Country: IN | Published: 2026-09-22
Indian equities remain in a cautious holding pattern, with IT names like Wipro testing key support levels as the sector's weakness continues to weigh on sentiment. The macro backdr
Indian equities remain in a cautious holding pattern, with IT names like Wipro testing key support levels as the sector's weakness continues to weigh on sentiment. The macro backdrop is busy: a possible India-Canada trade deal is on the table for late September, Trump's UN remarks keep US-Iran tensions and their oil implications in focus, and Jamie Dimon's comments about making things easier for foreign capital in India are resonating with investors. Meanwhile, the RBI has been active, using bond sales and currency intervention to rein in excess cash in the banking system, and a planned bank strike in late September could briefly disrupt services.