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

The Indian equity markets rebounded sharply in second half on Friday to end the week with marginal gains. Both the Nifty 50 and the Sensex 30 indices posted a weekly gain of close to 0.5%. However, on the sectoral front, the performance was mixed. On the BSE, sectoral indices like IT, real estate and capital goods saw gains. However, on the other hand, BSE Energy, FMCG, Healthcare and Oil & Gas sectors declined between 1-2% on a weekly basis. Godrej Consumer in its mid-quarter update highlighted that the demand conditions in India have been subdued for the past few months.  FMCG index lost ~1.5% this week.  India’s November 2024 CPI inflation decelerated to 5.5% from 6.2% in October 2024 and was broadly in line with our expectation of 6.2%. Despite an adverse base effect, IIP growth in October 2024 improved marginally to 3.5% (from 3.1% in September 2024). Impact of the US economic policy, recovery in domestic consumption & investment and CPI inflation are some of the factors to be focused on over the next few months.

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