Indian markets closed higher on Friday, led by pharma and auto stocks. The Nifty ended at 24,131, with a range-bound movement between 23,900-24,400. The 50-DMA and 89-DMA are acting as resistance, while 23,900-24,000 is the support level.
The CBIC is monitoring price changes of essential goods after the GST rate cuts on September 22nd. Field officials are collecting data from retailers and
Nomura projects stable government borrowing for the second half of fiscal year 2026. The borrowing calendar is expected soon after discussions with the Reserve Bank
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