Auto Sales & GST Council Meet: What’s Driving Indian Markets This Week?

📊 Market Snapshot: Last Week’s Performance ✅ Sensex dipped 271 points (0.34%) to 79,810 ✅ Nifty 50 slipped 74 points (0.30%) to 24,427 ✅ BSE Midcap and Smallcap indices eased by 0.41% and 0.29% respectively 🔍 Key Drivers and Risks ⚡ Lingering concerns over US tariff measures continue to weigh on investor sentiment ⚡ Sectors like Textiles, Capital Goods, Metals, Automobiles, and Seafood face direct pressure ⚡ IT and Pharma may experience indirect sentiment-driven impacts due to stalled trade talks 📈 India’s Resilience Amid Challenges 💰 Robust Q1 GDP growth, supported by government spending and policy initiatives, provides a cushion against external headwinds 💰 A breakthrough in tariff negotiations could improve market sentiment, but the current 25% reciprocal duty is expected to stay for now 🚦 What to Watch This Week 🏭 Auto sales data and GST Council meet outcomes will be critical triggers for market direction 🏦 Investors should monitor domestic and US macroeconomic indicators including PMI prints, jobless claims, payrolls, and unemployment data for fresh cues 🔑 Strategy Insight 🌱 A multi-cap allocation approach is likely to remain dominant amid mixed sectoral trends and ongoing global uncertainties Keep a close eye on these developments as they could shape market momentum in the near term!