Weekly Update- 13th June 2026

NIFTY50

NIFTY50 closed near 23,623 and formed a strong bullish weekly candle after reclaiming important short-term levels. The recent recovery suggests improving momentum and renewed institutional participation following a period of consolidation. Market breadth has improved in recent sessions, with buying interest emerging across multiple sectors and helping the index regain confidence. The ability to hold above key support zones indicates that sentiment is gradually shifting in favor of the bulls. Support is placed at 23,300 and 22,900, while resistance is seen at 23,850 and 24,200. The trend remains bullish as long as the index holds above 23,300, with further upside potential towards the higher resistance zone over the coming weeks.

BANKNIFTY

BANK NIFTY closed near 56,815 and delivered a strong bullish weekly candle, indicating a decisive recovery from recent weakness. The index has regained key levels with participation from both private and PSU banking stocks, improving the overall market structure. Strong buying in heavyweight banking names has strengthened confidence and contributed significantly to the broader market recovery. Momentum indicators are also showing improvement, supporting the possibility of continued strength if buying interest persists. Support is placed at 55,800 and 54,800, while resistance is seen at 57,500 and 60,000. The trend remains bullish and sustained strength above support levels can drive a fresh move towards record territory.

TOP GAINING SECTOR

NIFTY REALTY was top gainer sector for the week

Major gainers were:-

BRIGADE ENTERPRISE:- up by 4.18%

DLF:- up by 1.62%

LODHA:- up by 0.54%

PRESTIGE:- up by 0.45%

TOP LOSING SECTOR

NIFTY CPSE was top losing sector for the week

Major losers were:-

OIL INDIA:- down by 13.56%

ONGC:- down by 7.01%

COAL INDIA:- down by 6.10%

NLC INDIA:- down by 6.03%

IMPORTANT NEWS

• India’s auto retail sales touched a record high in May, supported by strong demand across passenger vehicles, two-wheelers, and commercial vehicles. EV penetration crossed 11%, reflecting growing consumer acceptance, improving charging infrastructure, and favorable ownership economics. The trend benefits automakers, battery manufacturers, auto component suppliers, and charging infrastructure companies while supporting the sector’s long-term growth trajectory. Rising vehicle sales also indicate healthy consumer sentiment and strengthening domestic demand.

• Foreign inflows into Indian bonds reached a one-year high following RBI measures aimed at attracting overseas capital and supporting the rupee. Strong inflows improve market liquidity, strengthen India’s external position, and enhance overall financial stability. The development reduces funding pressures and supports domestic financial markets. It also reflects continued global investor confidence in India’s macroeconomic outlook, growth prospects, and relatively stable policy environment.

• The RBI introduced an FCNR(B) swap window to encourage banks to mobilise foreign currency deposits from overseas Indians. The initiative aims to boost dollar inflows, strengthen forex reserves, and improve foreign currency liquidity within the banking system. Higher inflows can support rupee stability during periods of global volatility while enhancing confidence in India’s external financial position. Banks and the broader financial system are expected to benefit from improved funding conditions and liquidity support.
  

• India and Nepal launched a linkage between UPI and Nepal’s payment network, enabling instant cross-border remittances. The initiative strengthens digital payment connectivity and financial inclusion between the two countries while making transactions faster, more efficient, and cost-effective. It expands UPI’s international footprint and demonstrates the growing acceptance of India’s digital payment infrastructure globally. The move further enhances India’s position as a leader in financial technology and digital public infrastructure.
  

• According to the IEA, India’s energy investment is expected to reach a record $170 billion in 2026. The spending will be directed toward power generation, transmission networks, renewable energy projects, and broader energy infrastructure development. Rising investment reflects strong energy demand, industrial expansion, and economic growth across the country. The trend is highly positive for utilities, capital goods manufacturers, EPC companies, and infrastructure players, while supporting India’s long-term energy security and transition goals.