Weekly Market Round Off by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Weekly Market Round Off by Shrikant Chouhan, Head Equity Research, Kotak Securities
The Nifty-50 Index and Sensex each gained 1.6% in the past week. While the mid-cap index gained around 0.3% and small-cap index lost around 0.7% in the past week. Sentiments remain subdued ahead of the FY26 Union Budget. The Q3FY25 earnings season has been broadly in line with our tepid expectations; however, management commentary remained uninspiring, further weighing on sentiments. Sector-wise, it was mixed bag. Capital goods (+3.5%), Auto (+3.0%), Realty (+6.2%), FMCG (+0.7%) and Power (+1.0%) ended in green. Major sectoral losers for the week include, IT (-1.9%), Consumer Durable (-0.9%), Metal (-0.5%), Telecom (-2.5%) and Pharma (-2.3%). Within the Nifty, Bharat Electronics (+8.2%), Hero MotoCorp (+7.9%) and M&M (+7.4%) gained the most, while HCL Tech (-3.9%), Sun Pharma (-3.8%) and Tata Motors (-3.5%) lost the most. FPI were net sellers in the past five days, while DIIs were net buyers in the same period.
In Global, in US, the Federal Reserve on Wednesday held rates as it highlighted inflation. Trump has confirmed he will impose 25% tariffs on imports from Mexico and Canada from February, but said his administration was yet to determine whether oil imports would be included. In Europe, the European Central Bank confirmed expectations of a quarter-point interest rate cut Thursday, bringing its main rate to 2.75%. German gross domestic product declined 0.2% in the final quarter of the year amid continuing weakness in its industrial sector. News from Asia, investors continue to monitor commentary on Chinese artificial intelligence firm DeepSeek — which rocked markets on Monday with the possibility of much cheaper AI mode
Above views are of the author and not of the website kindly read disclaimer
