Overview

• Indian benchmarks extended gains for a second week, with Nifty closing at 25,114 after an eight-session run and Sensex at 81,904.
• Markets largely expect at least a 25 bps cut at the Sept. 17 FOMC meeting, a move seen as supportive for emerging-market flows.
• India’s WPI inflation reading and any updates on US–India trade talks, which officials say are progressing toward a possible first phase by November, are set to influence sentiment.
• Technical analysts flag resistance for Nifty at 25,150–25,200, with a sustained breakout targeting roughly 25,500–25,700 and support near 24,900–24,950.
• Foreign investor activity, the rupee’s trend, and crude prices remain key near-term drivers, with FIIs turning modest net buyers on Friday.