Powell’s Jackson Hole speech, FII activity among 8 key triggers to move market this week
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Markets closed higher for the second straight week, with the Nifty 50 and Sensex gaining close to 1%. Optimism around a possible GST rate overhaul lifted sentiment early on, and momentum held through most of the week before some profit booking in the final session pared gains. By the end of the week, the Nifty stood at 24,870.10, while the Sensex settled at 81,306.85. The rally was fueled mainly by domestic policy signals, with expectations of GST rate changes boosting investor appetite. Sentiment was further lifted after S&P upgraded India’s sovereign credit rating. However, caution lingered as mixed geopolitical cues and uncertainty over policy rates ahead of US Federal Reserve Chair Jerome Powell’s Jackson Hole address prompted profit-taking. After a steady run-up, Nifty paused on Friday, suggesting a brief consolidation before the next leg higher. The index continues to hold above the 50 EMA, reinforcing the short-term uptrend. On...