The markets traded with a consolidating bias through the week and ended on a negative note. Nifty remained confined within the broader trading range, with intermittent attempts to move higher failing to generate meaningful follow-through. During the week, the index traded in a 334.45-point range, between 24,025.65 and 24,360.10, before settling at 24,252.00. Volatility remained subdued, with India VIX declining 0.97% to 11.20. Nifty eventually ended the week with a loss of 114 points (-0.47%).

The broader technical structure remains range-bound, with Nifty continuing to negotiate an important cluster of resistance immediately overhead. The index has taken support on the rising trendline drawn from the April 2026 lows, keeping the underlying recovery structure intact for now. However, the 24,450–24,750 zone remains a formidable resistance area, as it houses a confluence of the 200-day, 50-week and 100-week moving averages. This makes a sustained move above 24,750 important for the index to regain directional momentum and open room for a stronger extension on the upside. Until that happens, Nifty is likely to remain contained within its broader range. On the downside, the 23,900–24,100 support cluster remains intact; any decisive violation of this zone would weaken the present structure and increase the possibility of renewed corrective pressure.
The coming week is likely to see a quiet to modestly positive start, provided Nifty continues to defend the 24,100 area. However, the index will need to move past the overhead resistance cluster before any meaningful directional strength can emerge. The immediate resistance levels are expected at 24,450 and 24,700, while supports are likely to come in at 24,100 and 23,900.

The weekly RSI stands at 50.11, remaining almost exactly around its neutral 50 mark with no bullish or bearish divergence visible on the weekly chart. The weekly MACD continues to improve: the MACD line is above its signal line, while the histogram remains positive, indicating that underlying momentum has strengthened despite the absence of a price breakout.

Pattern analysis shows Nifty continuing to trade within a large consolidation structure, while the rising trendline from the April low provides an important dynamic support. The more immediate technical challenge comes from the dense moving-average resistance around 24,450–24,750. This concentration of technical levels on either side suggests that a convincing move outside these boundaries will be required before a sustainable trend develops.

Given this setup, aggressive directional exposure may not be warranted while Nifty remains trapped beneath the 24,450–24,750 resistance zone. Participants should remain selective with fresh purchases, protect gains in positions that have moved sharply, and maintain a stock-specific approach rather than chasing broad-market moves. A sustained breakout above 24,750 can justify progressively increasing long exposure, while a breach of 23,900 would call for greater defensiveness. Until either boundary gives way, the coming week is best approached with controlled position sizes, disciplined risk management, and selective participation on both sides of the range.
The following Relative Rotation Graphs compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks.

The Relative Rotation Graph (RRG) shows that the Nifty, Realty, and Media Sector Indices are inside the leading quadrant. While the Media Index is showing a slowdown in relative momentum, these groups may collectively outperform the broader Nifty 500 Index.

The Pharma Index has rolled inside the weakening quadrant. The Midcap and the Energy Indices are also inside the weakening quadrant. Baring some individual performance, the collective performance from these groups may taper down.

The Metal Index has rolled inside the lagging quadrant. The PSE, Infrastructure, and FMCG Indices are also inside this quadrant. However, these groups are showing some improvement in their relative momentum against the benchmark.

The PSU Bank Index has rolled inside the improving quadrant, indicating a likely start of a phase of its relative outperformance. Besides this, the IT, Financial Services, BankNifty, and Services Sector Index are also inside the improving quadrant.

Important Note: RRG™chartsshow the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against the NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals

New Delhi, Sebi has proposed tighter advertising norms for online bond platform providers, including restrictions on promotional claims that could encourage investors to make decisions without adequate due diligence.

The proposed revised advertisement code seeks to address the growing use of digital advertising, social media and influencer-led promotions by online bond platforms, according to a consultation paper issued by the regulator on Friday.

The regulator has proposed restrictions on advertisements that use urgency, behavioural prompts, and fear-of-missing-out messaging, which may encourage investors to act without adequate due diligence.

For advertisements featuring specific securities, OBPPs would be required to provide standardised information, including the issuer, tenor, credit rating, nature of the security, clean and dirty prices, yield to maturity and the Credit Risk-o-meter.

The regulator has also proposed guidelines governing the use of terms such as “fixed returns”, “predictable returns” and “passive income” to ensure such descriptions do not create an impression of assured returns.

Advertisements using the term “fixed returns” would have to carry a prominent disclaimer stating that fixed returns are not guaranteed and that debt securities are subject to market, credit and default risks.
The market watchdog has also proposed restrictions on vague promotional claims such as “high yield”, “high rated” and “high returns” that are not adequately substantiated.The proposed code would operate alongside a common advertisement code applicable to specified SEBI-regulated entities.

The Securities and Exchange Board of India (Sebi) has invited comments from stakeholders on the consultation paper by September 11.

The bitcoin trade is back on. Crypto hoarder Strategy Inc.’s shares were up 6% Friday. Shares in Robinhood and Coinbase, which benefit from crypto trading, were up more than 8%.

U.S. stocks linked to cryptocurrencies soared this week after President Trump reaffirmed support for crypto-friendly legislation in a White House meeting with industry executives. The climb was bolstered by the U.S. Treasury’s surprise move to increase its buybacks of longer-dated bonds, lowering borrowing costs and dinging the dollar.

