India imported $131.6 billion of Chinese goods in the year ended March, accounting for almost 17 per cent of its imports. Read full report here

For many Indian nursing students and graduates, working overseas is becoming an important career option. A survey by global talent mobility platform TerraTern, based on 2,500 enquiries received over the past year, found that 90-95% of enquiries from nurses exploring overseas opportunities came from South India.

Kerala and Tamil Nadu were the biggest source markets, followed by Karnataka and Telangana. The survey also found that interest in overseas healthcare careers is not limited to nursing. Physiotherapy is another area where opportunities are available in Germany, but enquiries from physiotherapists remain significantly lower. This highlights a gap in awareness among Indian candidates about the options available to them.

Indians are flying to Dubai to buy iPhone 18 Pro and iPhone 18 Pro Max as the price difference is large enough to make the trip worth considering. Read full report here

RNFI Services Limited (NSE: RNFI), a last-mile financial infrastructure company, today announced a significant regulatory milestone with the Reserve Bank of India (RBI) approving perpetual validity of the Authorised Dealer Category-II (AD-II) foreign exchange licence held by its wholly-owned subsidiary, RNFI Money Private Limited. The approval also expands the licence to include trade remittances, Nostro accounts and the appointment of Forex Correspondents.

The expanded licence strengthens RNFI Money's ability to build its cross-border payments business over the long term and extend regulated foreign exchange, remittance and trade payment services through RNFI's existing last-mile network across India. It also builds on RNFI's recent in-principle authorisation from RBI to operate as a Payment Aggregator - Physical (PA-P), adding another regulated capability to the Company's growing financial infrastructure platform.

Commenting on this milestone, Ranveer Khyaliya, Managing Director, RNFI Services Limited says, "Perpetual validity reflects the RBI's confidence in RNFI Money's governance and compliance record, and gives us the certainty to build our cross-border business for the long term. Cross-border payments in India have been concentrated in bank branches and metro forex counters. By appointing Forex Correspondents from our network of over 2.8 lakh active agents in phases, and in full alignment with RBI guidelines, we can take regulated forex, remittance and trade payment services to families and small businesses across the country."

For Indian technology professionals, the impact could be felt through GCCs, multinational technology companies and outsourcing firms. Read full report here

Avinash Shekhar, Co-Founder And CEO, Pi42

"Bitcoin's move above $82,000 is significant, but the more important development is what is happening underneath the price action. The SEC's new pathway for tokenized U.S. stocks brings traditional financial assets further onto blockchain rails. This is a meaningful shift because tokenization is moving from a conceptual use case toward an increasingly regulated market structure, potentially bringing more institutional activity and liquidity into blockchain based markets.

The strength across the major digital assets also reflects this improving narrative. Ethereum has moved above $2,700, supported by a sharp increase in trading volume, while XRP and Dogecoin have also participated in the broader rally. Ethereum is particularly interesting here because its breakout above $2,560 and successful retest of that level show that market participants are responding to both price momentum and the growing relevance of blockchain infrastructure.

Another important signal is the change in derivatives activity. Bitcoin open interest has increased nearly 10% over the past week, while retail and whale traders on Binance remain broadly neutral. This suggests the latest move is gaining participation without large traders taking an extreme directional position. At the same time, nearly $400 million in positions were liquidated over 24 hours, with short positions accounting for the larger share, adding momentum to the upside move.

The bigger opportunity for the crypto industry is that tokenization could expand the role of blockchain well beyond cryptocurrencies. If regulated tokenized stocks gain adoption, it could create a bridge between traditional capital markets and blockchain networks, bringing new forms of liquidity, settlement and market access. Bitcoin's price action is capturing attention today, but developments such as these could have a much more lasting impact on how the financial system interacts with digital assets." 

