Weekly Update- 08 August 2025

NIFTY50

The index ended the week with a 0.82% loss, settling at 24,363. It opened the week on a positive note, staging a notable bounce-back on Monday after a phase of continuous selling, indicating some buying interest at lower levels. This was followed by two sessions of range-bound consolidation, as the index traded in a tight band with neither side gaining decisive control. The real action came in the last two trading days—Thursday witnessed massive short covering from lower levels, triggering a sharp intraday rebound, while Friday saw a complete reversal with intense selling pressure from higher levels, wiping out most of the previous day’s gains. This pattern reflected the underlying choppiness and lack of clear direction in market sentiment. For the week ahead, key resistance is placed around 24,650, while strong support lies near 24,150, and the index is likely to remain volatile around these levels until a breakout occurs on either side.

BANKNIFTY

The index ended the week with a 1.10% loss, settling at 55,005. It started on a positive note, witnessing a notable bounce-back on Monday after a phase of continuous selling, suggesting some buying interest at lower levels. This was followed by two sessions of range-bound consolidation, as the index moved within a narrow band without clear direction. The major volatility unfolded in the last two sessions—Thursday saw massive short covering from lower levels, sparking a sharp intraday rebound, while Friday reversed course with intense selling pressure from higher levels, erasing most of the previous day’s gains. Overall, the index underperformed throughout the week, reflecting persistent weakness in momentum. For the upcoming week, key resistance is placed near 56,000, while strong support lies around 54,500, with market action likely to remain volatile around these zones until a decisive breakout occurs.

Best Performing Sector of the week

The Nifty PSU Banks was best performing sector of this week

Major gainers include:-

Indian Bank: up by 4.77%

MAHABANK: up by 2.56%

Union Bank: up by 2.25%

Canara Bank: up by 1.89%

Worst Performing Sector of the week

The Nifty Pharma was worst performing sector of this week

Major losers include:-

Biocon: down by 10.38%

Divis Lab: down by 7.03%

Laurus Lab: down by 3.24%

Granules: down by 2.7%

Important News:-

• NSDL shares have surged 62.5% since its IPO, exceeding unlisted market peaks and delivering substantial gains for pre-IPO investors. The IPO, subscribed 41.02 times, reflects strong investor confidence in NSDL’s market leadership and steady financial performance.

• The shares of defence companies dropped sharply in trade on August 8, pushing the Nifty India Defence index down nearly 2 percent. Weak earnings by some of the key players, profit booking and lack of fresh triggers fuelled the downturn in the sector.
• Shares of Coforge slipped 6 percent to Rs 1,605 in the afternoon on August 8, sinking for the third time in four sessions and wiping over 10 percent in just four days, after key client Sabre Corp plunged 35 percent on the Nasdaq overnight following a lacklustre quarterly report.
  
• Titan share price: The company posted a stellar Q1FY26 performance, with profit up 52.5 percent year-on-year and revenue surging 24.6 percent. Strong jewellery and watches sales, coupled with margin expansion, prompted several brokerages to raise their target prices.

• The Nifty 50 failed to build on the previous day’s recovery and retraced to Thursday’s low, closing nearly 1 percent lower on August 8, as bears further tightened their grip on the market amid concerns over the potential impact of Trump-era tariffs on exports. The intensified selling pressure led the index to post its sixth consecutive weekly loss, marking the longest such streak since the COVID-led market crash.