Quote on Weekly Market Round-off 08th Aug 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Weekly Market Round-off 08th Aug 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Indian equity market remained weak this week amid news flow with respect to tariff announcement. The Indian market was impacted as the US government imposed an additional 25% penalty on top of 25% tariffs on Indian exports. BSE Sensex and BSE Nifty ended the week with negative returns. The BSE midcap and the BSE smallcap indices underperformed the larger peers and closed the week ~1-1.5% lower. On the sectoral front, autos and metals were key gainers, while healthcare, FMCG and realty were the major losers.
While the Q1FY26 earnings has broadly been in line with estimates, the outlook remained muted, resulting in continued cuts in earnings estimates. The RBI kept the repo rate unchanged at 5.5% after cumulative rate cuts of 100 bps in the last three policy meetings. We now expect a prolonged pause, with additional rate cuts likely only if the growth outlook deteriorates or inflation surprises on the downside. FII’s continued their selling in the Indian equity markets and remained net sellers this week.
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