Tesla announced Friday that it is recalling nearly 3 million vehicles in China over concerns that doors may be difficult to open in an emergency, marking the largest automotive recall in the country’s history.

Tesla’s action comes alongside recalls announced by eight other automakers, affecting a combined total of about 4.3 million vehicles in China.

Tesla’s recall is the largest, affecting approximately 2.98 million vehicles.

The U.S. automaker said the recall covers imported and China-made Model 3, Model Y, Model S and Model X vehicles, according to notices filed with China’s State Administration for Market Regulation.

TESLA FILES PLANS FOR PROPOSED $10.1B TEXAS SOLAR MANUFACTURING PLANT

According to one of the recall notices, Tesla’s electronically operated, retractable door handles could become difficult to operate after a severe collision if the vehicle’s low-voltage system fails.

The company said the resulting problem “could hinder occupants from quickly opening the doors to escape and impede rescue efforts by those outside the vehicle, posing a safety hazard.”

To address the issue, Tesla said it would “affix warning labels” to affected vehicles and remotely upgrade its window-control software so the windows automatically lower following an accident.

Tesla also issued a recall addressing problems with driver-monitoring systems in certain vehicles, which are designed to help ensure drivers remain alert and ready to take control of steering or braking when necessary.

FORD BOOSTS US LINCOLN PRODUCTION AS IT PHASES OUT IMPORTS FROM CHINA

The automaker said it would provide a software upgrade and “in-cabin camera monitoring” to help drivers remain vigilant.

Ticker	Security	Last	Change	Change %
TSLA	TESLA INC.	362.86	+17.73	+5.14%

Tesla said it will contact owners of vehicles that cannot receive the fixes through remote software updates to schedule service appointments.

Other automakers announcing recalls included Xiaomi, Leapmotor, Xpeng and Geely Holding.

MORE THAN 20,000 OFF-ROAD MOTORCYCLES RECALLED OVER DANGEROUS BRAKE DEFECT THAT COULD LEAD TO DEATH

The National Highway Traffic Safety Administration said Friday that the automakers have not disclosed plans to issue similar recalls in the U.S.

The announcement comes after Tesla issued two recalls in May.

The automaker recalled roughly 175 Cybertrucks over concerns that wheel studs could separate, potentially causing wheels to detach.

CLICK HERE TO GET FOX BUSINESS ON THE GO

Tesla also recalled more than 218,000 Model 3, Model Y, Model S and Model X vehicles because of delayed rearview camera images that could increase the risk of a crash.

FOX Business has reached out to Tesla for comment.

Reuters contributed to this report.

As Americans continue to feel the squeeze from high housing, food and energy costs, affordability has emerged as a defining issue ahead of November’s midterm elections, with both parties under pressure to show voters they can bring down the cost of living.

Now, a new report from the conservative group founded by former Vice President Mike Pence is offering its own prescription, laying out 10 proposals aimed at lowering costs by cutting red tape and boosting production across the economy.

“Yes, there’s an unaffordability crisis, and it’s the government’s fault,” Richard Stern, vice president of the Plymouth Institute for Free Enterprise at Advancing American Freedom (AAF), told Fox News Digital.

That argument is at the heart of the report, “10 Ways to Improve Affordability Now Across 10 Levels of the Economy,” which calls affordability the “No. 1 issue facing the American people” and targets costs associated with housing, energy and business, among others.

The report’s proposals range from easing zoning restrictions and expanding oil and gas access to overhauling Social Security and SNAP eligibility, echoing parts of President Donald Trump’s second-term agenda.

But the conservative blueprint breaks with Trump on two key pocketbook issues: tariffs and credit card interest rates.

THINK YOUR STATE IS EXPENSIVE? NEW DATA REVEALS WHERE AMERICANS FACE THE HIGHEST COST OF LIVING

On trade, the report argues Trump’s sweeping tariffs have come at a cost to American consumers and the broader economy, raising prices, straining U.S. alliances and resulting in nearly 900,000 fewer jobs than expected.

The authors at AAF call for shifting more tariff authority back to Congress.

But while the report paints a bleak picture of the tariffs’ broader economic impact, they have generated a windfall for Washington. In January alone, duties totaled $30.4 billion, up about 242% from $8.9 billion a year earlier, according to Treasury data.

On housing, the report blamed zoning restrictions for pushing families farther from jobs and making homeownership harder for younger Americans.

Those costs can be substantial. The National Association of Home Builders estimates government regulations account for about 26% of the price of a new single-family home.

THE SURPRISING HIDDEN COST QUIETLY ADDING NEARLY $132K TO NEW HOME PRICES REVEALED

The report recommends limiting local zoning restrictions, streamlining approval for projects that meet existing rules and tying roughly $50 billion in annual federal housing aid to zoning reform.

On energy, the proposal calls for more oil and gas leasing and rejecting state fracking bans. Stern argued greater domestic production could lower costs throughout the economy because energy touches “every good we move, every service provided.”

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

Stern warned that economic frustration can turn Americans against one another, toward “viewing each other as the enemy, and that’s what socialism is.”

“I hope that people can take away from this, that it’s not businesses that are the problem,” he said. “It’s not entrepreneurs. It’s not other Americans. It’s government.”