MSCI’s standard index is set for its regular rebalancing, with Eternal’s weight expected to increase. The change is projected to draw about $674 million of passive inflows tied to roughly 205 million shares. Four other stocks—Laurus Labs, Adani Energy, Lenskart Solutons and Groww parent Billionbrains Garage Ventures—are also being added to the index.

HDFC Bank shares rose nearly 3% in early trade on Monday after the lender said CEO Sashidhar Jagdishan will not seek reappointment when his current term ends in late October. The stock climbed to ₹739.75 from the previous close of ₹720.30 before trimming gains. Investors are focusing on the bank’s succession plans following the announcement.

Federal Reserve Chair Kevin Warsh said policymakers still “have work to do” if they do not gain enough confidence that inflation is moving toward the 2% target, lifting expectations for a September rate increase. Gold has fallen for four straight sessions, down Rs 9,500 per 10 grams, while silver is down Rs 7,700 per kg over three sessions. Spot gold hit its lowest level since August 19 during the session.

Federal Reserve Chair Kevin Warsh struck a hawkish tone at Jackson Hole, suggesting further rate hikes could be needed if inflation does not clearly move back toward the 2% target. Spot gold fell 0.7% to $44,423.84 per ounce, near a two-week low, while U.S. gold futures dropped 1.3% to $4,472.90. Markets now price a 57% chance of a September rate hike, up from 36% before Warsh’s remarks, according to the CME FedWatch tool.

Gold fell more than 1% on August 31 after a hawkish inflation message from Fed Chair Kevin Warsh’s Jackson Hole remarks prompted profit-taking. COMEX gold futures slid 1.23% to $4,474.30 an ounce, while silver fell 1.71%. Gold dropped nearly 3% on Friday, its sharpest one-day decline in weeks. A stronger dollar and higher U.S. Treasury yields weighed on bullion, though geopolitical tensions and inflation concerns continued to provide some underlying support.

HDFC Bank shares rose nearly 3% in early trade on August 31 as investors focused on an upcoming leadership transition. Reports said the board is considering former State Bank of India chairman Dinesh Khara to take over as MD and CEO. Jefferies kept its buy rating but cut its target price and lowered earnings forecasts, while IIFL said the incumbent CEO’s decision to step down is neutral to modestly positive as it removes uncertainty tied to regulatory approval.

The Indian rupee is set to come under pressure this week as investors reassess the chance of a U.S. Federal Reserve rate hike and Brent crude climbs back toward $90 a barrel. At home, a Reuters poll forecasts April–June GDP growth of 7.1%, slower than the prior quarter, though some economists expect a stronger reading that could tilt the RBI toward tightening if inflation rises. Government bonds also look vulnerable, with traders warning that firmer growth could trigger further selling.

Indian equities are expected to open lower on 31 August as weak global cues and renewed US-Iran tensions weigh on risk appetite. In the previous session, the Sensex rose 330 points to 77,264 and the Nifty 50 gained 84 points to 24,175. Brent climbed to $89.18 and WTI to $84.32 after US strikes near the Strait of Hormuz lifted supply-disruption concerns, according to the report. Technicians said a sustained break lower could pull the Nifty 50 toward the 23,800–23,650 band.