Were seeing that consolidation now, with the market stabilizing after the earlier turbulence. However, while there has been some upward movement recently, I wouldnt classify it as a confirmed reversal just yet.
With gold having outpaced equities over the past year, Gubbi suggests that now may be the time to rebalancereducing gold exposure and increasing equities, provided initial allocations were aligned with long-term goals.
S&P 500 and Nasdaq had their worst quarters since 2022 due to concerns over Trump's economic policy and new tariffs. The S&P 500 dropped 4.6% and Nasdaq fell 10.5%. Tech stocks like Tesla and Nvidia saw major declines. Energy sector gained 9.3%. Goldman Sachs raised the recession probability to 35% amid ongoing uncertainty.
Shares in Australia, Japan and South Korea opened higher while US equity-index futures dropped in early Asian trading. The S&P 500 climbed for the first time in four sessions, though US shares still notched their worst quarter compared to the rest of the world since 2009. As equities bounced, bonds moved away from session highs.
The value of pharma schemes rose as investors shifted focus to drugmakers, considered defensive in uncertain times. As per data from Value Research the mid-cap category offered the highest return of 8.93%, followed by multi-caps which returned 7.88%.
Stocks such as Bajaj Finance, Bharti Airtel, Eicher Motors, Grasim, HDFC Bank, ICICI Bank, BEL, Abbott India, Aditya Birla Capital, Nykaa, Time Techno, ITC Hotels, Nifty and Indigo could witness relative outperformance this week, according to analysts.
The Nifty 50 index managed to close FY2025 with a 5.3% gain, while the Nifty Midcap 150 and Smallcap 250 rose 5.73% and 2.32%, respectively. Foreign portfolio investors (FPIs) offloaded shares worth Rs 1.25 lakh crore during the year.
