📈 DAILY MARKET UPDATE
📅 Date – 4 September 2026
1️⃣ VERY IMPORTANT NEWS
• SEBI to review derivative settlement methodology after extreme volatility in Sensex closing auction; consultation paper expected within one week.
• NSE changing pre-open auction mechanism from Monday, 7 September — market orders allowed only from 9:00–9:05 AM; thereafter only limit orders until matching.
• Rupee strengthened sharply to ~₹94.49/$, supported by strong forex inflows and RBI measures.
• US markets rallied >1% after Fed's Christopher Waller indicated support for keeping rates unchanged if inflation continues cooling.
• Crude remains the major risk, with Brent near $96/bbl amid continuing US-Iran tensions.
🌍 GLOBAL MARKET
✔️ US Markets:
• Dow Jones +1.18%
• S&P 500 +1.07%
• Nasdaq +1.40%
• US 10Y Treasury yield declined, supporting equities.
✔️ Asia Market Update:
• Japan Nikkei +0.8%
• TOPIX -0.27%
• South Korea KOSPI +1.2%
• Small-cap index +0.5%
• Australia ASX 200 -0.1%
✔️ Gift Nifty Signal:
• Around 24,072, indicating roughly 100–130 points gap-up opening versus Nifty's previous close.
✔️ Crude Oil:
• Brent around $95.8/bbl
• WTI around $91.7/bbl
• Elevated crude remains the biggest negative factor.
✔️ Dollar Index:
• Weakened after lower US rate-hike expectations.
✔️ Volatility Index (VIX US):
• Lower bond yields and reduced Fed tightening expectations supported risk appetite.
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
• IT positive — supported by Nasdaq rally and Infosys ADR +1%.
• Banking sentiment mildly positive, especially HDFC Bank.
• Semiconductor/electronics stocks remain in focus.
✔️ Market Sentiment / Trend:
• Positive opening bias, but sustainability above 24,000 is crucial.
• Gap-up selling remains a possibility because Nifty is still below major moving averages.
✔️ Volatility (India VIX):
• 11.34, down around 2.2%.
💰 FII & DII DATA
✔️ FIIs:
• Net sellers of approximately ₹2,346 crore in cash market.
• FII index-futures positioning remains heavily bearish.
✔️ DIIs:
• Net buyers of approximately ₹5,000 crore, absorbing FII selling.
📊 COMMODITIES UPDATE
✔️ Crude:
• Brent: ~$95.8
• WTI: ~$91.7
📊 OPTIONS DATA (OI BUILD-UP)
✔️ Call OI:
• Heavy Call writing around 24,000, followed by 24,200.
• Call OI increased around 23%.
✔️ Put OI:
• Strong Put OI around 23,500–23,600.
• Put OI increased around 12.6%.
✔️ PCR:
• Nifty PCR declined from 0.87 → 0.80, indicating cautious/bearish positioning.
📈 NIFTY LEVELS
✔️ Trend:
• Short-term bearish / recovery attempt
• Positive gap-up expected, but 24,000 is the key battle zone.
• Immediate Support: 23,800–23,850
• Major Support: 23,650 / 23,500
• Immediate Resistance: 24,000
• Strong Resistance: 24,100–24,200 / 24,250
📌 Above 24,000, recovery can extend towards 24,100–24,200.
📌 Below 23,800, weakness can return towards 23,650–23,500.
📉 BANK NIFTY LEVELS
✔️ Trend:
• Neutral to mildly positive, with short-covering support.
• Immediate Support: 56,900
• Major Support: 56,500–56,300
• Immediate Resistance: 57,900–58,000
• Strong Resistance: 58,200–58,500
📊 STOCKS / SECTORS IN NEWS
• HDFC Bank – mobilised around $11.5–12 billion through FCNR(B) deposits; positive for deposit-base concerns.
• Infosys – ADR +1%, positive IT sentiment.
• Welspun Corp – Jefferies initiated BUY, target ₹3,250; strong order book and US/Saudi infrastructure opportunity.
• CG Power – Morgan Stanley/analyst coverage positive under semiconductor localisation theme.
• Syrma SGS / Amber Enterprises – in focus on India's semiconductor & electronics localisation push.
📊 STOCK SETUPS TO WATCH
• IT: Infosys and other IT stocks — Nasdaq rally + positive ADR cue.
• HDFC Bank: Positive FCNR(B) deposit development.
• Semiconductor/Electronics: CG Power, Syrma SGS, Amber Enterprises.
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range: 23,650 – 24,200
✔️ Bank Nifty Range: 56,900 – 58,200
📅 IMPORTANT DATA / EVENTS TODAY