Overview

• Sensex and Nifty closed nearly flat on Friday but logged weekly gains of about 1.1% and 1.3%, supported by strong data and recent GST rate cuts.
• Nifty is consolidating with resistance near 24,950–25,000 and support around 24,550–24,500, and analysts say a sustained break on either side is needed for a fresh move.
• Bank Nifty continues to underperform, with its ratio versus Nifty at a 108‑day low and heavyweights HDFC Bank and ICICI Bank down roughly 5.5% and 6.5% since late July.
• Foreign investors stayed net sellers, offloading about Rs 5,666 crore recently and taking 2025 outflows to roughly Rs 1.76 lakh crore, while domestic funds cushioned declines.
• Global cues in focus include US inflation and other data ahead of the Fed’s Sept 16–17 meeting, with tariff headlines, crude prices, and rupee moves also set to influence flows.