Weekly Update-13 June 2025

NIFTY50

The index ended the week with a 1.14% loss, closing at 24,719. The week started with a gap-up on Monday, followed by three sessions of narrow-range consolidation, reflecting cautious sentiment. However, on Thursday’s weekly expiry, the index saw a broad-based correction amid weak global cues. The decline intensified on Friday, with a sharp gap-down opening triggered by renewed geopolitical tensions stemming from Israel-Iran war news, which spooked global markets. Despite the negative open, the index recovered intraday from key support levels, indicating buying interest at lower levels. Going forward, 25,000 acts as immediate resistance, while 24,500 remains a crucial support—any breach below this could lead to deeper correction, keeping the near-term outlook negative.

BANKNIFTY

The index ended the week with a loss of 1.86%, settling at 55,527. It opened the week with a gap-up on Monday but remained in a tight consolidation zone for the next three sessions, reflecting market indecisiveness. On Thursday, the index witnessed a broad-based correction with a decisive downward move. Friday saw a sharp gap-down opening, triggered by geopolitical tensions following Israel-Iran war news, which weighed on global sentiment. However, the index managed to recover intraday from key support levels. Throughout the week, PSU banks notably underperformed their private counterparts. Looking ahead, 56,100 remains the key resistance, while 55,000 is a crucial support zone—any breakdown below this level could extend the corrective trend in the near term.

Best Performing Sector of the week

The Nifty IT was best performing sector of this week

Major gainers include:-

OFSS: up by 7.88%

Tech Mahindra: up by 5.59%

Wipro: up by 4.67%

LTIM: up by 4.32%

Worst Performing Sector of the week

The Nifty Realty was worst performing sector of this week

Major losers include:-

Brigade Enterprises: down by 7.25%

SOBHA: down by 6.96%

Lodha: down by 4.18%

Prestige Estate: down by 3.41%

Important News:-

• Indian shipping stocks surged up to 10% on June 13, defying a weak market, as rising Middle East tensions and fears of trade disruption through the Strait of Hormuz fueled concerns of rising tanker rates.

• The S&P 500 lost over 1%, wiping out this week’s advance. Airline and travel companies tumbled, while energy producers and defense shares rose.

• While the exact cause of the crash is not known yet, several analysts have pointed out that the possibility of GE Aerospace's engine failure being the cause may have sent the stock for a spin.

• The president’s remarks follow his recent move to double steel and aluminium tariffs to 50 percent and come ahead of a July 9 deadline, by which higher auto tariffs could be implemented.

• The Indian equity indices erased all the previous week gains, losing 1 percent in the volatile week ended June 13 amid geopolitical tensions after Israel strikes on Iran, which led to sharp jump in crude oil prices and uncertainty over the US-China trade negotiations.