# Before we start a brand new week, the 2-big catalysts:

1) The RBI is likely to hold rates at 5.50% on October 1 and probably all- through 2025.

The RBI is likely to hold rates as global risks are adding to uncertainty.

Trade tensions with the United States and new visa criteria have clouded the economic outlook, pushing the rupee to record lows at 89.90 and most importantly, prompting investors to pull out of Indian equity markets.

2) All eyes will be on the US Nonfarm Payrolls report for September to be wired this Friday, October 3.

# Our call of the day suggests volatility is likely to be the hallmark of the day amidst the broad-based selloff being witnessed at Dalal Street amidst 2-negative catalysts:

1) Fresh US tariffs, particularly hitting pharma stocks.

[President Trump said his administration will impose a 100% tariff on branded and patented pharmaceuticals from October 1, 2025, unless companies set up U.S. production.]

2) Investor sentiment was also reeling from this surge in H-1B visa fees that sparked heavy selling in IT stocks.

# Volatility is likely to be also likely to be hallmark as September F&O expiry is this Wednesday, October 1st.

# Now, before we end, all the details about FIIs selling.

In Friday's trade, FIIs turned out to be net sellers to the tune of Rupees 5687.60 crores

So far in September 2025, FIIs have turned out to be net sellers to the tune of Rs 30142.80 crores.

FIIs' selling crosses Rs. 1 lakh crore mark for FY-26!

# Long story short: Caution shall still continue to be the buzzword at Dalal Street.

Nifty bulls will however hope that Nifty snaps its 6-day losing streak after Dow Jones gained 300 points in Friday’s trade on backdrop of decent US PCE inflation which came in at 2.7% Y-O-Y in August…

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