Makemyinvest Tradesting Newsletter
Weekly Learning & Market Insights – Issue #019
​13 Sep 2026

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Direction • Decision • Discipline

Sector Spotlight

The Week That Moved Markets

Sun Pharmaceutical Industries

• Moody’s and S&P assigned investment-grade ratings to Sun Pharma in connection with its proposed $11.75 billion acquisition of Organon, keeping the large pharmaceutical transaction in focus.

Coforge

• Chairman O P Bhatt resigned as Non-Executive Independent Director and Chairman following issues identified in an internal audit concerning the recent board-evaluation process.

Dilip Buildcon

• Emerged as the successful bidder for a project worth about ₹1,800 crore from the Petroleum and Natural Gas Regulatory Board, adding to its infrastructure order pipeline.

Premier Energies

• Signed a binding term sheet with RCT India to establish a 12 GWh battery energy-storage manufacturing facility in Telangana, with the first phase planned at 6 GWh.

PVR INOX

• Opened a ₹300 crore share buyback, adding a significant capital-allocation development for the multiplex operator amid continued focus on the entertainment sector.

Shiprocket

• Reported Q1 revenue growth of about 34% year-on-year to ₹592 crore, while its quarterly loss narrowed, indicating improvement in operating performance.

REC

• Launched a pilot for India’s first tokenised corporate bond issuance, marking an important development for digitalisation of the domestic debt market.

Biocon

• A large block transaction involving approximately 1% of the company’s equity was reported as a private-equity investor moved to reduce its holding.

IRB Infrastructure Developers

• Reported strong toll-revenue growth, keeping road infrastructure and toll-road operators in focus amid continued government spending on transport infrastructure.

Neogen Chemicals

• Launched a qualified institutional placement with a floor price of ₹2,189.73 per share, providing the company with a potential route to raise growth capital.

Adani Power

• Remained in focus after developments relating to its proposed acquisition and revival of a stranded hydro-power asset in Uttarakhand.

HDFC Bank

• Remained in focus following a large institutional transaction involving shares worth about ₹638 crore, with several domestic and global institutions participating.

🌍 Major Global Developments This Week

US–Iran Conflict

• Renewed military escalation between the US and Iran intensified concerns over energy supplies, shipping security and the broader inflationary impact of the conflict.

Strait of Hormuz

• Shipping traffic through the Strait of Hormuz remained severely disrupted, while attacks involving tankers and regional infrastructure heightened concerns over global oil and LNG supplies.

BRICS Summit

• BRICS leaders meeting in New Delhi adopted a joint declaration calling for restraint in the Middle East and opposing unilateral tariffs and sanctions, while promoting greater cooperation among emerging economies.

India–China Relations

• Prime Minister Narendra Modi and Chinese President Xi Jinping held bilateral discussions on improving relations, trade imbalances, market access and maintaining peace along the border.

US–China Trade

• Trade restrictions and tariff-related uncertainty remained important global market themes, particularly for manufacturing, technology, semiconductors and global supply chains.

Russia–Ukraine

• Continued attacks on energy and logistics infrastructure kept European energy security and global commodity markets exposed to geopolitical risks.

🏛️ Economic & Policy Developments

European Central Bank

• The ECB raised its three key interest rates by 25 basis points, taking the deposit rate to 2.50%, as higher energy costs pushed inflation well above its 2% target.

US Inflation

• US CPI increased 0.4% month-on-month in August, while annual inflation remained at 3.4%. Core CPI rose 0.3% during the month, keeping inflation and monetary policy firmly in focus.

US Federal Reserve

• Higher-than-expected monthly inflation pressure increased expectations of a rate hike at the upcoming Federal Reserve meeting, pushing US Treasury yields higher.

India Monetary Policy

• The RBI announced open-market sales of government bonds worth ₹1 lakh crore across three tranches, signalling a significant move to absorb surplus banking-system liquidity.

India Foreign Institutional Flows

• Foreign investors remained net sellers during the week, while domestic institutions continued providing support through substantial purchases, creating an important counterbalance in the Indian market.

