The markets extended their positive momentum for the fourth consecutive week, gaining nearly half a percent amid consolidation. Looking ahead, market participants will closely monitor the Manufacturing and services PMI. However, the key focus will be on the US Fed meeting, where a 25 basis point rate cut is already factored in.

GIFT Nifty (Earlier SGX Nifty) signals a flat start

GIFT Nifty on the NSE IX traded higher by 1.00 points, or 0.00 per cent, at 24,778.50 signaling that Dalal Street was headed for flat start on Monday.

US stocks flat

U.S. stocks closed out the trading week near the unchanged mark in a subdued session on Friday, with the S&P 500 and Dow posting weekly declines, while the Nasdaq secured its fourth consecutive week of gains.

Asian stocks mixed

Most Asian stocks traded in narrow ranges early Monday ahead of a swath of Chinese data and following a vow from the nation’s regulators to stabilize markets.

S&P 500 futures were little changed as of 9:32 a.m. Tokyo time

Hang Seng futures fell 0.3%

Nikkei 225 futures (OSE) rose 0.3%

Japan’s Topix was little changed

Australia’s S&P/ASX 200 fell 0.3%

Euro Stoxx 50 futures rose 0.1%

Rupee

The rupee rebounded from its all-time low level and settled with a gain of 8 paise at 84.80 against the US dollar on Friday, buoyed by a strong recovery in domestic equity markets and easing inflation data.

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