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The Indian rupee strengthened marginally versus the US dollar on Friday and closed at 83.89/$1, due to mild corporate inflows into the domestic market.

Nifty formed a small negative candle on Friday, with an ongoing trend of higher highs and lows. The index shows a choppy but positive bias, potentially reaching 25,000-25,100 soon. Immediate support is at 24,650. Weekly charts indicate a positive candle and a filled down gap resistance at 24,700.

Tata Technologies shares surged 4.5% to Rs 1,054 on BSE after a block deal worth Rs 1,218 crore, representing 2.9% of equity took place. About 1.2 crore shares were traded at Rs 1,019.8 each, according to reports.

"We have seen some challenges there (SME platform). We request you to be extra careful as far as SME IPOs and fundraising are concerned because these small companies will become much, much bigger going forward," the banker-turned-capital markets regulator said.

​Basel III, which is basically the International Bank of Settlement, was introducing basically restrictions on selling gold short in the market. So, you needed to have actually full collateral. That has been forcing a lot of short people actually to buy back their shorts and then we used to have now this war zone coming up where your third-party risk increased and that meant gold moved back to home countries instead of staying away in other exchanges.

Markets expect Federal Reserve Chair Jerome Powell to play it safe at the Jackson Hole symposium. Amid high equity volatility and speculation about rate cuts, strategists foresee moderate bond movements and small stock swings. Historically, the event has had minimal market impact.

​Indian analysts have not respected liquidity so much. One year back, on 11th of September last year, midcap was called mad cap and we are speaking almost in a year.

Public Sector Undertakings (PSUs) in India have seen their market capitalisation rise by 4% over 24 months, and now represent 15% of the market. Despite unchanged earnings metrics, their valuation multiples have expanded significantly. ROE is improving, and substantial capex suggests future growth.

Rajiv Batra from JPMorgan predicts a difficult Q2 for India due to weather impacting demand but remains confident about long-term growth prospects. He favors healthcare, especially pharma and hospitals. Autos face stiff competition. Batra expects Indian markets to have a 13-15% CAGR and anticipates FII flows stabilizing after the US elections.