Indian Developments
Nifty 50 closed at 26,328.55, down by ~1.71% w/w (vs 25,694 a week ago).
Nifty Midcap 150 and Smallcap 250 also underperformed by ~2.79% and ~3.62% w/w, respectively, due to a combination of global and domestic pressures.
India VIX posted its biggest weekly spike since May 2025 (up ~14% w/w).
FIIs were heavy net sellers, pulling out Rs23,332.8 crore, which was the primary drag on markets.
DIIs also turned net sellers, withdrawing Rs3,772.1 crore.
Donald Trump’s threat of 500% tariffs on countries buying Russian oil triggered broad risk-off sentiment.
The US–India trade deal remained stalled, dampening investor confidence.
Sectoral Developments
PSU Banks (+2.81%) and IT (+1.03%) outperformed, supported by improving bank fundamentals, stable tech demand, and positive earnings sentiment.
Metals (+0.66%) and Capital Markets (+0.82%) also posted gains.
Realty (–6.24%) saw the sharpest decline, followed by Consumer Durables (–4.66%), Pharma (–4.59%), Healthcare (–4.17%), and EV & New Age Auto (–4.47%), reflecting weak demand trends and risk-off sentiment.
Global Developments
Global markets navigated a complex macro environment dominated by inflation uncertainty, trade tensions, and evolving central bank commentary.
The World Bank’s Global Economic Prospects highlighted that while the global economy remains resilient, it is heading towards one of its slowest decades since the 1960s, with global growth forecast at 2.6% for 2026.
Other Markets
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