Overview
- India and the United States will continue negotiations toward an early bilateral trade agreement, the Commerce Ministry said.
- Analysts say the RBI policy decision on October 1 could steer near-term direction, with views split on the chances of a rate cut.
- Industrial production data, HSBC manufacturing PMI readings, and the expiry of September derivatives contracts are in focus during a holiday-shortened trading week.
- The BSE Sensex fell 2,199.77 points (2.66%) and the Nifty 50 declined 672.35 points (2.65%) last week.
- IT stocks faced pressure on concerns over higher H‑1B visa costs and Accenture’s subdued outlook, pharma counters sold off on fresh US tariffs, the rupee weakened on FII outflows, and gold retained safe-haven appeal.