Weekly Recap: Nifty Slips, Mid & Small Caps Shine, Global Cues in Focus

Weekly Recap

Markets traded largely sideways in a volatile week, ending slightly lower and snapping a two-week winning streak. Here's our take on this week gone by, some stories you might have missed out on, and our thoughts on what to do going ahead, in your weekly stock market report.

Taking Stock, Booking Profits

• The frontline indices swung up and down last week to end slightly in the red, with the Nifty slipping 0.69% over the week.
• Broader markets, however, showed resilience: the BSE Small-cap index gained 1% while the Mid-cap index rose 0.6%.
• The India VIX, the market’s fear gauge, also edged lower, reflecting a phase of consolidation as investors paused after the buying frenzy of the previous two weeks.

The Big Headlines

• The week saw the announcement of a trade deal between the US and Vietnam on Thursday—placing Vietnam among the select few countries to secure such an agreement since “Liberation Day.”
• The US remained the focal point throughout the week, with the Federal Reserve’s rate commentary and the Trump administration’s tax and spending bill steering global market sentiment.

The Winners

• Apollo Hospitals emerged as the week’s top performer, gaining 3.4% after its board approved a major restructuring plan to list its pharmacy and digital health businesses.
• Bharat Electronics rallied 3.2% to hit all-time highs, fuelled by investor enthusiasm over fresh orders worth over Rs 500 crore.

The Losers

• Trent led the pack of losers, plunging a sharp 9.4% after the company flagged slower-than-expected Q1 performance at its AGM.
• Axis Bank followed with a 3.9% decline, weighed down by concerns over tepid deposit and loan growth, though bullish analyst coverage remains intact.

Meanwhile…

• The US Composite PMI eased to a two-month low of 52.9 in June, even as non-farm payroll data showed unexpected strength in the labour market.
• Back home, services activity surged to a 10-month high in June, with the Services PMI crossing the 60 mark for the first time this year.

Market Brief

Market Outlook

Our Take

• Global markets remained cautious last week, driven by a stream of US data and heightened anxiety around the looming July 9 tariff deadline set by the Trump administration.
• In the coming days, market focus will shift to the anticipated US-India trade deal. A favourable outcome could act as the catalyst for the next phase of upmove, offering relief amid prevailing uncertainty.
• In this backdrop, we expect the Nifty to remain rangebound in the coming week, oscillating between 25,100 and 25,800 levels.

Discover Investment Opportunities with Liquide

Unlock the potential of informed investing with Liquide, featuring pioneering tools like LiMo, an AI co-pilot for stock investing. Available on both Google Play Store and Apple Appstore, Liquide offers up-to-date market analysis, expert recommendations, and real-time insights to guide your investment decisions. 

Download the Liquide App today and enhance your financial journey with Liquide's cutting-edge features.