Introduction- Weekly Market Update September 4th Week
Indian equity markets witnessed sharp declines in the Weekly Market Update September 4th Week, breaking their two-week winning streak. The selling pressure was broad-based and stemmed from both global and domestic triggers.
The week started on a weak note as global cues soured, and by mid-week, fresh shocks like the 100% US tariffs on Indian pharmaceuticals, hikes in H-1B visa fees, and weak guidance from Accenture triggered heavy selling in IT and pharma counters. Adding to the pain, Fed Chair Jerome Powell’s cautious stance on rate cuts dampened hopes of liquidity support.
Foreign portfolio investors (FPIs) continued their exodus, pulling out nearly ₹13,450 crore, including a sharp sell-off of ₹4,995 crore in a single day (Thursday). On the other hand, domestic institutional investors tried to cushion the fall, but the selling pressure was overwhelming.
Interestingly, even amid this volatility, the India VIX cooled by 5.96%, reflecting that traders expect stability ahead despite the index carnage. Crude oil rose 2.7% to $68.63 per barrel, while the rupee remained under pressure near ₹88.72/USD, raising concerns about imported inflation.
Weekly Index Performance September 4th Week
Here’s how the key indices fared during the Weekly Market Update September 4th Week:
| Index | Closing | Weekly Change | % Change |
|---|---|---|---|
| NIFTY 50 | 24,648.55 | -637.95 | -2.52% |
| SENSEX | 80,493.62 | -2,030.47 | -2.46% |
| Nifty Bank | 54,406.90 | -1,130.20 | -2.04% |
| Nifty IT | 33,750.80 | -1,865.10 | -5.24% |
| S&P BSE SmallCap | 52,316.46 | -2,295.82 | -4.20% |
The headline Nifty 50 plunged 3.02% to close at 24,654.7, registering its steepest weekly fall in months. Broader markets were hit harder, with Midcap and Smallcap indices sliding 4.25% and 4.75%, respectively. The IT index cracked over 5% as global cues and company-specific warnings weighed heavily.
This week’s performance underscored the fragility of markets in the face of global headwinds, where even resilient sectors like banking and FMCG couldn’t withstand selling pressure.
Weekly Sectoral Performance
On the sectoral front, only two sectors managed to stay in the green, while the rest ended deep in the red.
| Gainers (Sector) | Weekly Change % |
|---|---|
| Commercial Services & Supplies | +1.37% |
| Utilities | +1.09% |
| Losers (Sector) | Weekly Change % |
|---|---|
| Software & Services | -7.43% |
| Textiles, Apparels & Accessories | -5.78% |
| Hotels, Restaurants & Tourism | -5.73% |
| Hardware Technology & Equipment | -5.59% |
| Retailing | -5.40% |
The Weekly Market Update September 4th Week highlights how IT and consumer-linked sectors were among the worst hit. Software & Services fell by 7.43%, driven by the negative IT outlook. Meanwhile, discretionary segments like Hotels and Retailing also lost sheen as global uncertainties kept investors cautious. Utilities and Commercial Services provided the only positive contributions, acting as safe havens during the sell-off.
Industry-wise Performance- Weekly Market Update September 4th Week
Breaking it down further at the industry level gives a clearer picture:
| Industry (Gainers) | Weekly Change % |
|---|---|
| Copper | +10.95% |
| Commodity Trading & Distribution | +5.11% |
| Computer Hardware | +4.54% |
| Power Electric Utilities | +2.15% |
| Special Consumer Services | +1.92% |
| Industry (Losers) | Weekly Change % |
|---|---|
| IT Networking Equipment | -11.54% |
| Household Products | -8.82% |
| IT Consulting & Software | -7.69% |
| Footwear | -7.55% |
| Biotechnology | -7.31% |
The Weekly Market Update September 4th Week showed resilience in commodities like Copper, which gained over 10%, thanks to global supply concerns. On the flip side, IT Networking and Household Products were crushed, reflecting weak demand and global headwinds. Biotechnology too lost heavily as sentiment soured on pharma due to tariff concerns.
Top Gainers and Losers Stocks- Weekly Market Update September 4th Week
| Gainers (Stock) | Weekly Change % | LTP |
|---|---|---|
| Tata Investment | +18.17% | 8,666 |
| Netweb Technologies | +12.69% | 3,695.4 |
| Hindustan Copper | +10.29% | 311.97 |
| NLC | +7.40% | 279.53 |
| Anant Raj | +6.14% | 679.7 |
| Losers (Stock) | Weekly Change % | LTP |
|---|---|---|
| Coforge | -14.30% | 1,538.5 |
| Caplin Point Labs | -13.06% | 2,036.9 |
| LT Foods | -12.06% | 415.75 |
| Mphasis | -11.74% | 2,642.4 |
| Redington | -11.64% | 264.83 |
| Balrampur Chini | -11.35% | 451.9 |
The Weekly Market Update September 4th Week showed how volatility created sharp winners and losers. Tata Investment soared 18% on value buying and fund inflows, while Netweb Technologies hit a 10-year high after strong order wins. In contrast, IT names like Coforge and Mphasis were hammered on weak global outlook. Consumer names like LT Foods and Redington also faced heavy selling.
