- Astrology view: Important turning dates for the market are 7th, 9th, 11th and 15th September 2026. Traders and investors should remain cautious around these dates.
- Friday night closing: Dow closed down 272 points, Nasdaq 77 points and S&P 29 points, while Gift Nifty declined 10.50 points to 23,999.50, signalling a mild gap-down opening on Monday, subject to weekend developments. US markets will remain closed on Monday for Labor Day.
- Brent crude above $95 is a major negative, while levels above $80 remain a concern for the Indian economy. A severe El Niño-driven drought, reportedly the worst in 20 years, is another major concern. Heavy IPOs, including three mega issues, could drain liquidity from cash stocks, keeping Sensex/Nifty range-bound while triggering profit booking. Global food prices are at their highest since 2022, while geopolitical tensions remain elevated. Avoid overtrading, leverage and margin funding until Diwali as volatility could remain high.
- As per market grapevine, five value buys include Blackrose at Rs.113 after a 200% first interim dividend for FY27 versus 125% for FY26, Chemcon Speciality Chemicals at Rs.198 after a 65% FY26 dividend, BSE SME Rajesh Power at Rs.782 at around 10x PE, Haldyn Glass at Rs.147 after a 70% FY26 dividend and Texmo Pipes & Products at Rs.46 at around 5x forward PE. These stocks remain attractive versus their lifetime highs and can be kept on the radar for the next 10-15 days.
- BSE MD & CEO Sundararaman Ramamurthy said participation in CAS has been affected by liquidity constraints and that dealer feedback is being collated for presentation to regulators. As per market grapevine, until a practical solution emerges, retailers should avoid F&O/options and focus on selected growth-oriented stocks with strong Q1FY27 EBITDA/PAT and an optimistic Q2 FY27 outlook, along with quality IPOs.
- As per market grapevine, markets may remain highly volatile with a sell-on-rise approach due to high crude, rising inflation, AI concerns, weak monsoon, heavy IPOs and increased supply through block deals, bulk deals, OFS and QIPs. For now, focus on selected growth stocks with strong Q1 FY27 EBITDA and positive Q2 FY27 outlook. Blackrose, BSE SME Rajesh Power, Chemcon Speciality Chemicals, IOLCP, Morepenlab, Southwest and Texmopipes may give good returns over the next 2-3 months.
- As per a market veteran, the US Federal Reserve may not raise interest rates at its 15th-16th September meeting due to the upcoming mid-term elections in the US.
