Weekly Update- 19 December 2025

NIFTY50

Nifty declined 80 points (-0.31%) for the week to close at 25,966. The week began on a slightly weak note, with the index easing lower over the first three sessions, although sharp intraday recoveries indicated buying interest at lower levels. As the week progressed, sentiment improved meaningfully, culminating in a strong gap-up move on Friday, followed by sustained upside momentum after a brief retracement. The broader market outperformed on Friday, reflecting improved risk appetite and selective accumulation across sectors. For the upcoming week, key resistance is seen around 26,200, while support is placed near 25,700, keeping the overall outlook positive with a buy-on-dips approach.

BANKNIFTY

Bank Nifty declined 320 points (-0.54%) for the week to close at 59,069. The week started on a cautious note, with sharp selling pressure on Tuesday, primarily driven by weakness in private banks, which underperformed PSU banks and caused Bank Nifty to lag Nifty on a weekly basis. However, despite the selling pressure, the index showed resilience by holding above its important support zone and managing a weekly close above key levels, suggesting that downside remains limited. For the coming week, immediate resistance is placed around 59,500, while strong support lies near 58,400, and the overall outlook continues to favor a buy-on-dips strategy.

TOP GAINING SECTOR

NIFTY PSUBANK was top gainer sector for the week

Major gainers were:-

BANKBARODA:- up by 2.67%

SBIN:- up by 1.78%

PNB:- up by 1.71%

CANBK:- up by 1.33%

TOP LOSING SECTOR

NIFTY PRIVATE BANKS was top losing sector for the week

Major losers were:-

AXISBANK:- down by 4.32%

RBLBANK:- down by 2.39%

HDFCBANK:- down by 1.6%

YESBANK:- down by 1%

IMPORTANT NEWS

• Infosys ADRs surged as much as 40% on the NYSE before trading was halted twice, despite the company denying any material trigger. A Canada-based report attributed the spike to a bizarre ticker-mapping glitch that may have confused automated trading systems amid thin year-end liquidity.

• Accenture has surpassed revenue forecasts for the first quarter. Strong demand for its artificial intelligence IT services fueled this growth. The company's AI strategy is showing positive results. Enterprises are increasingly adopting AI for cost reduction and productivity gains. New bookings also saw a significant rise. However, demand from public sector clients remains mixed.

• While silver has taken the spotlight recently, the broader setup indicates that gold may be preparing for a catch-up phase, supported by both fundamentals and technical indicators.

• With gains of 28% in 2025 so far, the Nifty PSU Bank index has emerged as the top-performing sectoral index, largely outperforming the benchmark Nifty 50, which has risen 10% over the same period.

• With gains of 28% in 2025 so far, the Nifty PSU Bank index has emerged as the top-performing sectoral index, largely outperforming the benchmark Nifty 50, which has risen 10% over the same period.