Indian benchmark indices and global markets witnessed a mix of gains and corrections during the last week of August. Strong momentum in technology shares early in the week pushed US benchmarks to fresh record highs, while weak guidance from select tech names and investor caution ahead of key data trimmed gains later.

Indian Market Highlights

The Nifty 50 and Sensex showed resilience through August 26–28, supported by IT, auto, and select financials. Profit booking on August 29 pared weekly gains, with indices consolidating near all-time highs. Mid- and small-cap stocks saw heightened volatility, reflecting cautious positioning ahead of the upcoming RBI and US Fed decisions.

Market Breadth & Internals

Advances vs. Declines: Mixed market breadth; early-week gains saw a higher ratio of advances, while declines led on August 29. 52-Week Highs/Lows: Several frontline IT and auto names posted new highs mid-week; small-cap lows expanded by Friday. Upper/Lower Circuits: Broader market activity remained strong, though lower circuits rose on the final trading day.

Global Cues

US Markets: The S&P 500 and Dow hit record highs on August 28, fueled by AI enthusiasm and Nvidia’s strong revenue growth. However, tech shares faced profit-taking on August 29 following weaker guidance from Dell and Broadcom. Federal Reserve Outlook: Rate cut expectations for September remained high (~89%), with August PCE inflation steady at ~2.6% YoY. Asian Markets: Regional indices were mixed, mirroring Wall Street’s swings. Chinese semiconductor stocks remained volatile due to regulatory and trade concerns. Commodities & Currency: Oil prices softened, gold gained modestly as the US dollar weakened versus the euro.

Today’s Top Volume Gainers (NSE)

(Educational use only; not investment advice)

Infosys – Strong volumes amid AI-driven growth expectations Tata Motors – Auto sector strength supports bullish sentiment HDFC Bank – Heavy turnover following institutional inflows

Global Economic Calendar (Aug 30 – Sept 5)

US Non-Farm Payrolls Eurozone Inflation Report RBI Policy Meeting Preview China Manufacturing PMI

What This Means for Investors

Stay Cautious on Tech: AI-related names remain leaders but face volatility; staggered buying may help manage risk. Watch for Rate Decisions: Both RBI and Fed meetings in September could set near-term market direction. Focus on Quality Midcaps: Select midcaps with earnings visibility may provide opportunities despite higher volatility. Hedge Currency & Commodities Exposure: With the dollar softening and oil trending lower, portfolio hedges may be timely.

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