Weekly Update-04 July 2025

NIFTY50

The index ended the week with a 0.69% loss, settling at 25,461. The week began on a weak note amid broad-based but moderate selling pressure, reflecting cautious sentiment across sectors. As the week progressed, the market traded in a sideways-to-negative range, although a few pockets showed relative strength and managed to outperform the index. On Friday, the index staged a sharp intraday recovery from lower levels and closed in the green, indicating renewed buying interest near key support zones. Heading into next week, immediate resistance is placed around 25,650, while strong support is seen near 25,200. The broader view remains constructive, with a buy-on-dips strategy favoured as long as the 25,200 level holds firm.

BANKNIFTY

The index ended the week with a 0.72% loss, settling at 57,032. Monday began with mild negativity, but selling pressure intensified mid-week, especially on Wednesday when the index faced resistance and declined sharply, led by weakness in PSU Banks. Despite the mid-week pressure, PSU Banks significantly outperformed private banks on a weekly basis, showing sectoral strength. On Friday, the index witnessed a strong recovery from lower levels and closed in positive territory, signaling buying interest near crucial support. For the coming week, key resistance is seen around 57,600 and support at 56,200. The overall view remains positive with a buy-on-dips approach as long as 56,200 holds.

Best Performing Sector of the week

The Nifty Consumer Durables was best performing sector of this week

Major gainers include:-

Bluestar: up by 13.37%

Kajaria Ceramics: up by 5.65%

Voltas: up by 4.53%

Dixon Technologies: up by 5.04%

Worst Performing Sector of the week

The Nifty Realty was worst performing sector of this week

Major losers include:-

Lodha: down by 3.8%

Prestige Estate: down by 3.15%

Oberoi Realty: down by 2.57%

Godrej Properties: down by 2.47%

Important News:-

• Shares of Indraprastha Gas Limited (IGL) and Mahanagar Gas Ltd (MGL) rose up to 3.5% on July 4 as the Petroleum and Natural Gas Regulatory Board has approved reforms to the Natural Gas Pipeline Tariff Regulations, 2025.

• The shares of Poonawalla Fincorp and CreditAccess Grameen recorded notable gains on July 4 as investors cheered strong Q1 updates from the two non-banking financial institutions. Bandhan Bank shares however dropped in trade.

• The Securities and Exchange Board of India (SEBI) posted an interim order on its website dated July 3 outlining that Jane Street would no longer be able to participate in the domestic securities market, saying an investigation found it manipulated stock indices through positions taken in derivatives.

• Looking ahead, oil prices may come under pressure as OPEC+ agreed to a larger-than-expected production increase of 5,48,000 barrels per day for August, well above the 4,11,000 bpd added in each of the past three months.

• After two days of recording notable gains since debuting on the stock markets, HDB FINANCIAL SERVICES shares lost steam and traded in the red on July 4. The shares of the company dropped over 2 percent to hover around Rs 844 apiece.