Global Market Overview
| Index | Closing | Change | % Change |
|---|---|---|---|
| Dow 30 | 46,247.30 | +299.97 | +0.65% |
| S&P 500 | 6,643.70 | +38.98 | +0.59% |
| Nasdaq Composite | 22,484.10 | +99.37 | +0.44% |
| FTSE 100 | 9,284.83 | +70.85 | +0.77% |
| CAC 40 | 7,870.68 | +75.26 | +0.97% |
| DAX | 23,739.50 | +204.64 | +0.87% |
| Nikkei 225 | 45,355.00 | -399.94 | -0.87% |
| Hang Seng | 26,128.20 | -356.48 | -1.35% |
| Shanghai Composite | 3,828.11 | -25.20 | -0.65% |
Global equities painted a mixed picture. US markets gained modestly as tech stocks recovered, while Asian indices like Nikkei and Hang Seng slumped due to local economic headwinds. The Weekly Market Update September 4th Week indicates that Indian markets were more aligned with Asian weakness rather than US strength.
Upcoming Events Next Week
| Date | Event | Forecast |
|---|---|---|
| Sept 29 (Mon) | Industrial Production (YoY) | 3.5% |
| Manufacturing Production (YoY) | 5.4% | |
| Sept 30 (Tue) | Government Budget Value | $736.3B |
| External Debt | – | |
| Oct 1 (Wed) | RBI Interest Rate Decision | 5.5% |
| HSBC Manufacturing PMI Final | 58.5 | |
| M3 Money Supply (YoY) | 9.5% | |
| Oct 2 (Thu) | Gandhi Jayanti – Market Holiday | – |
| Oct 3 (Fri) | Forex Reserves | $702.57B |
The Weekly Market Update September 4th Week sets the stage for a crucial upcoming week, as several high-impact events could shape investor sentiment.
- Industrial & Manufacturing Production (Sept 29): These numbers will reveal whether India’s factory output is picking up pace. A stronger-than-expected reading could support cyclical sectors like autos, capital goods, and metals, while weak numbers may pressure midcaps further.
- Government Budget & Debt Data (Sept 30): With rising fiscal concerns and external debt watch, these data points will give clarity on how much fiscal room India has for future reforms or stimulus measures. Investors in infrastructure and PSU stocks will be watching closely.
- RBI Interest Rate Decision (Oct 1): This will be the biggest event. Markets largely expect the RBI to maintain rates at 5.5%, but the commentary on inflation, rupee stability, and growth will be crucial. Any hawkish stance could spook rate-sensitive sectors like real estate and banking.
- HSBC Manufacturing PMI (Oct 1): PMI is a quick health-check of business activity. A print above 50 signals expansion. At 58.5, the reading still suggests robust growth, but the moderation from last month may raise concerns for export-oriented industries.
- Forex Reserves (Oct 3): With the rupee under pressure at ₹88.72/USD, reserves data will indicate the RBI’s ability to intervene in currency markets. Strong reserves are a comforting cushion for FPIs.
- Market Holiday (Oct 2): Gandhi Jayanti will give traders a one-day breather, but it may also compress volumes around the holiday, amplifying volatility in the sessions before and after.
Together, these events carry the potential to decide whether the market stabilizes or extends its correction into October.
Conclusion & Outlook
The Weekly Market Update September 4th Week showed how quickly sentiment can turn when external shocks collide with domestic vulnerabilities. IT and pharma were hammered by tariffs and weak global guidance, while broader markets fell prey to relentless FPI outflows. Yet, the cooling of India VIX by 1.54% suggests that panic selling may already be behind us.
Looking ahead, the spotlight shifts firmly onto the RBI policy decision and macroeconomic data. If the RBI reassures on inflation and rupee management, markets may find a floor around the 24,400–24,500 zone on Nifty. On the flip side, any hawkish stance could drag benchmarks further.
Crude oil at $68.63 per barrel and the weak rupee remain overhangs, keeping imported inflation a top concern. But selective opportunities are emerging — commodity-linked sectors like copper and utilities have shown resilience even in a bad week, hinting where smart money is rotating.
For short-term traders, volatility will remain the theme, with sharp swings both ways. For long-term investors, this correction offers an entry point in fundamentally strong businesses, especially in defensives and commodity-linked plays.
In summary, the Weekly Market Update September 4th Week reminds us that market corrections, though painful, are also opportunities in disguise. The coming week’s data and RBI stance will decide whether this is just a healthy pause or the start of a deeper consolidation phase.
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