Weekly Update-18 April 2025

NIFTY50

The index closed the week with a strong gain of 4.48%, settling at 23,851.65. The week began with a big gap up and follow-through buying, driven largely by strong participation in large-cap stocks. Despite being a truncated trading week with only three sessions, the index maintained its bullish momentum throughout. On Thursday, which was the monthly expiry, the index witnessed sharp upward movement due to aggressive short covering and positive sentiment across sectors. This rally was also supported by improved global cues and strong institutional buying. Going ahead, key resistance levels are placed near 24,200, while immediate support is seen around the 23,200 mark. A sustained move above resistance could push the index into uncharted territory, while holding above support may keep the bullish trend intact.

BANKNIFTY

The index closed the week with a strong gain of 6.45%, settling at 54,290.20. The week began with a big gap-up opening, followed by sustained upward momentum across all trading sessions. The index consistently outperformed the broader markets, reflecting strong bullish sentiment. Notably, Private Banks led the rally, outperforming PSU Banks and contributing significantly to the index’s strength. Positive global cues and robust institutional buying further supported the uptrend. Going ahead, key resistance is seen around the 55,200 level, while immediate support is placed near 53,200. Holding above this support may keep the bullish momentum intact.

Best Performing Sector of the week

The Nifty Private Bank was best performing sector of this week

Major gainers include:-

Indusind Bank: up by 15.26%

Axis Bank: up by 11.4%

Icici Bank: up by 7.25%

Rbl Bank: up by 5.84%

Important News:-

• The trade war initiated by Trump’s tariffs has created economic uncertainty. Fed Chair Jerome Powell warns of potential inflation and unemployment impacts. Despite this, Indian markets showed resilience, with expectations of RBI rate cuts amidst a positive domestic economic outlook.

• Infosys reported a 12% YoY drop in Q4 net profit and missed revenue estimates. The company in its guidance has projected revenue growth of 0%–3% in constant currency and an operating margin of 20%–22% for FY26.Brokerages like Nuvama and Emkay cut FY26-27 EPS and target prices but maintained ‘Buy’ ratings, citing deal wins and cautious growth guidance.

• HDFC Bank, ICICI Bank, Muthoot Finance, HCL Technologies, Mahindra Logistics will be declaring dividend soon. With key dates approaching, investors are eager to find out which companies will reward their shareholders.

• India leads in global equity market recovery with Nifty 50 and Sensex gaining over 6% amid domestic macro stability. The rally is fueled by financial stocks and RBI’s rate cuts, while easing trade tensions support risk sentiment, attracting retail and foreign investors.

• Wipro delivered a 25.9 percent YoY jump in net profit to ₹3,570 crore, despite a marginal fall in revenue in constant currency terms. Sequentially, both profit and revenue showed moderate growth. Revenue stood at ₹22,504 crore, with the IT services segment earning $2.59 billion, a decline of 0.8 percent QoQ.