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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 1% in the past week. Even the mid-cap index and small-cap index lost around 1% in the past week. Decent 3QFY25 earnings of large cap stocks were unable to improve the market sentiment amid rising crude oil prices (+5%) and continued depreciation of INR (-0.6%) in the past week. Sector-wise, most of the sectoral index ended in red except for Capital goods (+1.3%), Metals (+3.75%), Oil and Gas (+0.5%) and Power (+4.42%). Major sectoral losers for the week include, IT (-5.4%), FMCG (-2.1%), Consumer Durable (-2.7%), Realty (-2.5%) and Pharma (-1.3%). Within the Nifty, Hindalco (+7.3%), NTPC (+6.3%) and HDFC Life (+5.4%) gained the most, while HCL Tech (-10.3%), Infosys (-7.5%) and Wipro (-5.9%) lost the most. FPI were net sellers in the past five days, while DIIs were net buyers in the same period. On the economy front, (1) December CPI inflation decelerated to 5.2% (November: 5.5%), (2) December exports declined 1% yoy, (3) imports increased 5% yoy and (4) December services trade surplus stood at US$15.2 bn (November: US$14.8 bn).

In Global, the U.S. President-elect Donald Trump’s years-long bid to take control of the world’s largest island has kicked into overdrive in recent weeks. The consumer price index increased a seasonally adjusted 0.4% on the month, putting the 12-month inflation rate at 2.9%.Initial claims for state unemployment benefits rose 14,000 to a seasonally adjusted 217,000 for the week. (Forecasted 217000). In Europe, Rio Tinto and Glencore held talks about combining part or all of their businesses. In Asia, China’s economy expanded by 5.4% in the fourth quarter, exceeding the market’s expectation, as a flurry of stimulus measures powered the economy to meet Beijing’s growth target.

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