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Indian equity markets gained on a weekly basis with both Nifty 50 and Sensex 30 indices gaining close to 1%. Overall market breadth remained positive with weekly gains seen in the mid-cap, small-cap and most sectoral indices. Post large underperformance over the past few weeks, the IT index rebounded and performed strongly this week as IT companies continue to report their Q4FY25 earnings. Auto stocks also gained this week, post concerns amid tariff war.

Global equities continued to witness a relief rally on expectations of a ramp-down of US tariffs. FII buying was positive this week, supporting Indian equities. Stocks in the near to medium term will continue to react to Q4FY25 results, management commentary, geo-political events and development with respect to tariff war. Lower oil prices, expected normal monsoon and rate cuts are positives for the Indian equity markets.

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