Weekly Market Insights: 1st May 2022

by Anushi Jain

While broader markets were flat, smallcaps faced pressure on the downside

Weekly Movement of Key Indices

U.S markets also continued falling with S&P down 2.9% and Nasdaq down 3.2%

Earnings release across various sectors are reflecting the effect of the war and supply chain disruptions of last quarter. Markets are volatile due to the same.

Markets may continue consolidating sideways for sometime. This is the time for investors to focus on capital appreciation and not on returns.

Sectoral Movement

‌While most sectors ended the week flat or in red, IT stocks bore the brunt with poor earnings release. Auto stocks continued to show strong upside for the second week consecutively.

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