Weekly Update-09 May 2025

NIFTY50

The index closed the week with a loss of 1.39%, settling at 24,008. The week began on a positive note with a gap-up on Monday, followed by some continuation in the uptrend. However, as the week progressed, market sentiment turned cautious due to rising geopolitical tensions between India and Pakistan. This nervousness was reflected in a sharp gap-down opening on Friday, accompanied by a significant spike in India VIX, indicating heightened volatility. Key resistance for the upcoming week is around 24,500, while support is seen near the 23,500 zone.

BANKNIFTY

The index ended the week with a loss of 2.76%, closing at 53,595.25. The week began on a strong note with a gap-up on Monday and some follow-through buying. However, as the week progressed, concerns around escalating geopolitical tensions between India and Pakistan weighed on sentiment. This led to a sharp gap-down opening on Friday, along with a notable surge in India VIX, reflecting heightened market volatility. Looking ahead, key resistance is placed near the 55,000 level, while immediate support is seen around 52,000.

Best Performing Sector of the week

The Nifty Auto was best performing sector of this week

Major gainers include:-

Tata Motors: up by 8.67%

Motherson: up by 3.99%

Heromotoco: up by 3.03%

MRF: up by 1.83%

Worst Performing Sector of the week

The Nifty Realty was worst performing sector of this week

Major losers include:-

Godrej Properties: down by 11.06%

DLF: down by 8.06%

Lodha: down by 7.99%

Prestige Estate: down by 5.97%

Important News:-

• Yes Bank shares rise 10% on Japan’s SMBC’s stake buying from SBI, LIC, others.

• he Indian stock market faced sell-off pressure amid rising India-Pakistan war tensions, yet defence stocks like HAL, BEL, and Mazagon Dock thrived.

• During the quarter, Paisalo Digital recorded the highest-ever AUM at ₹5232.8 crore, as against Q4 FY 2024 at ₹4,586 crore, a growth of 14.10%.

• Canara Bank shares gained 3% after strong Q4 results showed a 33.15% profit rise to ₹5,003 crore.

• L&T share price jumped over 4% in early trade on Friday after the company reported its Q4 results. The rally in L&T share price comes despite broader weakness in the Indian stock market due to the ongoing military conflict between India and Pakistan.