GST meeting, expiry shift and auto sales data among 11 factors that’ll steer D-Street this week
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Indian benchmark indices ended the holiday-truncated week 1.8% lower on concerns over US tariffs. A host of important domestic and global events lined up during the week are likely to impact stock markets when they resume trading on Monday. On Friday, the Nifty closed 74.05 points, or 0.3%, lower to end the day at 24,426.85. Commenting on Friday's session and the start of the September series, Ajit Mishra, Senior Vice President – Research at Religare Broking, said that the new derivatives series started on a muted note, extending the prevailing corrective phase. "The ongoing decline appears to be more sentiment-driven in the absence of fresh positive triggers, and the Nifty is now approaching a critical support zone at 24,250–24,350. Meanwhile, the banking index has almost tested its major support around the 200 DEMA at 53,600, which could prompt some pause or even a rebound," he said. "Mishra recommends a cautious appr...