Index Update: The Nifty 50 fell 44.80 points to close at 25,069.20, retreating from the day’s high as sentiment weakened. The index, however, remains above both the 21-day and 50-day SMAs, with the latter acting as crucial support. A sustained move above 25,200 could revive momentum and drive further upside, while 24,350.70 serves as a key support level along the falling trendline, essential to preventing deeper corrections.

Macro Update: India’s inflation showed mixed trends in August 2025. Wholesale prices rose 0.52% yoy, driven by food and manufacturing costs, while fuel prices declined. Consumer inflation increased to 2.07%, marking the first rise in ten months, but remained near the RBI’s 2% lower tolerance level, supported by moderating food price declines.

Top Market Movers: On Monday, Jio Financial Services Ltd (NSE: JIOFIN) led the gainers with a 1.33% increase, closing at INR 315.35 followed by Bajaj Finance Ltd (NSE: BAJFINANCE) up 0.66% at INR 1,009.85, and Eternal Ltd (NSE: ETERNAL) which rose 0.59% to INR 323.30. On the downside, Asian Paints Ltd (NSE: ASIANPAINT) saw the largest drop, falling 1.72% to INR 2,502.60 followed Cipla Ltd (NSE: CIPLA) down 1.67% to INR 1,548.30 and Mahindra and Mahindra Ltd (NSE: M&M), which dropped 1.66% to INR 3,530.30.

Commodity Update: The dollar remained steady on Monday ahead of key central bank decisions, led by the Federal Reserve. The euro showed little reaction to Fitch’s downgrade of France’s credit rating. In commodities, gold slipped 0.21% to $3,678.90, silver eased 0.02% to $42.82, while copper edged up 0.25% to $10,097.25. Brent crude dipped 0.01% to $67.02 as markets weighed Ukrainian drone strikes on Russian refineries and U.S. fuel demand growth.

Our Stance: Market sentiment remains cautious amid inflationary pressures and global uncertainties. The Nifty’s technical support levels suggest limited downside unless key thresholds are breached. Selective buying in fundamentally strong stocks is advisable, while monitoring macroeconomic indicators and geopolitical developments to assess risk appetite and potential opportunities in commodities and equities.

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