𝗦𝗮𝗺𝗮𝘀𝘁𝗵𝗶𝘁𝗶 𝗔𝗱𝘃𝗶𝘀𝗼𝗿’𝘀 𝗪𝗲𝗲𝗸𝗹𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 – 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗲𝗻𝗱𝗲𝗱 𝗝𝘂𝗻𝗲 𝟮𝟬, 𝟮𝟬𝟮𝟱 𝟭. 𝗜𝗻𝗱𝗶𝗮𝗻 𝗘𝗾𝘂𝗶𝘁𝗶𝗲𝘀 – 𝗣𝘂𝗹𝗹𝗯𝗮𝗰𝗸 𝗹𝗲𝗱 𝗯𝘆 𝘀𝗺𝗮𝗹𝗹𝗰𝗮𝗽𝘀 𝗮𝗻𝗱 𝗺𝗶𝗱𝗰𝗮𝗽𝘀   • Indian equity markets corrected this week, with broad-based declines across size segments. The Nifty 50 was down 1.18%, while the Nifty 500 lost 2.2%. Sentiment was dampened by global volatility, profit booking, and a moderation in risk appetite after the recent rally.   • Midcaps and smallcaps were hit harder, with the Nifty Smallcap 250 declining 3.8% and the Nifty Midcap 150 down 1.0%. The correction followed a period of outperformance and appears to reflect portfolio rebalancing and concerns about stretched valuations in some segments.   • The Nifty Next 50 posted the sharpest drop, down 3.77% for the week and nearly 8% over the past year. Weakness in financials, consumption, and industrial names contributed to the underperformance.   • Equal-weighted indices also lagged, with the Nifty 50 Equal Weight down 1.45%, indicating that the selling was broad-based and not limited to heavyweights alone.   • Despite the week’s weakness, longer-term performance remains solid, with 1-year and 3-year returns for broader indices still in the 20–30% range. 𝟮. 𝗙𝗮𝗰𝘁𝗼𝗿𝘀 & 𝗦𝘁𝘆𝗹𝗲𝘀 – 𝗣𝗿𝗼𝗳𝗶𝘁 𝗯𝗼𝗼𝗸𝗶𝗻𝗴 𝗶𝗻 𝗮𝗹𝗽𝗵𝗮 𝗮𝗻𝗱 𝗺𝗼𝗺𝗲𝗻𝘁𝘂𝗺   • High-beta strategies faced selling pressure, as the Nifty Alpha 50 declined 2.5% for the week. The strategy has underperformed YTD, reflecting volatility in individual names and reduced investor appetite for concentrated bets.   • Momentum strategies also saw a pullback, with the Nifty 200 Momentum 30 down 1.5%. While it remains strong over a 3-month window, recent performance has been volatile amid shifting sector leadership.   • Defensive styles held up relatively better, though they too ended in the red. Low-volatility and quality indices declined around 1.1%, outperforming beta-oriented strategies but still reflecting the broader risk-off sentiment.   • Multi-factor approaches combining alpha, quality, and low-volatility also posted negative returns, but their diversified nature helped contain the drawdowns to some extent. 𝟯. 𝗙𝗶𝘅𝗲𝗱 𝗜𝗻𝗰𝗼𝗺𝗲 – 𝗬𝗶𝗲𝗹𝗱𝘀 𝗿𝗶𝘀𝗲 𝗺𝗼𝗱𝗲𝘀𝘁𝗹𝘆 𝗯𝘂𝘁 𝗰𝘂𝗿𝘃𝗲 𝗿𝗲𝗺𝗮𝗶𝗻𝘀 𝘀𝘁𝗲𝗲𝗽   • Bond yields ticked up slightly this week, with the 10-year government bond yield rising 8.6 basis points to 6.31%. The move reflects some near-term uncertainty in global markets and a pause in local bond buying.   • The 5-year G-sec yield also rose to 6.01%, while the 3-year yield was steady. This continues the curve’s steepening trend, albeit at a slower pace than in previous weeks.   • Short-end rates were mixed, with the 6-month T-bill yield moving to 5.42%, reflecting minor liquidity shifts and RBI’s ongoing monitoring of short-term rates.   • Despite the uptick, yields are well below their 6-month highs, and the market retains an easing bias given the downward trend in inflation. 𝟰. 𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 – 𝗠𝗶𝘅𝗲𝗱 𝘁𝗿𝗲𝗻𝗱𝘀 𝗮𝗺𝗶𝗱 𝗴𝗹𝗼𝗯𝗮𝗹 𝗽𝗼𝗹𝗶𝗰𝘆 𝘂𝗻𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆   • U.S. equities posted small losses, with the S&P 500 down 0.69% and the Nasdaq 100 lower by 0.35%. Markets digested a mix of soft inflation data and conflicting signals from Fed officials.   • Europe fared worse, with the DAX down 3% and France’s CAC 40 off by 2.7%, reflecting political uncertainty in the Eurozone and weaker-than-expected economic indicators.   • Japan stood out with gains, as the Nikkei rose 1.6%—buoyed by a softer yen and investor expectations of continued BoJ support.   • Emerging Asia saw modest weakness, with the Hang Seng falling 2.1% on concerns over China’s recovery momentum and global growth risks.   • U.S. Treasury yields fell, with the 10-year yield declining 9.2 basis points to 4.39%, suggesting that global investors are still seeking safety amid market volatility. 𝟱. 𝗖𝗼𝗺𝗺𝗼𝗱𝗶𝘁𝗶𝗲𝘀 & 𝗙𝗫 – 𝗥𝘂𝗽𝗲𝗲 𝘄𝗲𝗮𝗸𝗲𝗻𝘀, 𝗴𝗼𝗹𝗱 𝗲𝘅𝘁𝗲𝗻𝗱𝘀 𝗴𝗮𝗶𝗻𝘀   • The rupee depreciated to ₹86.57/USD, as foreign fund outflows and the narrowing Fed-RBI policy gap pressured the currency. Volatility in global equities also weighed on sentiment.   • Gold prices in India rose 0.58% this week, extending their year-to-date gain to over 31%. Persistent geopolitical uncertainty and central bank gold buying continue to support the asset class.   • Crude oil prices were range-bound, with Brent trading near $77 per barrel. While global demand worries persist, supply-side dynamics—especially from OPEC+—are helping stabilize prices. 𝗨𝗻𝘁𝗶𝗹 𝗻𝗲𝘅𝘁 𝘁𝗶𝗺𝗲, 👋 𝗯𝘆𝗲! 🌟