Accenture results to help Indian IT companies, Strong odds of Rate Hike from MPC

Wall Street opened Q4 on a cautious note as Treasury yields and crude prices remained elevated, capping risk appetite. The Nasdaq managed modest gains for the week, supported by AI momentum, while broader indices stayed pressured by multi‑week tightening in financial conditions. In India, equities logged their eighth straight weekly decline the longest in 25 years as global funds continued reallocating to high‑yielding U.S. assets.

The rupee weakened toward 96/USD, and markets priced strong odds of an RBI 25‑bp rate hike. Nifty held above the 22,182 swing low, with 21,750 as next key support and 22,810 as immediate resistance.