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Below the Fundamental Weekly Global Round-Off by Shrikant Chouhan, Head of Equity Research, Kotak Securities

Broader domestic indices ended the week with gains. BSE Sensex, Nifty-50, BSE Midcap and BSE Smallcap indices posted weekly gains of upto 1%. On the sectoral front, BSE IT and BSE Realty index saw healthy weekly gains. BSE Metal index declined on a weekly basis as the Supreme Court allowed states to levy tax and royalty on minerals, apart from central duties, and collect past dues. Q1FY25 results season has concluded with the Nifty-50 Index reporting 5.2% yoy increase in the net profit. India’s CPI inflation in July 2024 fell to 3.5%, from 5.1% in June 2024. In the US, the annual headline inflation in July 2024 stood at 2.9%. Market expects Fed funds rate to decline gradually in H2CY24. The market focus will now shift towards macro data, monetary policy action and geo-political events

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