Weekly market update, Apr 11, 2025

India’s equity market indices ended the week in red for the second consecutive week with minor losses, following a temporary pause in US trade tariffs. The past week has been eventful for global and Indian markets, marked by significant developments including a market crash, an RBI rate cut, the tariff pause by US President Donald Trump, the start of the earnings season, and China’s retaliatory tariffs on US imports. On the weekly basis, the BSE benchmark declined 0.27 per cent, while Nifty dipped 0.33 per cent. The broader markets, the BSE MidCap ended with a loss of 0.58% and the SmallCap declined 0.15%. On sectoral front, it was mixed. For the week, the Nifty Auto emerged as the top sectoral loser. Nifty Realty, Nity Metal, Nifty Pharma also extended their decline for the third week. Nifty FMCG was the top performing sector in this week.

Analysts expect that investors will monitor key market triggers in the third week of the new fiscal (FY26). India’s retail inflation data, the next set of March quarter earnings for fiscal 2024-25 (Q3FY25), global tariff announcements, and global cues will dictate the market direction in the third week of April. On the trading front, the upcoming week will be shortened, as the stock market will be closed on April 14 and April 18 for Babasaheb Ambedkar Jayanti and Good Friday, respectively.

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