Weekly Update-11 July 2025

NIFTY50

The index ended the week with a 1.22% loss, settling at 25,150. The week began on a flat note, with the index consolidating in a tight range and exhibiting sideways movement for the initial sessions. However, sentiment turned negative towards the end of the week, as broad-based selling pressure emerged on Thursday and Friday, dragging the index lower. The decline was led by weakness across key sectors, reflecting cautious investor sentiment ahead of upcoming macroeconomic triggers. While immediate support is seen around 24,900, the broader view turns cautious if the index sustains below 24,100 levels, which may open the door for further downside.

BANKNIFTY

The index ended the week with a 0.49% loss, settling at 56,755. The week began on a flat note, with the index consolidating in a tight range and exhibiting sideways movement. On Tuesday, the index showed decent strength, led by outperformance in private banks compared to PSU banks. However, the momentum did not sustain, and the index faced renewed selling pressure on Thursday and Friday, resulting in a broad-based decline. The overall tone turned weak towards the end of the week, reflecting profit booking and cautious sentiment. Key resistance is now placed around 57,350, while immediate support lies near 56,000. A sustained move below 56,000 may invite further downside, keeping the near-term view cautious.

Best Performing Sector of the week

The Nifty FMCG was best performing sector of this week

Major gainers include:-

Hindustan Unilever: up by 7.71%

Dabur: up by 7.22%

Emami: up by 4.35%

Radico Khaitan: up by 3.32%

Worst Performing Sector of the week

The Nifty IT was worst performing sector of this week

Major losers include:-

Persistent: down by 5.38%

Hcl Tech: down by 5.08%

TCS: down by 4.5%

Coforge: down by 4.24%

Important News:-

• US President ⁦Donald Trump announces a 30% tariff on European Union from the 1st of August. This is higher than the 20% tariff imposed on EU in April this year. This is coming at a time when US and EU were trying to work out a trade deal.

• Glenmark Pharmaceuticals share price surged 15% to an all-time high of ₹2,094 following the announcement of an exclusive licensing agreement between its innovation arm, IGI, and AbbVie for a cancer treatment.

• Tata motors: Jaguar Land Rover North America recalls about 21,000 US vehicles over torn passenger airbags.

• Capital markets player Anand Rathi Wealth’s shares rallied over five percent in trade on Friday, July 11, after the firm reported stronger-than-expected earnings for the first quarter of the current financial year (Q1FY26).

• Shares of Tata Elxsi slipped as much as 7 percent to Rs 5,660 in morning trade on Friday, July 11, after the company reported a sharp drop in June quarter earnings, triggering concerns over demand headwinds and margin pressure. The disappointing performance also prompted global brokerages to cut estimates and maintain bearish views on the stock.