By Angeeras Securities | Market Strategy Desk
🧭 Weekly Market Recap: Profit Booking, Global Tariffs & Domestic Drivers
This past week, Indian equity markets experienced heightened volatility driven by global trade concerns, corporate earnings, and selective sectoral moves. The Nifty 50 closed at 25,150, declining 1.2%, while the Sensex slipped 932 points to settle at 82,500. The tone of the week remained cautious amid global tariff developments and underwhelming earnings from marquee names like TCS, pushing IT and Defence stocks into a corrective phase.
At the center of attention was the ongoing Vedanta–Viceroy Research standoff, evoking comparisons to the Adani–Hindenburg episode. Short sellers remain under scrutiny, but broader market direction remains anchored to macro fundamentals, corporate results, and policy outlooks.
🔮 The Week Ahead: Macro Cues, Earnings & Trade Talks
Markets in the upcoming week will closely track:
Progress on a potential US–India trade deal Q1 earnings from key large-cap corporates Inflation (CPI) data from India, the US, and Europe Global cues, especially trade developments and Federal Reserve tone
While geopolitical trade headlines have stirred short-term volatility, the domestic economic environment remains resilient, with supportive macroeconomic indicators such as strong GST collections, robust retail SIP flows, and solid rural demand.
🏛️ Key Corporate Events & Earnings Next Week
High-impact earnings to watch:
HCL Tech, Tech Mahindra, Wipro, JSW Steel, HDFC Bank, Axis Bank, LTIMindtree, Tata Communications, ICICI Bank, AU Small Finance Bank, among others.
Corporate Actions include several dividends, bonus issues, and stock splits across marquee names like TCS, Bharti Airtel, Kotak Bank, Wendt (India), Samvardhana Motherson, Ashok Leyland, and more. These will influence individual stock volatility throughout the week.
🔍 Sectoral Focus: What to Watch
Defence: After a notable pullback, sentiment remains positive. Stocks like Mazagon Dock, BDL, BEL, HAL, and GRSE may see renewed buying. Oil Marketing Companies (OMCs): Falling global crude prices improve margins. Watch IOC, BPCL, and HPCL. Information Technology: Mixed Q1 earnings and global ADR weakness suggest volatility in names like TCS, Infosys, Wipro, and Persistent. Sugar: Trump’s 50% tariff on Brazilian sugar could benefit Indian players like Balrampur Chinni and Renuka Sugars. FMCG: Positive quarterly updates and a promising monsoon forecast offer tailwinds to Marico, Godrej CP, HUL, Varun Beverages, and Emami.
📊 Market Breadth & Internals
NSE Advance-Decline remained balanced toward the end of the week, but midweek saw declining stocks outnumbering advancers. The Nifty IT Index was the worst sectoral performer, down 4%. The FMCG Index outperformed, rising 2% on strong rural sentiment and earnings optimism. FII data shows net outflows of ₹4,511 crore, while DIIs infused ₹8,290 crore, supporting broader market stability.
💼 Global Markets Snapshot
US equity indices fell by ~1%, dragged by aggressive tariff announcements, including 50% tariffs on copper and select imports from Canada and Brazil. European markets gained around 2%, supported by dovish ECB commentary and resilient corporate earnings. Asian markets, particularly China and South Korea, remained range-bound, influenced by trade alignment talks with the US.
💸 Commodities Update
Brent Crude rose 1%, trading above $70/bbl. Gold gained 1%, buoyed by tariff fears and expectations of US Fed rate cuts.
🌍 Global Economic Calendar – Key Releases (July 15–19, 2025)
United States
Tuesday: CPI (Consumer Price Index) Wednesday: PPI, Industrial & Manufacturing Production, Capacity Utilization Thursday: Retail Sales, Initial Jobless Claims, Philadelphia Fed Business Outlook Friday: Housing Starts, 1-Year & 5-10-Year Inflation Expectations
Europe
Wednesday: UK CPI and RPI Thursday: UK Unemployment Rate Friday: Germany PPI
China
Monday: Exports & Imports Tuesday: GDP, Retail Sales, Industrial Production Thursday: Foreign Bond and Stock Buying Data Friday: CPI
Japan
Monday: Core Machine Orders, Industrial Production Friday: BOJ Weekly Data and Capital Flow Insights
India
Monday: CPI Tuesday: Unemployment Rate, Exports & Imports Friday: Foreign Exchange Reserves
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Angeeras Securities 