𝗦𝗮𝗺𝗮𝘀𝘁𝗵𝗶𝘁𝗶 𝗔𝗱𝘃𝗶𝘀𝗼𝗿’𝘀 𝗪𝗲𝗲𝗸𝗹𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 – 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗲𝗻𝗱𝗲𝗱 𝗝𝘂𝗻𝗲 𝟭𝟯, 𝟮𝟬𝟮𝟱 𝟭. 𝗜𝗻𝗱𝗶𝗮𝗻 𝗘𝗾𝘂𝗶𝘁𝗶𝗲𝘀 – 𝗕𝗿𝗼𝗮𝗱-𝗯𝗮𝘀𝗲𝗱 𝗴𝗮𝗶𝗻𝘀, 𝗹𝗮𝗿𝗴𝗲𝗰𝗮𝗽𝘀 𝗹𝗲𝗮𝗱   • 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗱𝗲𝗹𝗶𝘃𝗲𝗿𝗲𝗱 𝗮 𝘀𝘁𝗿𝗼𝗻𝗴 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸, with the Nifty 50 rising 1.37% and the broader Nifty 500 up 1.5%. Gains were led by large-cap and diversified indices, as investors responded positively to falling inflation, policy stability, and stronger global cues.   • 𝗧𝗵𝗲 𝗡𝗶𝗳𝘁𝘆 𝟱𝟬 𝗘𝗾𝘂𝗮𝗹 𝗪𝗲𝗶𝗴𝗵𝘁 𝗶𝗻𝗱𝗲𝘅 𝗼𝘂𝘁𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗲𝗱 𝘁𝗵𝗲 𝗯𝗲𝗻𝗰𝗵𝗺𝗮𝗿𝗸, up 2.08%, pointing to widespread participation across constituents rather than a narrow rally in a few heavyweights.   • 𝗠𝗶𝗱𝗰𝗮𝗽𝘀 𝗰𝗼𝗿𝗿𝗲𝗰𝘁𝗲𝗱 𝗺𝗶𝗹𝗱𝗹𝘆, with the Nifty Midcap 150 down 1.4% after a sharp run-up. In contrast, 𝘀𝗺𝗮𝗹𝗹-𝗰𝗮𝗽𝘀 𝗲𝘅𝘁𝗲𝗻𝗱𝗲𝗱 𝘁𝗵𝗲𝗶𝗿 𝗿𝗮𝗹𝗹𝘆, rising 1.8%, fuelled by continued flows into micro-cap names and strong momentum in industrials and financials.   • 𝗧𝗵𝗲 𝗡𝗶𝗳𝘁𝘆 𝗡𝗲𝘅𝘁 𝟱𝟬 𝗴𝗮𝗶𝗻𝗲𝗱 𝟭.𝟵𝟭%, rebounding from recent underperformance. This indicates a possible return of investor interest in second-tier largecaps, especially after recent valuation corrections.   • 𝗬𝗲𝗮𝗿-𝘁𝗼-𝗱𝗮𝘁𝗲, 𝘁𝗵𝗲 𝗜𝗻𝗱𝗶𝗮𝗻 𝗲𝗾𝘂𝗶𝘁𝘆 𝗺𝗮𝗿𝗸𝗲𝘁 𝗿𝗲𝗺𝗮𝗶𝗻𝘀 𝗮𝗺𝗼𝗻𝗴 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁-𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗴𝗹𝗼𝗯𝗮𝗹𝗹𝘆, supported by resilient corporate earnings, declining inflation, and the RBI’s recent shift to a more accommodative stance. 𝟮. 𝗙𝗮𝗰𝘁𝗼𝗿𝘀 & 𝗦𝘁𝘆𝗹𝗲𝘀 – 𝗠𝗶𝘅𝗲𝗱 𝘄𝗲𝗲𝗸 𝗳𝗼𝗿 𝗳𝗮𝗰𝘁𝗼𝗿 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀   • 𝗔𝗹𝗽𝗵𝗮 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝘀𝗮𝘄 𝗮 𝗯𝗿𝗲𝗮𝘁𝗵𝗲𝗿, with the Nifty Alpha 50 slipping 0.3% after a strong two-week run. This suggests some profit booking in high-beta, stock-picking names that had previously led the rally.   • 𝗟𝗼𝘄 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗾𝘂𝗮𝗹𝗶𝘁𝘆 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗲𝗱 𝘄𝗲𝗹𝗹, with both the Nifty 100 Low Volatility 30 and Quality 30 indices up between 1.4% and 1.7%. These styles benefitted from renewed demand for stable growth, as investors rebalanced portfolios post-RBI cut.   • 𝗠𝗼𝗺𝗲𝗻𝘁𝘂𝗺 𝗿𝗲𝗺𝗮𝗶𝗻𝗲𝗱 𝗳𝗶𝗿𝗺, with the Nifty 200 Momentum 30 up 1.1% for the week and nearly 17% over the last 3 months—evidence that trend-following strategies continue to deliver, despite rising market breadth.   • 𝗠𝘂𝗹𝘁𝗶-𝗳𝗮𝗰𝘁𝗼𝗿 𝗶𝗻𝗱𝗶𝗰𝗲𝘀, 𝗲𝘀𝗽𝗲𝗰𝗶𝗮𝗹𝗹𝘆 𝘁𝗵𝗼𝘀𝗲 𝗰𝗼𝗺𝗯𝗶𝗻𝗶𝗻𝗴 𝗾𝘂𝗮𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗹𝗼𝘄-𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆, also registered modest gains, reflecting a balanced investor preference for both risk-taking and downside protection. 