Weekly Update-25 April 2025

NIFTY50

The index closed the week with a gain of 0.79%, settling at 24,039.35. The week began on a strong note with a gap-up opening on Monday, supported by a broad-based rally where almost all major sectors contributed positively. However, as the week progressed, the upward momentum started losing strength, and markets gradually turned sideways amid cautious sentiment. On Friday, some weakness emerged with noticeable selling pressure, indicating profit booking at higher levels. Despite the late-week decline, the index managed to hold onto its gains. Going forward, the key resistance levels are around 24,500, while strong support is placed near the 23,500 zone.

BANKNIFTY

The index closed the week with a gain of 0.69%, settling at 54,664.05. The week kicked off with a strong gap-up opening on Monday, driven by broad-based buying interest in both PSU and Private Banks, with PSU Banks showing stronger outperformance. As the week progressed, the bullish momentum gradually weakened, leading to sideways movement and bouts of profit booking. On Friday, the index faced significant selling pressure, giving up a part of its earlier gains. For the upcoming week, key resistance levels are around 56,000, while strong support is placed near the 52,800 zone.

Best Performing Sector of the week

The Nifty IT was best performing sector of this week

Major gainers include:-

Coforge: up by 11.97%

Tech Mahindra: up by 11.88%

Mphasis: up by 11.65%

Hcl Technologies: up by 9.75%

Worst Performing Sector of the week

The Nifty Media was worst performing sector of this week

Major losers include:-

Dish TV: down by 6.02%

Zee Entertainment: down by 5.3%

Sun Tv: down by 4.28%

Tips Music: down by 3.28%

Important News:-

• M&M will acquire Sumitomo Corp’s promoter stake of nearly 59 per cent in SML Isuzu for ₹555 crore. Anand Mahindra-led auto major will also make an open offer in accordance with SEBI rules.

• IDFC First Bank Q4 Results: Net profit drops 58% to ₹304 crore, NII rises 10% YoY; Asset quality improves.

• GAIL (India) Ltd. and CONCOR have signed a Memorandum of Understanding (MoU) to explore LNG as an alternative fuel for logistics, aiming to reduce emissions and operational costs. GAIL leads in gas transmission and LNG supply in India, while CONCOR focuses on container transportation. 

• Reliance reported a consolidated profit of ₹22,434 crore in the fourth quarter of FY25 compared to ₹21,143 crore in the corresponding period last year.

• US STOCKS-Wall Street extends rally on tech boost, easing tariff tensions.