**Weekly Global Macro Headwinds Cap Domestic Gains** Indian equity markets registered a modest weekly decline, despite a strong flow of positive Q3 earnings reports from the Technology and Banking sectors. The subdued performance reflected pressure from external factors, notably a firming **US Dollar**, which remained anchored near a six-week high against a basket of major currencies. In a move that impacts future monetary policy expectations, President Trump indicated a preference against appointing a candidate known for advocating immediate interest rate cuts as the next Federal Reserve Chair. This speculation contributed to the stronger dollar. In the commodities market, the recent surge in demand for **Gold**, driven by safe-haven buying, showed signs of slowing, causing prices to consolidate after reaching recent peaks.