The Indian equity markets extended its winning streak to six consecutive sessions, marking their longest rally in two months, with the Sensex reclaiming the crucial 82,000 mark, while Nifty50 crossing the 25,000 level. The BSE benchmark Sensex has surged 1,765 points since August 12, while the NSE Nifty added 596 points during this period, as market sentiment has been boosted by expectations of GST rationalisation, S&P’s credit rating upgrade, and easing geopolitical risks.

The sustained rally in the Indian stock market made investors richer by about ₹12 lakh crore in six sessions as the overall market capitalisation of BSE-listed companies rose to ₹456.27 lakh crore, from ₹444.25 lakh crore at the end of trade on August 12, 2025.

Investors turn cautious ahead of Fed's Jackson Hole symposium

On the weekly expiry day, the 30-share Sensex ended marginally higher by 0.17% at 82,000.71, while the Nifty rose 0.13% to 25,083.75, as investors turned cautious ahead of the U.S. Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium on Friday.

On the other hand, the broader indices finished ended in red, with the Nifty MidCap 50 and the SmallCap 50 losing 0.5% and 0.4%, respectively.

The top five gainers on the BSE Sensex pack were Bajaj FinServ, ICICI Bank, Bajaj Finance, Reliance Industries, and Larsen & Toubro, rising up to 1%. On the other hand, Power Grid, Eternal (Zomato), HUL, Adani Ports, and NTPC were among top five laggards, falling up to 1.5%.

“The subdued movement reflects a cautious undertone among market participants ahead of the Jackson Hole symposium. Investors are closely watching for cues from Federal Reserve Chair Jerome Powell’s speech, which could offer insights into the future trajectory of interest rates and monetary policy,” said Sudeep Shah, Head - Technical Research and Derivatives at SBI Securities.

Ajit Mishra – SVP, Research, Religare Broking said investors are closely tracking developments around recent discussions and approvals on GST reforms, which are prompting sector-specific reactions. In addition, global cues remain in focus, particularly the Jackson Hole symposium, where commentary from central bankers could influence sentiment. The IT space, in particular, may witness further rebound once clarity emerges on the global policy outlook, he said.

“Amid this backdrop, we maintain a positive view on the market but advise traders to focus on selective opportunities arising from rotational buying across sectors. At the same time, it is prudent to avoid aggressive positioning in the broader indices and adopt a stock-specific approach in the near term," he said.

Technically, the broader market tone remains constructive, but some hesitation was visible around this key retracement, with midcap and smallcap indices showing limited momentum compared to last week’s performance, said Rajesh Bhosale, Equity Technical Analyst, Angel One.

In the near term, the Nifty index is likely to witness consolidation, with 25,150–25,200 acting as a crucial resistance zone. On the downside, immediate support is placed at 25,000, followed by this week’s low of 24,850, which is expected to hold as a strong base.

Analysts advise traders to maintain a positive bias and use intraday dips as buying opportunities, as a sustained move above 25,200 could open the path for further upside towards 25,350 and 25,500 into the final week of August. Meanwhile, sector rotation has been a key feature of the recent rally, making it important for traders to track emerging themes for potential leadership, Bhosale said.

(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)