NSE IPO

• The National Stock Exchange announced a price band of ₹1,700–₹1,785 per share for its IPO, with the issue expected to raise about ₹22,662 crore and open for subscription on September 17.

🛢️ Commodities & Currency Developments

Crude Oil

• Brent crude briefly moved above $109 per barrel as Middle East supply concerns intensified. It later eased on reports of possible diplomatic discussions but still gained more than 8% for the week.

Natural Gas

• US natural-gas futures declined about 4.8% during the week as storage injections exceeded expectations and seasonal demand softened, while European gas markets remained sensitive to LNG supply disruptions.

Gold

• Gold recovered toward the end of the week on dip-buying but remained lower for the week as higher US inflation and rising rate expectations reduced demand for non-yielding assets.

Silver

• Silver rebounded on Friday but still ended the week lower, with higher bond yields and expectations of tighter US monetary policy weighing on precious metals.

US Dollar Index

• The dollar remained relatively firm as higher US inflation and Treasury yields strengthened expectations for tighter monetary policy, although the broader dollar index still recorded a modest weekly decline.

Indian Rupee

• The rupee weakened to around ₹95.55 per dollar during the week as surging crude prices increased import costs and foreign selling added pressure on the currency.

📖 Why It Matters

• Rising crude prices and disruptions around the Strait of Hormuz are increasing inflation risks and putting pressure on energy-importing economies such as India.
• The ECB’s rate hike and sticky US inflation are reinforcing the global higher-for-longer interest-rate theme, keeping bond yields and currency movements important for equities.
• India’s strong domestic institutional buying is providing some cushion against continued foreign investor selling and global risk aversion.
• BRICS discussions on local-currency settlements, trade cooperation and supply-chain resilience highlight the gradual evolution of global economic and financial relationships.
• Corporate activity remains strong across pharmaceuticals, infrastructure, energy storage, technology and capital markets, creating significant stock-specific developments despite a challenging broader market environment.

Concept of the Week: Divergence

Definition

Divergence occurs when price and a technical indicator move in different directions.

It can sometimes signal that the current momentum is weakening—even though price has not yet reversed.

How It Works

The two common types are:

• Bullish Divergence: Price makes a Lower Low, while an indicator such as RSI makes a Higher Low.
• Bearish Divergence: Price makes a Higher High, while RSI makes a Lower High.

The important point: divergence is a warning, not a guaranteed reversal signal.

Example — NIFTY

Suppose NIFTY falls:

24,800 → 24,500 → 24,300

Price has made a Lower Low.

But RSI shows:

32 → 35 → 39

RSI has made a Higher Low.

This is Bullish Divergence.

It suggests that although NIFTY made a new low, the downward momentum may be weakening.

A trader would then look for additional confirmation—such as a breakout of a swing high or a bullish price-action pattern.

Why It Matters

Divergence can help traders:

• Identify weakening momentum
• Spot potential trend exhaustion
• Avoid blindly chasing an extended move
• Look for confirmation before entering a reversal trade

Common Mistake

The biggest mistake is treating divergence as an automatic buy or sell signal.

A stock can remain in a strong trend and show divergence multiple times before actually reversing.

Key Takeaway

Pro Tip

Use divergence as an early warning system, then combine it with market structure, support/resistance, and price action for confirmation.​
​

Community Win

Wisdom of the Week

Learning Takeaway

Clarity beats complexity in investing.
If you cannot explain why you own something, you may be relying on noise rather than conviction.
​Action lesson: Before making a decision, write down your thesis in one sentence—and know what would prove it wrong.

My Content of This Week

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​YouTube Video Link​

​LinkedIn Post Link​

Book I Am Reading and Recommend

Keep Learning. Keep Tradesting!!! 🚀

Cheers,
​Tapas Chandra
​SEBI Registered Research Analyst | INH000026381
PGP (Research Analysis) | CMT Level-2 Cleared |
Author – Invest or Regret | Ex-JPMorgan Chase

Questions, insights, or lessons from the markets this week?
​Just hit reply—we read every message and appreciate hearing from our readers.
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