Indian criteria indices ended the week with losses of 2.7%, dragged down by IT and pharma stocks after U.S. President Donald Trump’s diktat on H1-B visa charges and tariffs on pharma items. When markets resume on Monday, numerous domestic and international triggers throughout the holiday-truncated week will set the tone.
Stock market will stay closed on Thursday, October 2, for Mahatma Gandhi Jayanti and Dussehra.
On Friday, the Nifty increased 236.15 points or 0.95% to close at 24,654.70.
Santosh Meena, Head of Research at Swastika Investmart, kept in mind that recently was amongst the most difficult for equities in 2025 up until now. While benchmark indices fell greatly, the more comprehensive market bore the impact. The Nifty slipped listed below crucial moving averages once again, though it has actually mostly been range-bound in current months, oscillating dramatically on both sides without appreciating averages.
Secret elements to view when markets resume:
RBI MPC
The RBI’s financial policy committee will start its three-day conference on Monday, with the result due Wednesday, October 1. The reserve bank is extensively anticipated to keep the repo rate the same at 5.5%.
Tariff clearness
The Street waits for clearness on U.S. tariffs on Indian pharma. While issues scared markets, reports recommend the procedures might just affect trademarked and top quality drugs, not generics. Experts state the preliminary fall was mainly sentiment-driven. Crisil Intelligence alerted that high tariffs on Indian items stay a significant threat, with possible to damage exports and financial investment.
U.S. markets
Wall Street ended higher on Friday after mostly in-line inflation information, however all 3 significant indices closed the week lower. The Dow acquired 299.97 indicate 46,247.30, the S&P 500 included 38.98 indicate 6,643.70, and the Nasdaq increased 99.37 indicate 22,484.10. Indian markets are most likely to take hints from U.S. equities.
IPO calendar
It will be a hectic week for IPOs, with 20 mainboard and SME offerings lined up. Mainboard concerns consist of Glottis, Fabtech Technologies, Om Freight Forwarders, and Advance Agrolife. SME listings opening Monday consist of Vijaypd Ceutical, Om Metallogic, Suba Hotels, Dhillon Freight Carrier, and Chiraharit.
On Tuesday, 10 more concerns, consisting of Zelio E-Mobility, Shlokka Dyes, Sunsky Logistics, Infinity Infoway, and Sheel Biotech, will introduce.
FII/DII streams
FIIs were net sellers of Rs 19,570 crore in the week, while DIIs purchased equities worth Rs 16,200 crore. On Friday, FIIs offered Rs 5,687.58 crore while DIIs bought Rs 5,843.21 crore. Year-to-date, FIIs have actually offered Rs 1.48 lakh crore worth of equities.
Technical elements
Ajit Mishra, SVP– Research at Religare Broking, stated continual weak point in index heavyweights has actually sped up the Nifty’s decrease.
The index is nearing assistance around the 200 DEMA at 24,400. He included that the correction in mid- and small-cap stocks has actually moistened belief even more, and recommended a mindful technique with concentrate on essentially strong stocks.
Rupee vs Dollar
The rupee struck a record low today, pressed by issues over U.S. tariffs and visa cost modifications impacting trade, remittances, and portfolio circulations. It closed at 88.7175 per dollar on Friday, down 0.7% for the week– its steepest fall given that late August. The RBI’s interventions restricted losses, though traders anticipate a steady devaluation ahead.
Petroleum
Oil rates increased over 4% for the week as Ukraine’s strikes on Russian energy facilities triggered Moscow to limit fuel exports. WTI unrefined settled at $65.19, down 0.32% on the day, while Brent closed at $70.13, up 0.48%. Greater crude rates posture inflation threats by raising transportation and input expenses.
(Disclaimer: Recommendations, recommendations, views and viewpoints offered by the specialists are their own. These do not represent the views of The Economic Times)