Overview
- Sensex traded near 84,800 and Nifty around 25,966 in early Monday deals, with analysts eyeing 26,200–26,500 on continued momentum above 25,900.
- Improving Q2 results, softer inflation and political clarity from the NDA’s Bihar win underpinned sentiment, even as foreign investors stayed net sellers and domestic funds bought aggressively.
- Fed speakers turned more hawkish, pulling market-implied odds of a December cut down to roughly 40–50% as investors await Thursday’s delayed US September jobs report.
- Nvidia’s earnings on Wednesday are viewed as a litmus test for the AI trade, with US equity futures firmer and tech leadership under scrutiny after recent volatility.
- Regional risks linger as China–Japan tensions hit Japanese tourism and retail shares, while Bitcoin slipped to about $94,000 after a steep monthlong drop signaling weaker risk appetite.