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Below the Quote on Weekly Market Commentary by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd

“Last week, Indian markets rallied sharply, with the Nifty surging 4.5% to close at 25,020. Broader indices outperformed, with the Nifty Midcap100 and Smallcap100 gaining 9.5% and 11.3%, respectively. This week, markets are expected to extend gains, supported by progress in US–China trade talks and low domestic inflation. Institutional flows remain strong, with FIIs and DIIs investing around ?33,000 crore month-to-date in May. India's retail inflation slowed to 3.16%, providing scope for further interest rate cuts to support economic growth. On the trade front, Commerce Minister Piyush Goyal is in the US (May 17–20) for key negotiations, aiming for an interim tariff agreement ahead of a broader trade deal targeted for Sep/Oct 2025. Adding to the optimism, IMD has forecast an early monsoon onset over Kerala by May 27 and an above-normal monsoon overall—positive for agri, fertilizers, agrochemicals, rural FMCG, auto, and rural finance sectors. Meanwhile, focus will also remain on the ongoing Q4 earnings season, with key results expected from Divis Labs, DLF, Hindalco, BEL, Amber Ent, Zen Tech, Power Grid, Max Health, and ONGC.”

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