on:
That’s the week ahead. Now watch how the market reacts.