Weekly Update- 10 October 2025

NIFTY50

The index ended the week with a gain of 1.57%, closing at 25,285. The week began on a strong note with broad-based participation across sectors, followed by two sessions of sideways consolidation as markets digested recent gains. Momentum picked up again in the latter half of the week, supported by renewed buying interest and short covering, leading to a strong weekly close. However, global markets witnessed sharp declines on Friday after Donald Trump announced a 100% tariff on Chinese imports effective November 1, raising concerns over potential trade tensions. Despite global volatility, the overall structure of the index remains constructive, with key support near 25,000 and resistance around 25,500, suggesting a buy-on-dips approach in the near term.

BANKNIFTY

The index ended the week with a gain of 1.84%, closing at 56,610. The week began on a strong note with broad-based participation across the banking space, followed by two sessions of sideways consolidation. Momentum resumed in the latter half, supported by renewed buying interest and short covering, leading to a strong weekly close. Bank Nifty outperformed Nifty throughout the week, with PSU banks showing significant strength and outperforming private banks, reflecting sustained institutional interest and sectoral rotation. The overall trend remains constructive, with key support near 55,500 and resistance around 57,300, favoring a buy-on-dips strategy in the near term.

TOP GAINER SECTOR

NIFTY IT was top gainer sector for the week

Major gainers were:-

HCLTECH: up by 7.32%

COFORGE: up by 6.77%

PERSISTENT: up by 5.7%

TCS: up by 4.36%

IMPORTANT NEWS

• Gold and silver are expected to stay supported in the coming months, driven by central bank demand, a weakening dollar, and supply constraints. Kotak AMC’s Nilesh Shah highlights that these factors, alongside festival-driven premiums, make precious metals a key hedge and long-term portfolio diversifier.

• SIP inflows stayed robust despite flat Nifty returns, reflecting disciplined retail investing. Gold ETFs and multi-asset funds saw strong gains, while smallcap inflows moderated and midcap funds attracted steady investments amid valuation caution.

• Cryptocurrency markets plunged after Trump announced a 100% tariff on Chinese tech imports, triggering a record $19 billion liquidation. Major tokens, including Bitcoin, Ethereum, XRP, and Binance Coin, saw steep declines, highlighting heightened volatility amid U.S.-China trade tensions and global crypto market instability.

• Stock market regulator Sebi has streamlined penalty rules for brokers, introducing a single penalty per violation across exchanges. The number of penalties has been drastically cut from 235 to 90, with many minor lapses now facing financial disincentives instead of penalties. This move aims to reduce reputational risk and provide significant relief to the broking community.

• Amid a flat BSE Smallcap index, 38 smallcap stocks surged with double-digit weekly gains. Jindal Photo led with 41% rise, followed by Indo Thai Securities, Indraprastha Medical, GM Breweries, and others.

• The Indian primary market sees a single Midwest IPO this week, alongside ongoing mainboard issues and SME offerings. Tata Capital, LG Electronics, and eight other companies are also scheduled to debut.