Weekly Update-20 June 2025

NIFTY50

The index ended the week with a 1.59% gain, settling at 25,112. It began the week on a strong note with upward momentum and broad-based participation, especially in mid and small-cap segments. However, the next three sessions witnessed sideways consolidation as traders remained cautious ahead of key triggers. On Friday, the index bounced sharply, recovering part of the week’s losses and closing near the upper end of the range. For the coming week, key resistance is seen around 25,250, while strong support lies near 24,500. The near-term outlook stays positive as long as the index sustains above this crucial support zone.

BANKNIFTY

The index ended the week with a 1.31% gain, settling at 56,253. The week began on a strong note with upward momentum and broad-based participation, led primarily by private banks, which consistently outperformed PSU banks throughout the week. The next three sessions saw the index consolidate in a narrow range, reflecting a pause in momentum as traders awaited fresh cues. However, Friday brought renewed strength with a sharp upward move, helping the index close near the week’s high and reinforcing bullish sentiment. Looking ahead, key resistance is placed around 57,000, while strong support lies near 55,000. The near-term outlook remains positive as long as the index sustains above this crucial support zone.

Best Performing Sector of the week

The Nifty Infra was best performing sector of this week

Major gainers include:-

Bharti Airtel: up by 5.23%

Ultratech Cement: up by 2.08%

LT: up by 2.08%

Grasim Industries: up by 1.83%

Worst Performing Sector of the week

The Nifty Pharma was worst performing sector of this week

Major losers include:-

Aurobindo Pharma: down by 4.61%

Granules: down by 4.33%

Dr Reddy: down by 2.73%

Lupin: down by 2.58%

Important News:-

• Jefferies projects a credit growth of 12 percent and deposit growth of 10 percent for SBI, supported by adequate liquidity buffers.

• On June 19, the RBI released the final directions on project finance norms, asking lenders to maintain general provision of 1.25 percent on Commercial Real Estate (CRE), and 1 percent each on Commercial Real Estate-Residential Housing (CRE-RH) and other portfolio during the construction phase.

• Amongst 12 IPOs, HDFC Bank's HDB Financial Services IPO, the biggest public issue of the current year with a size of Rs 12,500 crore will open for subscription on June 25 and close on June 27.

• Shares of defence companies advanced on Friday, snapping a two-day losing streak, amid rising tensions between Israel and Iran that raised concerns of wider geopolitical instability.

• Mr Trump, who on Friday said he would take as long as two weeks to decide whether he should enter the conflict on Israel's side, said the American planes "completed a very successful attack" on Fordow, Natanz, and Esfahan, the first time the US had attacked facilities inside Iran since the Iranian Revolution in 1979.