Weekly Update-27 June 2025

NIFTY50

The index ended the week with a 2.09% gain, settling at 25,638. The week began on a weak note with a sharp gap-down opening on Monday, triggered by escalating geopolitical tensions following reports of a US attack on Iran. However, markets quickly shrugged off the initial panic as buying interest emerged at lower levels, leading to a steady recovery and sustained upward momentum over the next few sessions. Sentiment further improved after a ceasefire was announced later in the week, which triggered a sharp round of short covering on Thursday, also supported by monthly expiry-related adjustments. Technically, the index has reclaimed key levels and continues to trade with a positive bias. For the upcoming week, immediate resistance is seen around 26,200, while strong support is placed at 25,200. The broader view remains bullish with a buy-on-dips strategy as long as the index holds above 25,200.

BANKNIFTY

The index ended the week with a 2.12% gain, settling at 57,444. It opened with a gap-down on Monday following news of a US attack on Iran but quickly recovered its losses as buying emerged at lower levels, driving upward momentum through the rest of the week. A ceasefire announcement later in the week further improved sentiment, triggering sharp short covering on Thursday, coinciding with monthly expiry. Sector-wise, PSU banks outperformed their private counterparts throughout the week, showing relative strength. Looking ahead, key resistance is placed around 58,700, while strong support lies near 56,200. The broader view remains positive, with a buy-on-dips approach as long as the index holds above 56,200.

Best Performing Sector of the week

The Nifty Metal was best performing sector of this week

Major gainers include:-

Hind Copper: up by 11.05%

Hindalco: up by 7.43%

Tata Steel: up by 6.24%

Vedanta: up by 3.72%

Worst Performing Sector of the week

The Nifty Realty was worst performing sector of this week

Major losers include:-

Lodha: down by 4.11%

Brigade: down by 3.07%

Prestige: down by 2.97%

Godrej Properties: down by 2.87%

Important News:-

• The Foreign Institutional Investors (FIIs) extended their buying in second week as they purchased equities worth Rs 4,423 crore. On the other hand, Domestic Institutional Investors (DII) also continued their buying in tenth consecutive week as they bought equities worth Rs 12,390.17 crore.

• Jio Financial Services shares rose over 4 percent on Friday after the Securities and Exchange Board of India (SEBI) approved Jio BlackRock Broking to function as a stockbroker.

• Coforge, HCL Tech, other IT names rise up to 3% on hopes of early Fed rate cut, Nasdaq rally.

• Some experts believe without a pickup in private investment or a revival in global growth, the current environment offers limited upside. Structural constraints in consumption and absence of new export catalysts may keep the outlook cautious.

• Shares of Dixon Technologies rose over 4 percent in intraday trade on Friday after brokerage firm Nomura reaffirmed its ‘Buy’ rating on the stock and raised its target price.