The market shed nearly 2.7 percent during the week ended September 26 after more than 4 percent rally in previous three weeks, with broad-based selling pressure after US President Donald Trump significantly increasing fee on new H-1B visa applications to $100,000 and imposing 100% tariff on pharmaceutical products. FII outflow and geopolitical risks stemming from US trade actions also weighed on sentiment, which pressured the rupee, however, the gold continued to attract safe-haven demand which reached new record high of $3,824.6 per troy ounce.

In the coming truncated week, the market may see some bounce back after sharp sell-off, but overall, the sentiment is expected to remain weak amid consolidation with focus on RBI monetary policy, US jobs data, and FII flow, along with further deve

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