Overview

• On August 29, the Nifty closed at 24,426.85 and the Sensex at 79,809.65, marking a third straight decline and the steepest weekly fall since early April.
• Foreign portfolio investors sold about ₹8,092.9 crore on Friday and ₹20,731.98 crore for the week, taking August net outflows to roughly ₹34,993 crore, while domestic institutions were net buyers and cushioned losses.
• Derivatives data showed Nifty futures rollover near 84% with added short positions and an FPI index-futures long–short ratio near 8%, pointing to pressure into the September series.
• Market breadth weakened as mid- and small-cap gauges recorded their sharpest weekly losses in months, and export-led sectors such as textiles, leather, gems and jewellery, and marine products were flagged as most exposed to the 50% US tariff effective August 27.
• Traders are watching the September 3–4 GST Council meeting, incoming auto sales and PMI data, and the recent 7.8% Q1 FY26 GDP print, which analysts say provides some buffer against external headwinds.