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The Indian markets consolidated gains with remarkable resilience last week, even as global uncertainty deepened following U.S. sanctions on Russian energy companies, which drove global crude oil prices higher by around 5% and reignited concerns over India’s import bill and inflation outlook. Sensex gained 1.48 per cent or 1,237 points to end last week at 84,211.

Nifty, however, saw a weak momentum with a drop of 0.32 per cent or 84 points to end at 25,795.

Despite these headwinds, domestic benchmarks maintained their composure, supported by strong DII inflows, encouraging Q2 earnings from IT and consumer sectors, argued Ponmudi R, CEO – Enrich Money.

Focus Shifts to Q2 Results and Defence Sector

Investors will also keep a close watch on Corporate India’s second

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