Markets turned green today, driven by optimism from U.S. Fed Chair Jerome Powell’s remarks hinting at a rate cut in September. This lifted the Nifty by ~0.4%, though it still closed shy of the 25,000 mark. Midcaps rose modestly (~0.1%), while small-caps ended flat, and the advance–decline ratio remained balanced. Sector Drivers: IT led the charge (+2–2.5%), followed by Real Estate and Metals. PSU Banks slipped slightly. Key Highlights: Index Reshuffle: IndiGo (InterGlobe Aviation) and Max Healthcare to join the Nifty 50 on September 30, replacing Hero MotoCorp and IndusInd Bank. This shift is likely to draw significant retail and ETF inflows. Telecom Buzz: Vodafone

IDEA

Idea surged over 10% in two days following reports that the PMO is reviewing a relief package for its massive AGR dues. Bottom Line: Global cues continue to set the tone for Indian markets. While Fed easing pushes sentiment higher, structural gains will require clarity on domestic policies, corporate earnings, and index adjustments.

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