Quote on Weekly Market Round-Off 16th jan 2026 by Shrikant Chouhan by Head of Equity Research, Kotak Securities
Below the Quote on Weekly Market Round-Off 16th jan 2026 by Shrikant Chouhan by Head of Equity Research, Kotak Securities
While global equities were broadly strong, Indian markets underperformed. On a weekly basis, Nifty 50 and Sensex 30 index posted flat returns, whereas BSE midcap and smallcap indices witnessed correction. BSE Metals and IT indices were the major sectoral gainer this week, while BSE Realty and Capital Goods were the major underperformers. Global equities reflected a combination of elevated Middle East geopolitical risks, mixed U.S. financial sector earnings outcomes, and inflation data broadly in line with expectations. Oil prices, in particular, were volatile, as earlier in the week they spiked on geopolitical disruption risk, then fell sharply as tensions eased and inventories rose. Concerns amid news flow over potential new U.S. tariffs and uncertainty around future India-U.S. trade relations weighed on investor sentiment. Foreign investors remained net sellers, withdrawing capital from Indian equities. On the economy front, December CPI inflation continued on the uptrend even as it remains well below the RBI’s lower tolerance limit and goods trade deficit remained broadly steady with goods exports increasing 1.9% yoy and imports increasing 8.8% yoy. Geopolitical developments are expected to continue influencing broader market trends, while Q3FY26 results and management commentary will drive stock-specific movements
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