Indian equity markets are set for a cautious start on Tuesday, September 15, after a holiday break, with global cues, crude oil prices, US bond yields and the upcoming Federal Reserve policy decision likely to drive sentiment. GIFT Nifty indicated a positive opening, while elevated Brent crude near $107 a barrel remains a major concern for Indian equities.
The Sensex closed at 74,781.76 in the previous session, down 120.83 points, while the Nifty 50 ended at 23,398.10, falling 79.70 points. Both indices have remained under pressure, with the Nifty having declined for five consecutive weeks.
Nifty 50 trading strategy
Technically, the 23,230–23,250 zone remains an important support area for the Nifty. A sustained break below 23,230 could open the way towards 23,070–23,080. On the upside, 23,500 is an immediate hurdle, followed by 23,600–23,650.
Traders may therefore prefer a cautious approach until the index establishes a clear direction.
Crude oil and gold in focus
Crude oil remains one of the biggest risks for Indian markets. Brent was trading close to $107 per barrel, with geopolitical tensions and concerns around energy supplies supporting prices. Higher crude can increase India’s import bill, put pressure on the rupee and raise inflationary concerns.
Gold prices, meanwhile, remain sensitive to movements in the US dollar, Treasury yields and expectations surrounding the Federal Reserve’s interest-rate decision. Investors should expect volatility across commodities as global macroeconomic uncertainty remains elevated.
Eight stocks to watch
Stocks that could remain in focus include HDFC Bank, Sun Pharma, Coforge, HFCL, Varun Beverages, Tata Group companies, Emcure Pharmaceuticals and VA Tech Wabag. HDFC Bank is particularly important after developments around its CEO succession process, while several other companies have fresh business or corporate updates.
Analysts have also highlighted Emcure Pharmaceuticals and VA Tech Wabag among their stock recommendations for the week, citing technical strength and positive momentum.
With crude oil elevated and global yields under pressure, traders should focus on position sizing and strict stop-losses rather than chasing sharp opening moves.
Disclaimer: This article is for informational and educational purposes only and should not be considered investment advice. Investors should conduct their own research or consult a SEBI-registered investment adviser before making investment decisions