𝗦𝗮𝗺𝗮𝘀𝘁𝗵𝗶𝘁𝗶 𝗔𝗱𝘃𝗶𝘀𝗼𝗿’𝘀 𝗪𝗲𝗲𝗸𝗹𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 – 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗲𝗻𝗱𝗲𝗱 𝗠𝗮𝘆 𝟮𝟯, 𝟮𝟬𝟮𝟱 𝟭. 𝗜𝗻𝗱𝗶𝗮𝗻 𝗘𝗾𝘂𝗶𝘁𝗶𝗲𝘀: 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗧𝗮𝗸𝗲 𝗮 𝗕𝗿𝗲𝗮𝘁𝗵𝗲𝗿 𝗔𝗺𝗶𝗱 𝗥𝗼𝘁𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗨𝗻𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆 Indian markets paused this week amid global caution and sectoral rotation. 𝗡𝗶𝗳𝘁𝘆 𝟱𝟬: -𝟭.𝟭𝟳% | 𝗦𝗲𝗻𝘀𝗲𝘅: -𝟭.𝟵𝟭% – profit booking after a strong run. 🔎Beneath the surface, broader markets showed strength: • 𝗠𝗶𝗱 & 𝗟𝗮𝗿𝗴𝗲 𝗠𝗶𝗱𝗰𝗮𝗽𝘀: Held steady, maintaining long-term leadership • 𝗦𝗺𝗮𝗹𝗹𝗰𝗮𝗽𝘀: Surprised with +2.0% WoW, topping 1Y returns at +24.2% • 𝗡𝗶𝗳𝘁𝘆 𝗡𝗲𝘅𝘁 𝟱𝟬: Rebounded +1.14%, still -1.5% YTD Investors continue to favor growth-oriented and domestic themes, even as frontline indices cool off. ________________________________________ 𝟮. 𝗦𝘁𝘆𝗹𝗲 & 𝗙𝗮𝗰𝘁𝗼𝗿 𝗜𝗻𝗱𝗶𝗰𝗲𝘀: 𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 𝗪𝗲𝗶𝗴𝗵𝘀 𝗼𝗻 𝗛𝗶𝗴𝗵 𝗕𝗲𝘁𝗮, 𝗔𝗹𝗽𝗵𝗮 𝗛𝗼𝗹𝗱𝘀 𝗦𝘁𝗲𝗮𝗱𝘆 Volatility continues to weigh on high-beta strategies • 𝗠𝗼𝗺𝗲𝗻𝘁𝘂𝗺 (-𝟭.𝟬%) 𝗮𝗻𝗱 𝗤𝘂𝗮𝗹𝗶𝘁𝘆 (+𝟬.𝟭%) were flat to weak • 𝗟𝗼𝘄 𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 offered modest downside protection • 𝗔𝗹𝗽𝗵𝗮 𝟱𝟬 stood out with +0.6%, despite being -11.5% YTD, hinting at selective stock strength Multi-factor indices remained muted, suggesting a more balanced, risk-aware approach is prudent in the current environment. ________________________________________ 𝟯. 𝗙𝗶𝘅𝗲𝗱 𝗜𝗻𝗰𝗼𝗺𝗲: 𝗕𝗼𝗻𝗱 𝗬𝗶𝗲𝗹𝗱𝘀 𝗦𝗹𝗶𝗱𝗲 𝗮𝘀 𝗗𝗶𝘀𝗶𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝘀 📉 Bond yields continued to slide as disinflation held steady • 𝟭𝟬𝗬 𝗚-𝘀𝗲𝗰 dropped to 6.22% (↓74 bps in 6M) • 𝟯𝗬 𝘆𝗶𝗲𝗹𝗱 fell sharply to 5.88% (↓100.6 bps) 📊 Yield curve flattening signals growing expectations of RBI policy easing later in FY26, reinforced by falling CPI (3.16%) and negative WPI. ________________________________________ 𝟰. 𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁𝘀: 𝗠𝗶𝘅𝗲𝗱 𝗣𝗶𝗰𝘁𝘂𝗿𝗲 𝗔𝗺𝗶𝗱 𝗙𝗲𝗱 𝗪𝗮𝘁𝗰𝗵 𝗮𝗻𝗱 𝗣𝗼𝗹𝗶𝗰𝘆 𝗗𝗶𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲 Global markets saw mixed action this week • 𝗦&𝗣 𝟱𝟬𝟬 (-𝟭.𝟮𝟳%) & 𝗡𝗮𝘀𝗱𝗮𝗾 𝟭𝟬𝟬 (-𝟬.𝟵𝟴%) dipped on hawkish Fed signals • 𝗛𝗮𝗻𝗴 𝗦𝗲𝗻𝗴 extended gains (+1.3% WoW, +25.6% 1Y) on continued policy support from China Global leadership is shifting toward value and EM-friendly regions, driven by optimism around stimulus and easing inflation (US CPI: 2.16%). ________________________________________ 5. 𝗖𝘂𝗿𝗿𝗲𝗻𝗰𝘆 & 𝗖𝗼𝗺𝗺𝗼𝗱𝗶𝘁𝗶𝗲𝘀: 𝗜𝗡𝗥 𝗦𝘁𝗲𝗮𝗱𝘆, 𝗚𝗼𝗹𝗱 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝘀 𝘁𝗼 𝗦𝗵𝗶𝗻𝗲 💱 𝗜𝗡𝗥 held steady at ₹85.25/USD, supported by strong FPI inflows and a narrowing current account deficit. 🪙 𝗚𝗼𝗹𝗱 continued its rally (+4.19% WoW, +33.57% YoY), driven by safe-haven demand and central bank buying. 🛢️ 𝗕𝗿𝗲𝗻𝘁 𝗖𝗿𝘂𝗱𝗲 stayed range-bound near $83, as global demand worries offset geopolitical tensions. 𝗨𝗻𝘁𝗶𝗹 𝗻𝗲𝘅𝘁 𝘁𝗶𝗺𝗲, 👋 𝗯𝘆𝗲! 🌟