Weekly Update- 12 December 2025

NIFTY50

Nifty declined 0.53% (139 points) for the week to close at 26,047. The week began with sharp selling pressure on Monday, which continued through the first three sessions and led to broad-based weakness across sectors. However, sentiment improved as Nifty approached its daily 50 EMA near 25,700, a crucial support zone, from where a strong reversal emerged. The recovery gathered momentum toward the end of the week, especially on Friday, supported by broad market participation and leadership from the metal sector. For the coming week, key support is placed around 25,700, while resistance is seen near 26,300, with the overall outlook remaining buy on dips.

BANKNIFTY

Bank Nifty declined 0.65% (387 points) for the week to close at 59,390. The week began with sharp selling pressure on Monday, which persisted through the first three sessions, with PSU banks underperforming. Additional pressure came from the weakening rupee, which remained above the 90 level and weighed on sentiment. However, as Bank Nifty approached its daily 20 EMA near 59,000, a crucial support zone, the index witnessed a strong reversal, which intensified on Friday and was led by private banks. For the coming week, key support is placed around 58,800, while resistance is seen near 60,000, with the overall outlook remaining buy on dips.

TOP GAINING SECTOR

NIFTY METAL was top gainer sector for the week

Major gainers were:-

HINDZINC:- up by 12.76%

VEDANTA:- up by 3.64%

HINDALCO:- up by 3.5%

TATASTEEL:- up by 2.86%

TOP LOSING SECTOR

NIFTY CPSE was top losing sector for the week

Major losers were:-

BEL:- down by 4.29%

HAL:- down by 3.16%

REC:- down by 2.52%

PFC:- down by 2.4%

IMPORTANT NEWS

• Corona Remedies and Wakefit Innovations are set to list amid divergent grey market signals. Corona Remedies commands strong listing expectations backed by robust subscriptions and profitability, while Wakefit’s muted GMP reflects cautious sentiment towards consumer-facing growth businesses, highlighting current investor preference for earnings visibility and consistency.

• Global brokerage firm Jefferies projects the Nifty to reach 28,300 by December 2026, attributing this forecast to two strong drivers — sustained equity supply and robust domestic flows. These factors are expected to keep Indian equity markets range-bound over the coming year.

• Key factors will shape the stock market this week. Domestic data releases like WPI inflation and trade balance are expected. Progress on the India-US trade deal is also a focus. Technical indicators suggest Nifty needs to hold support levels. FII selling continues, while DII buying provides some stability. Currency movements will also be watched closely.

• PhysicsWallah reported 62% YoY profit growth and 26% revenue rise in Q2, backed by rapid offline expansion, diversified income streams, and improved margins following major cost optimisation and strong post-IPO growth momentum.

• Brokerages like Citi and Choice Institutional Equities are optimistic about the pharmaceutical and flexible workspace sectors. Citi maintains a ‘Buy’ on Lupin and Sun Pharma, citing strong US growth and product pipelines. Choice Institutional Equities initiates ‘Buy’ coverage on Smartworks, highlighting India’s booming flexible workspace market and the company’s strong position for significant expansion.