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Below the Quote on Weekly Market Round-off by Shrikant Chouhan, Head Equity Research, Kotak Securities

In this week, equity markets globally and in India, absorbed the tariff related announcement by the US President. Further, the markets also priced in the impact of the Union Budget. Most of the key indices ended the week with flattish to marginal gains. On the sectoral front, the trend remained mixed. BSE FMCG index declined amid profit booking post the Union Budget. BSE Capital Goods and BSE Realty were the other indices that closed the week on a weaker note. Sectoral indices movements tracked the macro headlines and the impact of Q3FY25 results.  

The Q3FY25 earnings season has been broadly in line with our expectations. As expected, the RBI reduced the repo rate by 25 and the focus has shifted to addressing growth concerns, with inflation expected to move toward the 4% mark over the next few months. Factors like uncertainties on US President’s trade policies and retaliatory tariffs, a relatively hawkish stance from the Fed and continued capital outflows pose some challenges to the global and domestic equity markets.

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