The global cues kept BSE Sensex and Nifty50 volatile in the last week of September due to likely rate hikes, dollar strength, higher US bond yields, rising crude oil prices and FII selling. Despite mounting concerns, IT stocks underperformed while Pharma sector witnessed strong buying interest. Domestic markets grappled with volatility and low liquidity.

Bank Nifty has not been performing well due to the lackluster performance of HDFC Bank. Rupak De, Senior Technical analyst at LKP Securities, suggests that shorting may not be advisable until Bank Nifty drops below 44,500, as this could potentially drive the index towards 43,800/43,500. Conversely, 45,000 is likely to provide strong resistance on the upside.

TRAI has issued a consultation paper to accelerate adoption of 5G tech in India. It highlights the need for collaborative efforts between industry players and addresses tension between telcos & large companies over access to networks. Nielson report shows competition for access to 5G is increasing; Reliance is planning to secure $2Bn for its 5G rollout. PM praised launch of 5G services.

True North, a homegrown private equity firm, has struck their biggest deal yet by ceding control of Niva Bupa Health Insurance to JV partner Bupa. True North, in partnership with Bupa, will also raise primary capital investment of Rs 800 crore, valuing the company at around Rs 12, 600 crore. This is part of their goal of providing shareholder certainty.

India is building Yuge Yugeen Bharat National Museum, the world’s largest museum spread over 1.17 lakh square metres in New Delhi, with a thematic display of over 5,000 years of Indian art and craftsmanship backed by collaboration of France which will feature interactive audiovisuals and virtual walkthroughs projected to highlight the contributions of India.

The financial year 2023 proved to be a challenging period for Indian startups in the context of securing funding. Despite having substantial dry powder reserves of over $18 Bn as of December 2022, investors adopted a cautious approach. Not to mention, the impact of bearish investor sentiments has seeped into the financial year 2024 as well, leading to a significant 65% year-on-year decline.

Agilus Diagnostics Ltd has applied to Sebi to launch an IPO through an OFS of 1.42 cr equity shares by existing shareholders. It's the largest diagnostics service provider in terms of number of labs (413) and 2nd-largest in India in terms of revenue (FY2023). They provide tests and services in India and internationally (Middle East/Africa/CIS/SAARC), performed 3.9 crores tests & served 1.66 cr.

Following a brief dip in funding last week, Indian startups raised $194 Mn across 34 deals in the concluding week of September - marking a substantial 113% increase from the prior week. Over the duration of 4 weeks in September, Indian Startups have collectively garnered $995 Mn in funding. This was marked by investments in different sectors.

This week saw around 40 companies from large, mid and small cap segments witness block deals worth Rs 8,423 crore. Deals were made between HDFC Bank (Rs 1,571 crore), ICICI Bank (Rs 870 crore), Kotak Mahindra Bank (Rs 394 crore) and other prominent firms. Nuvama also reported bulk/block and insider deals in 7 stocks.

Summarize: The Nifty benchmark indices exhibited a trading range of 275 points and closed with a marginal loss of 0.18%. Market jolt was primarily due to US Markets and FIIs selling from Indian market. Major signs of weakness include the 7.43% uptick in INDIA VIX, profit bookings from higher levels, forming a bearish candle on the weekly chart and closing below both 20 and 50-day moving average.

Spot gold extended its losing streak to the fifth consecutive day Friday, closing at $1,648.73 with a 0.85% loss on the day. US Dollar strength and high yields have been working against gold as the Fed signals it is likely to continue a high rate regime for longer than expected. The weak inflation data out of US and Euro-area further underpinned bearish sentiments.

U.S. government bond yields rose in the third quarter, disappointing investors who had expected a reprieve from last year's historic losses due to rising interest rates contending with surging inflation. The increase is pushing Treasury yields up to their highest levels since 2007, creating a worryingly large deficit and making financing more difficult for households and businesses alike.

Financial services firm Valkyrie Funds LLC said on Friday it will halt buying of ethereum for the Valkyrie Bitcoin and Ether Strategy ETF and unwind any positions already acquired, a stumbling block in its bid to be the first to bring an exchange traded fund (ETF) tied to the cryptocurrency ethereum to the market.

Wells Fargo said on Friday it had sold about $2 billion of its private equity investments as the bank aims to sharpen focus on its core businesses. Lenders have been looking to improve efficiency and scale back less important bets, to better navigate the uncertainty as the Federal Reserve tries to engineer a soft landing for the U.S. economy.

Equity markets were off to a strong start in the month of September, but turned vulnerable towards the later half amid mounting concerns over oil prices and hawkish Fed commentary.During the month, Sensex climbed 1.56%, while mid and smallcap indexes were up 3.65% and 1.13%. respectively.Six smallcap stocks have delivered over 50% returns, with ITI Ltd topping the charts after a 68% rally.