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

This week, the overall market breadth of the Indian equity markets was negative as it factored in the US announcement with respect to H1B visas and the pharma sector. The BSE Sensex and the NSE Nifty index fell in excess of 2% and the decline in the BSE Midcap and the BSE Smallcap was higher at ~4%. All the key sectoral indices ended the weak in the red. US announced stricter norms on H1B visas. Accenture’s FY26 revenue guidance assumes no improvement in discretionary spending at the top end and some deterioration at the bottom end. BSE IT index corrected by 7% this week. The BSE healthcare index corrected ~5% this week amid the US announcing 100% tariffs on branded or patented pharma products imported into the US. Auto stocks remained in focus as news report indicate healthy booking and deliveries in the initial days of the current festive season. Global equity markets were mixed in the past week, with developed markets outperforming the emerging markets. The key global news-flows impacting global markets included continued uncertainty around US trade policies and the ECB maintaining a cautious outlook on growth

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