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Below the Perspective on the Markets by Mr. Jyoti Prakash, Managing Partner. Equity and PMS at AlphaaMoney 

*Market Sentiment in India Weakest Globally; Fear Dominates* 

 India's market sentiment is currently the weakest globally. Leading Fear and Greed index suggests that Indian market is nearing "extreme fear" territory.

 According to Bloomberg data, the large-cap index has declined for six consecutive weeks, falling 0.9% this week. Meanwhile, the NSE Midcap 150 and Smallcap 250 indices have dropped for three straight weeks, losing 1.2% and 1.9%, respectively, this week. 

 *Macroeconomic Concerns Weigh on Markets* 

The market is facing headwinds from trade tariff uncertainties, diminishing hopes for additional monetary stimulus, and limited room for fiscal support. 

 *Earnings Provide Some Relief* 

On a positive note, June-quarter results have surpassed expectations, particularly for large-cap stocks. 

 *Hawkish RBI Stance Dampens Sentiment* 

The recent Monetary Policy Committee (MPC) meeting struck a hawkish tone, triggering a midweek sell-off in Indian government bonds. Additionally, the Reserve Bank of India’s inflation forecast has reduced the likelihood of a near-term rate cut. 

 *Commodities: Gold Soars, Crude Weakens* 

Gold has surged to record highs, supported by rupee depreciation and US tariff concerns. In contrast, crude oil prices remain under pressure due to rising inventories.

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