On the September expiry day, FIIs covered 34% of their shorts from their index futures portfolio, which at least partly explains the strength of the vertical rise we saw in the closing hour of last Thursday. Now, while this took up their long proportion to 79.9%, a near term extremity this was not a one off event borne out of expiry dynamics. The day after expiry also saw long addition, but more importantly, it also saw short reduction by nearly 6%.

Gold prices have surged due to central bank buying, U.S. rate cuts, and global uncertainties. Continued monetary easing signals further price increases, with potential targets reaching $2,800 per ounce

Nifty reached new record highs last week, driven by banks and pharma stocks. This week, market movements will be influenced by global events, new transaction fees from NSE and BSE, the rupee’s performance against the dollar, corporate actions, technical factors, FII/DII activity, IPOs in the SME segment, and crude oil prices

The Shanghai Stock Exchange will conduct tests on its auction and other platforms on Sunday following an unexplained transaction delay. The delay occurred during a stock rally spurred by recent monetary and fiscal stimulus announcements. Sunday’s test aims to identify issues with processing large orders, simulating a normal trading day.

Broadly speaking world is connected, at the same time China is going through its own issues on their economic front, especially with real estate and it seems to be a grave situation there on many counts and that is where the government there has taken these steps first time to even distribute money for their national holiday and that is showing you that that particular economy is going through the stress.