Overview

• Futures now assign roughly an 84% chance of a September quarter‑point cut after Powell said the balance of risks has shifted, sending Treasury yields and the dollar lower.
• Wall Street rallied Friday with the Dow closing at a record, and Asian markets advanced Monday; India’s Nifty 50 and Sensex opened about 0.3% higher on positive global cues.
• Indian strategists caution that an August 27 U.S. tariff decision on Indian goods and ongoing FII selling could temper gains despite steady DII buying.
• Nvidia reports Wednesday, with options implying about a 6% share‑price move, making its commentary on AI demand and China shipments a key market catalyst.
• Friday’s U.S. core PCE inflation print could validate or challenge the easing narrative, while sector calls favor Indian IT and metals as likely beneficiaries of lower U.S. rates.