Weekly Update-11 April 2025

NIFTY50

The index closed the week with a loss of 0.33%, settling at 22,828.55. The week began with a major gap down on Monday, triggered by news related to China’s retaliation on Donald Trump’s tariff measures. However, as the week progressed, the index witnessed a steady recovery from lower levels. A strong rally was seen on Friday, driven by positive sentiment following news of potential tariff easing on various countries by Donald Trump. This helped the index recover a significant portion of the early-week losses. Key resistance levels for the upcoming week are around 23,500, while support is placed near the 22,200 zone.

BANKNIFTY

The index closed the week with a loss of 0.97%, settling at 51,002.35. The week began with a major gap down on Monday, triggered by concerns over China’s retaliation to Donald Trump’s tariff policies. However, as the week progressed, the index showed resilience with a steady recovery from lower levels. A strong rebound was seen on Friday, driven by positive news around possible tariff easing by Trump for select countries, which lifted market sentiment. Despite the initial weakness, the index managed to limit the weekly losses. Key resistance levels for the coming week are around 52,800, while support is seen near the 50,000 mark.

Best Performing Sector of the week

The Nifty FMCG was best performing sector of this week

Major gainers include:-

Britannia: up by 6.51%

Godrej Consumer: up by 5.79%

Hindustan Unilever: up by 5.42%

Nestle: up by 4.39%

Worst Performing Sector of the week

The Nifty Realty was worst performing sector of this week

Major losers include:-

Phoenix Mills: down by 6.47%

Godrej Properties: down by 5.78%

Lodha: down by 4.93%

Dlf: down by 4.64%

Important News:-

• Tech giants such as Infosys, Wipro, and major banks, including HDFC Bank, Yes Bank and ICICI Bank, are some of the big companies scheduled to declare their results for the current fiscal year.

• Tata Steel shares rise 5% as JPMorgan sees 500 mn euro savings amid transformation of Netherlands ops.

• Aurionpro Solutions shares jump over 15% on acquiring complete stake in Fintra Software.
  
• Phones, computers, semiconductors & other electronics escape Donald Trump’s ‘reciprocal’ tariff sting.
  
• The shares of smallcap and midcap companies recorded strong gains on April 11 as markets found some relief after US President Donald Trump announced a 90-day pause in his reciprocal tariffs.