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

The Nifty-50 Index and Sensex each gained around 6% in the past week as markets resumed the risk-off sentiment. While the mid-cap index gained around 6% and small-cap index gained around 8% in the past week. Global equity markets witnessed sharp volatility amid uncertainty surrounding global tariff actions. The escalating US-China trade war has further positioned Ind as an attractive alternative for global manufacturing, with India maintaining a conciliatory approach and working toward a provisional trade agreement with US. Sector-wise, all indices ended in green with Capital goods (6.8%), IT (2.5%), Metal (8.1%), Realty (8.9%), Bank Nifty (8.2%), FMCG (3%), Power (6%), Telecom (8%) and Auto (6.1%) sectors as major sectoral gainer. Indian VIX was down 99%. Within the Nifty, IndusInd Bank (+17.6%), Axis Bank (+12.3%) and Adani Port (+11.8%) gained the most, while there were no losers. Indian equity markets also turned attention to the Q4FY25 earnings season, with investors having muted expectations for the season. In economy news, the goods trade deficit widened to US$287 bn in FY2025 from US$245 bn in FY2024 and CPI inflation remained comfortable at 3.3% in March with continued moderation in food prices.

In Global, in US, the 10-year Treasury yield U.S. Treasury yields rose this week as investors weighed the state of the U.S. economy after Federal Reserve Chairman Jerome Powell raised concerns about the inflationary and economic growth risks of the White House’s tariffs. In Europe, the European Central Bank is widely expected to trim interest rates for the third time this year as global tariff tensions and uncertainty threaten the euro zone’s economic growth. In Asia, China has rolled out a series of non-tariff restrictive measures. Japan exports growth declined to a 3.9%, down from February’s 11.4% jump. Oil prices rose this week and traded near their highest in two weeks on supply concerns after the United States imposed new sanctions to curb Iranian oil exports.