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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 lost around 1.5% each in the past week. Global equities extended the relief rally on expectations of a steady ramp-down of US tariffs. Meanwhile, Indian markets were large underperformers over the last week, as markets priced in an increase in geopolitical risks. Sector-wise, most indices ended in red (except for consumer durable and Auto) with Capital goods (-0.2%), IT (-0.3%), Metal (-1.1%), Realty (-6.7%), Bank Nifty (-2.8%), FMCG (-1.2%), Oil and gas (-2.4%) and Power (-3.7%) sectors as major sectoral losers. Other sectors lost between 0 to 1% each. While sectors including Auto (+1.5%) and Consumer Durable (+0.2%)  reported gains for the week. Within the Nifty, Tata Motors (+8.4%), Titan (+4.5%) and Adani Ports (+2.8%) gained the most, while Jio Financial (-5.2%), Sun Pharma (-4.9%) and Asian Paints (-4.8%) lost the most. Indian equity markets also turned attention to the Q4FY25 earnings season and geopolitical risk, with investors having muted expectations for the season. On the economy front, India and the UK signed a free trade agreement, which ensures comprehensive market access for goods, covering all of India’s export interests. Both DIIs and FIIs were net buyers during the week.

In Global, in US, U.S. Treasury yields were little changed during the week, as investors remained optimistic about the U.S. striking more trade deals on tariffs with international trade partners. The Federal Reserve held interest rates steady in a range of 4.25% to 4.5%, in a widely expected move. U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are set to meet with top Chinese officials in Switzerland for talks on economic and trade issues. In Asia, China’s exports in April jumped 8.1% in U.S. dollar terms from a year earlier, sharply beating Reuters’ poll estimates of a 1.9% rise.