Weekly Market Update report

Domestic equity markets declined for the sixth consecutive week, with key benchmark indices BSE Sensex and Nifty 50 falling by 0.92% and 0.82%, respectively.

Domestic equity markets fell after the U.S. President unexpectedly doubled tariffs on Indian exports. Investor sentiment weakened as the 50% tariff hike threatened India’s manufacturing push and could slow economic growth.

Bond yields rose as the RBI kept rates unchanged, opting for a wait-and-watch approach to assess the impact of earlier rate cuts on the economy, contrary to market expectations of a dovish tone or further easing.

Yield on the 10-year benchmark paper (6.33% GS 2035) rose by 3 bps to close at 6.40% from the previous week’s close of 6.37%.