Companies are looking beyond India's metros. Lower real-estate costs, better infrastructure and access to talent are making smaller cities attractive. Read full report here

The Thesis
Brent is easing as Saudi Arabia reroutes crude through the Strait of Hormuz to offset last week's Houthi strike on its East-West pipeline, taking pressure off India's import bill just as the Nifty 500 closed Friday at 22,840.55, up 0.82%. Positioning tilts toward PSU energy infrastructure and dollar-earning exporters - a barbell that captures the domestic capex story while hedging a reversal in the Gulf supply relief. With India VIX down near an 11-handle, the market isn't pricing much drama into that reroute holding.

Where We're Concentrated
Two threads dominate: PSU energy and infrastructure (Engineers India, NTPC) betting on capex continuity even as the region's supply picture stays fluid, and dollar-earning exporters and services (Indegene, Welspun Living, LT Foods) that benefit directly from softer crude and sit outside Gulf shipping risk. GIFT Nifty's tepid signal into the open reflects caution ahead of the Trump-Xi meeting; a stalled pipeline repair or a fresh Red Sea strike would reverse the crude relief and hit the rupee and refiners' margins first, testing the infrastructure half of this barbell.

Conviction Picks
Highest Conviction
Indegene Ltd.
A dollar-billing healthcare services model that stays insulated as Gulf crude swings rattle the energy complex.
Welspun Living Ltd.
Softer crude keeps freight and yarn costs contained, sharpening margins for this dollar-earning textile exporter.
LT Foods Ltd.
Branded rice and foods exports keep dollar revenue flowing even as Gulf supply risk clouds the wider import bill.
Engineers India Ltd.
PSU energy-infrastructure consultancy positioned to gain as capex continues despite the Hormuz reroute drama.
NTPC Ltd.
Cooling Brent eases input costs for India's largest power generator, reinforcing the defensive utility trade.
One Thing to Watch
Saudi oil rerouted through Hormuz Satellite data show Saudi crude moving through the Strait of Hormuz near 2.9 million barrels a day this week, up from just 700,000 in August, as Riyadh works around East-West pipeline damage from Saturday's Houthi strike. A durable reroute keeps Brent capped below $105 and supports today's tilt; a fresh strike on Red Sea shipping or a stalled pipeline fix flips that relief and pressures the rupee and refiners' margins directly.

A 1-year agreement for a property with annual rent of up to Rs 2 lakh will now require Rs 1,000 in stamp duty and Rs 1,000 as registration fee. Read full report here

Harish Vatnani, Head of Trade, ZebPay

"BTC is maintaining a bullish structure on the daily chart. After forming a major base around $58,000-$67,000, BTC broke above the $67,000 resistance with a strong expansion in both price and volume.
Following the breakout, BTC rallied sharply toward the $82,000-$83,000 resistance zone. Price then entered a consolidation phase between approximately $76,000 and $82,000, with buyers repeatedly defending the lower support area.
The current structure represents a bullish consolidation near the upper end of the recent range. BTC is now testing the upper resistance around $82,000-$82,500, making a decisive breakout above this zone important for further bullish continuation.

Mehli Mistry has objected to any possible use of the trust's funds to meet legal expenses linked to the Tata Trusts-Tata Sons dispute. Read full report here 

Nischal Shetty, Founder, WazirX

"Bitcoin surged past the $80,000 threshold following the September 2026 FOMC meeting because the 25-basis-point rate hike to a 3.75%-4.00% target range had already been fully priced into the market. Rather than triggering a sell-off, the conclusion of the highly anticipated Federal Reserve meeting removed macro uncertainty, sparking a relief rally driven by institutional demand.

Bitcoin is trading around $81,200 while Ethereum is near $2,660, with both assets having recovered strongly over the past week. Analysts are watching $80,000 as a key near-term support for BTC, with $78,000 and $75,000 below it, while resistance is being mapped around $82,000 and the $84,000-$86,000 zone. For ETH, $2,515 and $2,400 are key support areas, while $2,650-$2,800 remains the resistance band traders are monitoring.

