Weekly market update, Aug 28, 2026

Indian equity markets slightly declined and extended their losses to a third straight week as investor sentiment remained cautious amid mixed global cues, while stronger than expected U.S. inflation data for Jul 2026 revived concerns that the U.S. Federal Reserve could raise interest rates again before year-end. For the week, the Nifty 50 slipped around 0.32%, while the Sensex declined nearly 0.36%. The broader market, however, showed greater resilience, with the BSE 150 Midcap and BSE 250 Smallcap indices advancing about 0.31% and 0.51%, respectively. On the BSE sectoral front, it was mixed. BSE Metal was the major gainer, up 2.81%, followed by IT, up 2.20%, and Healthcare, up 2.07% respectively. BSE FMCG was the major loser, down 1.22%, followed by Auto, down 0.81% and Bankex, down 0.62%.

Looking ahead, the market sentiment in the coming week is likely to be driven largely by the upcoming gross-domestic-product data, movements in crude oil prices and the US non-farm payrolls report, according to analysts. Besides these key indicators, investors will also track other macroeconomic data, India’s August manufacturing and services PMI readings, GST collections, movement in the rupee, monthly auto sales figures and foreign investor activity for cues on the market’s direction.

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