Sensex Pauses After 6-Day Rally; Nifty Dips Below 24,900 Amid Fed Watch

📉 Market Momentum Shifts Indian equity benchmarks Sensex and Nifty opened lower on Friday, ending a six-session winning streak fuelled by optimism around GST reforms. The Sensex slipped 694 points, while Nifty slipped below the 24,900 mark. 🧪 Global Eyes on Jackson Hole Investor caution is rising ahead of US Federal Reserve Chair Jerome Powell’s address at the Jackson Hole Economic Symposium later today. This will be Powell’s eighth and final speech at the event before his term ends in May 2026. 🔍 Market participants are focused on clues about the Fed’s September 16–17 policy meeting, looking for signals on interest rate direction and monetary policy stance. 🏦 Sector Snapshot: Diverging Trends - 12 out of 16 sectoral indices closed in the red - Banking and FMCG sectors faced the sharpest declines - Healthcare, pharmaceuticals, and consumer durables showed resilience - Media stocks like Zee Ltd and Saregama bucked the trend with notable gains 🌍 Global Market Pulse Ahead of Fed Speech - Stoxx Europe 600 up 0.2% - S&P 500 futures gained 0.1% - Nasdaq 100 futures largely flat - Dow Jones futures climbed 0.2% - MSCI Asia Pacific and Emerging Markets indices each rose 0.2% 🚦 Takeaway for Investors The pause in Indian markets reflects broader global caution as investors await Powell’s guidance. While GST optimism has supported recent gains, the Fed’s tone could shift sentiment. Keeping an eye on sector performance and global cues will be key in navigating near-term volatility. Smart money watches the Fed closely — this might shift market dynamics in the weeks ahead.