𝟯. 𝗙𝗶𝘅𝗲𝗱 𝗜𝗻𝗰𝗼𝗺𝗲 – 𝗬𝗶𝗲𝗹𝗱 𝗰𝘂𝗿𝘃𝗲 𝘀𝗲𝘁𝘁𝗹𝗲𝘀, 𝗯𝘂𝘁 𝗲𝗮𝘀𝗶𝗻𝗴 𝗯𝗶𝗮𝘀 𝗿𝗲𝗺𝗮𝗶𝗻𝘀   • 𝗕𝗼𝗻𝗱 𝘆𝗶𝗲𝗹𝗱𝘀 𝗲𝗮𝘀𝗲𝗱 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆, with the 10-year government bond yield falling 7 basis points to 6.31%. This continues the softening trend post-RBI's June rate cut and indicates that markets expect further easing down the line.   • 𝗦𝗵𝗼𝗿𝘁-𝗲𝗻𝗱 𝗿𝗮𝘁𝗲𝘀 𝗳𝗲𝗹𝗹 𝗲𝘃𝗲𝗻 𝗺𝗼𝗿𝗲 𝘀𝗵𝗮𝗿𝗽𝗹𝘆, with the 6-month T-bill yield down 51 basis points over the past month. Liquidity remains abundant, and demand for short-dated paper is strong.   • 𝗧𝗵𝗲 𝘆𝗶𝗲𝗹𝗱 𝗰𝘂𝗿𝘃𝗲 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝘀 𝘁𝗼 𝘀𝘁𝗲𝗲𝗽𝗲𝗻, though at a gentler pace, as market participants assess the RBI's next steps. 𝟰. 𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 – 𝗘𝗾𝘂𝗶𝘁𝗶𝗲𝘀 𝗿𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝘁, 𝗯𝘂𝘁 𝗘𝘂𝗿𝗼𝗽𝗲 𝗹𝗮𝗴𝘀   • 𝗨.𝗦. 𝗲𝗾𝘂𝗶𝘁𝗶𝗲𝘀 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝗱 𝘁𝗼 𝗰𝗹𝗶𝗺𝗯, with the S&P 500 and Nasdaq 100 gaining 1.78% and 1.89%, respectively. Strong tech performance and easing inflation expectations are keeping sentiment positive.   • 𝗘𝘂𝗿𝗼𝘇𝗼𝗻𝗲 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝘄𝗲𝗿𝗲 𝘄𝗲𝗮𝗸𝗲𝗿, with the DAX down 2.3% and the CAC 40 flat to slightly negative. Political uncertainty in France and softer industrial data weighed on sentiment.   • 𝗔𝘀𝗶𝗮𝗻 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝘄𝗲𝗿𝗲 𝘀𝘁𝗮𝗯𝗹𝗲, with Japan’s Nikkei flat and Hong Kong’s Hang Seng up 0.6%. Chinese stimulus expectations and signs of improved credit flow continued to support regional indices.   • 𝗨.𝗦. 𝗶𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝘀𝗼𝗳𝘁𝗲𝗻𝗲𝗱 𝗮𝗴𝗮𝗶𝗻, with CPI falling to 2.07%, increasing market conviction that the Fed may start cutting rates by Q4 2025. This contrasts with India's already proactive monetary easing. 𝟱. 𝗖𝗼𝗺𝗺𝗼𝗱𝗶𝘁𝗶𝗲𝘀 & 𝗖𝘂𝗿𝗿𝗲𝗻𝗰𝘆 – 𝗚𝗼𝗹𝗱 𝘀𝘂𝗿𝗴𝗲𝘀 𝗮𝗴𝗮𝗶𝗻, 𝗿𝘂𝗽𝗲𝗲 𝘄𝗲𝗮𝗸𝗲𝗻𝘀   • 𝗚𝗼𝗹𝗱 𝗽𝗿𝗶𝗰𝗲𝘀 𝗶𝗻 𝗜𝗻𝗱𝗶𝗮 𝗿𝗼𝘀𝗲 𝘀𝗵𝗮𝗿𝗽𝗹𝘆, up 2.9% this week and over 31% year-to-date. Gold remains in demand as a hedge against global volatility, currency depreciation, and geopolitical uncertainty.   • 𝗖𝗿𝘂𝗱𝗲 𝗼𝗶𝗹 𝗽𝗿𝗶𝗰𝗲𝘀 𝗿𝗲𝗺𝗮𝗶𝗻𝗲𝗱 𝘂𝗻𝗱𝗲𝗿 𝗽𝗿𝗲𝘀𝘀𝘂𝗿𝗲, with Brent trading near $74 per barrel, as concerns over global demand continue to outweigh OPEC+ production controls.   • 𝗧𝗵𝗲 𝗿𝘂𝗽𝗲𝗲 𝘄𝗲𝗮𝗸𝗲𝗻𝗲𝗱 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝘁𝗼 ₹𝟴𝟲.𝟬𝟵 𝗽𝗲𝗿 𝗨𝗦𝗗, reflecting the rate differential between the Fed and RBI. However, FPI inflows and a strong macro backdrop are helping limit the downside. 𝗨𝗻𝘁𝗶𝗹 𝗻𝗲𝘅𝘁 𝘁𝗶𝗺𝗲, 👋 𝗯𝘆𝗲! 🌟