Oil markets are closely watching President Trump’s efforts to mediate between Ukraine and Russia, impacting regional stability and energy flows. The Federal Reserve’s upcoming Economic Policy Symposium in Jackson Hole is also a key event, with Jerome Powell expected to unveil the Fed’s new policy framework. Market anticipates potential rate cuts in September amid signs of labor-market weakness.
Dharmesh Shah sees strong support at 25,500–25,700; expects Nifty to rebound towards 26,100 soon
Indian markets saw pressure with Nifty dipping below key support. Analysts believe this is a healthy correction within a bull trend. Nifty is expected to