Market hinges on domestic data, global risks

Amidst expectations that the Indian stock market will remain cautious, with the recently imposed 50 per cent US tariff on Indian exports keeping pressure on export-linked sectors, Indian equities snapped a six-week losing streak and ended nearly a per cent higher in the holiday-shortened week last week.

- RITWIK MUKHERJEE Kolkata, 20 August

The start was upbeat, though momentum moderated in subsequent sessions amid mixed signals. Ultimately, benchmark indices advanced, with the Nifty closing at 24,631.30 and the Sensex at 80,597.66 last week.

Market analysts are of the view that while the tariff may not significantly impact India's broader economic growth, investor sentiment could remain fragile in the near term, especially amid concerns over the possibility of further US trade restrictions. Volatility could elevate as markets digest these trade headwinds alongside Q1 earnings. Persistent foreign institutional investor (FII) selling, driven by near-term uncertainty, may also add to downside risks, though select sectors could still provide opportunities.