Weekly Update- 05th July 2026

NIFTY50

NIFTY50 closed at 24,270.85, gaining 95.15 points (0.39%) and extending its breakout above the important 24,060 zone. The daily chart continues to form higher highs and higher lows, while the weekly chart indicates that the recent recovery is strengthening after reclaiming key support levels. The index remains comfortably above its breakout zone, suggesting that buying interest is intact despite intermittent profit booking. As long as 24,050 to 23,900 holds, the index is well placed to test 24,450 to 24,600, while only a sustained break below 23,900 would weaken the current bullish structure and trigger consolidation.

BANKNIFTY

BANK NIFTY closed at 57,938.50, down 93.15 points (-0.16%), forming a small pullback after the recent recovery. Despite the mild decline, the weekly structure continues to improve with higher lows, indicating that the broader recovery remains intact. However, the index is currently facing resistance around the 58,000 to 58,200 zone, and a decisive breakout above this region is required to revive bullish momentum. As long as 57,450–57,500 is protected, the index can attempt a move towards 58,500 to 59,000, while a close below 57,450 could result in short-term consolidation before the next directional move.

TOP GAINING SECTOR

NIFTY REALTY was top gainer sector for the week

Major gainers were:-

LODHA:- up by 5.05%

OBEROI REALTY:- up by 3.74%

ANANTRAJ:- up by 3.17%

DLF:- up by 2.69%

TOP LOSING SECTOR

NIFTY PSU BANK was top losing sector for the week

Major losers were:-

UNIONBANK:- down by 6.46%

BANK OF BARODA:- down by 3.09%

BANK OF MAHARASTRA:- down by 2.76%

INDIAN BANK:- down by 1.98%

IMPORTANT NEWS

• India-UK Trade Pact: Rules of Origin notified ahead of July 15 rollout
  The government notified the Rules of Origin for the India-UK Free Trade Agreement (FTA) ahead of its July 15 implementation. The agreement will provide lower tariffs and better market access for Indian exporters. Key beneficiaries include textiles, automobiles, engineering goods, pharmaceuticals, and agriculture. The pact is expected to strengthen bilateral trade and investment.

• Goyal Targets: $1 Trillion Exports in FY27 as June-Quarter Growth hits 15%
  The government has set an ambitious target of $1 trillion in exports for FY27 after exports grew 15% during the June quarter. Strong export momentum reflects improving global demand and competitiveness. Manufacturing and services exports are expected to drive growth, supporting India’s long-term economic expansion strategy.

• CG Semi: Commercial Production begins at G1 OSAT Facility in Sanand
  CG Semi commenced commercial production at its G1 OSAT semiconductor facility in Sanand, Gujarat. The plant strengthens India’s semiconductor manufacturing ecosystem and reduces dependence on imports. It supports the government’s chip manufacturing mission and the electronics industry, marking a significant milestone for India’s technology and manufacturing ambitions.

• Japan’s IHI & ACME: ₹67,000 Crore Investment Pact for Clean Energy
  Japan’s IHI Corporation and ACME signed a ₹67,000 crore investment agreement focused on clean energy projects in India. The partnership will support green hydrogen, renewable energy, and industrial decarbonisation. It reinforces India’s clean energy transition goals while creating long-term opportunities across the energy and infrastructure sectors.

• HDFC Bank reported healthy Q1FY27 business growth, with advances rising 15.4% YoY and deposits increasing 14.7% YoY. The steady expansion reflects resilient credit demand and strong deposit mobilisation. The performance supports confidence in India’s banking sector and the country’s overall economic activity.