Weekly market update, May 09, 2025

India’s equity market indices snapped its three-week winning streak, its longest this year, after experiencing a sharp correction amid escalating geopolitical tensions between India and Pakistan, following a period of consolidation. On the weekly basis, the BSE benchmark declined 1.30 per cent, while Nifty dipped 1.39 per cent. The broader markets, the BSE MidCap ended with a loss of 1.40 per cent and the SmallCap declined 1.32 per cent. On sectoral front, Nifty media falls for the second week in a row and Nifty FMCG falls for the third week in a row. Nifty Auto and Nifty IT, on the other hand, rose for the fourth week in a row.

Analysts expect that investors will monitor some key market triggers in the coming week. The next set of March quarter earnings for fiscal 2024-25 (Q4FY25), domestic macroeconomic data, retail inflation, India-Pakistan geopolitical tensions, foreign capital inflows, and global cues will dictate the market trend in the week.

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