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Informist, Friday, Sept. 4, 2026

By Adhithya Aji

MUMBAI – Benchmark indices are expected to open slightly higher Friday, tracking global cues. Most Asian markets opened higher Friday and Wall Street indices closed in the green Thursday. The global sentiment turned positive after Federal Reserve Governor Christopher Waller played down the interest rate hike expectations. This led to a fall in US bond yields. However, crude oil prices remained elevated and posed an overhang.

Stock markets were green globally after Waller said he would be inclined to keep interest rates steady if the upcoming data showed that inflation pressure was easing. This sparked positive sentiment, after which 10-year US bond yields fell 3.8 basis points to 4.756%. Following this, a little over 50% of market participants expect the US Fed to raise interest rates to 3.75-4.00%, according to the CME FedWatch tool. Thursday, over 60% market participants expected a rate hike.   

The Indian market is expected to do better on the back of better-than-expected June quarter earnings, and the coming quarters are also expected to do well, said a research analyst. Foreign institutional investors have been net buyers of Indian equity and their selling has stopped now. Both an earnings boost and overseas investor buying should help domestic equities to do better. "But having said that, it's also a fact that the high crude oil prices could puncture this rally to some extent," the analyst added.

At 0753 IST, the September futures of GIFT Nifty were 0.1% lower at 24034.50. This is over 161 points higher than Nifty 50's closing level Thursday. In September, the Nifty 50 is expected to remain volatile after two months of buying from foreign investors, according to Rupak De, senior technical analyst at LKP Securities. The 50-stock index is expected to see selling pressure as long as it remains below 24000, De said. "Once Nifty (50) falls below 23700, then further correction towards 23300 looks possible in September," the analyst added. 

"The index has multiple supports in the 23600–23800 spot zone, while immediate resistance is placed around the 24000 spot level," Vipin Kumar, senior technical and derivatives analyst at Globe Capital Market, said. Crossing and sustaining above 24000 would be a positive development that could lead the index toward 24200, Kumar said.  End

US$1 = INR 94.49

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Himanshi Gupta

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