The current macro backdrop looks moderately supportive for crypto, primarily because traditional risk sentiment is constructive and some inflationary pressure appears to be easing. S&P 500 ( 0.17%) and Nasdaq ( 0.39%) are higher, while the Dow is only marginally lower. For crypto, strength in equities is generally supportive because it suggests investors are still willing to hold higher-risk assets. Oil at $98.20 (-2.09%) is the biggest positive. A meaningful decline in oil reduces some of the inflation pressure that has been concerning markets. 

The crypto market is leaning modestly risk-on. Total market capitalization stands at $2.78 trillion, up 0.32%, while the CMC20 index of the top 20 assets is at $171.08, up 0.59%. The Fear & Greed Index reads 72, in the greed zone and only a few points shy of the extreme greed threshold. 

Institutional demand is the most supportive datapoint. Bitcoin and Ethereum ETFs recorded net inflows of $625.26 million, pointing to real spot buying rather than leveraged speculation. MicroStrategy's Bitcoin buying pause is once again drawing attention after Michael Saylor's latest 'a little more orange' post hinted at a possible fresh accumulation. The company has held roughly 845,050 BTC since its last disclosed purchase in August, but any new buying could reinforce the broader institutional conviction around Bitcoin."

Vikram Subburaj, CEO, Giottus.com

Bitcoin is trading around $81,127 after recovering above the $80,000 level. The rebound follows last week's sharp correction after the Federal Reserve raised rates by 25 basis points. ETF flows have also improved. US spot Bitcoin ETFs recorded combined inflows of $484.1 million on September 17-18, after heavy outflows earlier in the week. This suggests some institutional demand has returned. However, the broader macro backdrop remains uncertain. Markets are pricing around a 55% probability of another Fed hike in October. Oil is also still above $100 a barrel, keeping inflation concerns elevated. Large-holder accumulation remains subdued, so the recovery will need stronger spot demand to become more sustainable.

For investors, $79,500-$80,000 is an important support zone, while $82,800 remains a key resistance level. Investors should avoid chasing the recent rally. Staggered entries and limited leverage can help manage volatility as markets react to the Fed's rate outlook and global macro developments.

Riya Sehgal, Research Analyst, Delta Exchange 

Crypto markets have shown notable resilience despite a difficult macro and policy backdrop, with Bitcoin holding above $81,000 and Ether near $2,660 after a sharp recovery from last week's lows.
The rebound has been supported by easing oil prices and improving ETF demand into the end of the week. U.S. spot Bitcoin ETFs ultimately finished the week with a marginal $6.2 million net inflow after heavy midweek redemptions were offset by strong Thursday and Friday buying. Ether ETFs were weaker, ending the week with roughly $140 million in net outflows.
Technically, Bitcoin has reclaimed all major 4-hour moving averages, but the $81,800-$82,500 region remains the key resistance zone. A sustained break above this area could open the way toward $83,000-$84,000, while $80,000 remains the first important support.
Ether is showing a similar structure, trading above its major 4-hour averages but approaching resistance around $2,700-$2,740. Overall, the recovery remains constructive, but with Treasury yields still elevated, policy uncertainty lingering after the CLARITY Act setback, and leverage still high, the next move is likely to depend on whether BTC can convert the $82,000 area from resistance into support.

Akshat SIddhant, Lead quant analyst, Mudrex

Gold is holding above $4,350/oz, near its strongest level in a week, as oil prices fall for a fourth straight session and ease inflation pressure. Silver outperformed again, up for a third session to around $67/oz. Oil is stablising near $100/barrel, well below the four-month high of nearly $106, supported by improving Strait of Hormuz shipping and fresh diplomatic openings between the US and Iran. However, Saudi Arabia's pipeline damage estimate was revised higher this week, showing supply risks remain unresolved. The rupee eased to around Rs 95.86/$, offering modest relief from its recent Rs 96.10 high.

At the close on Friday, the total market cap of all BSE Sensex companies stood at Rs 4,80,05,401.