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

Global equity markets were mixed over the past one week, while the Indian equity markets outperformed most markets on a weekly basis. The Nifty 50 and the Sensex 30 indices inched ~1% higher during the week. The BSE midcap and the smallcap indices outperformed the larger peers with weekly gains of 2-2.5%. Almost all the key sectoral indices closed the week with positive gains. The market saw sharp rally in select sectors like automobiles, cement, consumer staples, select consumer durables and some NBFC’s amid government's plan for GST rationalization.

Auto sector was a clear outperformer whereas BSE Bankex and BSE Power indices underperformed on a relative basis. On the macro front, the RBI MPC minutes highlighted the need for a pause to allow the transmission of policy actions, while remaining wary of evolving external sector uncertainties. Adjusted net profits of the Nifty-50 Index in Q1FY26 increased 7.5% yoy as compared to our expectations of 4% yoy growth. With result season behind us, the focus will be on global and domestic macroeconomic factors. Equity markets would keenly watch for any announcements with respect to tariffs, as India faces the risk of 50% US tariffs from August 27. On the domestic front, good monsoon, lower inflation and interest rates, lower oil prices and Government efforts to boost consumption are positives.

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