Overview

• Sensex closed the truncated week at 81,207 and Nifty at 24,894, with early indicators pointing to a flat-to-firm Monday open.
• Traders flag a tight Nifty range with resistance near 25,100 and support around 24,600, after Bank Nifty outperformed with a weekly gain of over 2%.
• Foreign portfolio investors were net sellers in September, pulling out roughly Rs 23,885 crore, even as domestic institutions provided offsetting support.
• Tata Consultancy Services will kick off Q2 earnings on October 9, while the Federal Reserve’s September meeting minutes arrive October 8 with U.S. data releases delayed by the government shutdown.
• A heavy October IPO slate of about Rs 45,000 crore led by Tata Capital is set to test liquidity, as Vedanta reported record quarterly alumina output from its Lanjigarh refinery.