August 18th to August 22nd 2025.

 

The benchmark Nifty notched back-to-back weekly gains on backdrop of PM Narendra Modi’s Vision for Reform and Self-Reliance.

 

Having said that, Nifty after popping above 25000 mark slipped, as investors took some profit off the table amidst the biggest headwind and the bid question for next week’s trade:

 

 

Nifty (+0.97%, 24870)

Sensex (+0.88%, 81307)

Bank Nifty (-0.42%, 55271)

 

 

1) PM Modi’s roadmap to 'atmanirbharta' amidst GST tax reform.

 

2) Trump-Putin meet in Alaska where dialogue and diplomacy prevailed.

 

3) Rating upgrade of India by S&P to ‘BBB’ from ‘BBB-’, the first upgrade since 2007. 

 

4) With the festive season approaching, the street is hoping for a 25-basis-point rate cut.

 

5) WTI oil prices continues to stay depressed at around $63.75 a barrel.

 

6) Manufacturing PMI in has marked the highest level since January 2008, driven by a sharp rise in new orders amid strong domestic demand.

 

7) India’s Mutual Funds inflows have hit new record highs at Rs. 42672 crores as against Rs 23,568 crore in June. The good news is that Rs 30,416 crore has come through new fund offerings.

 

# Bottom-line: After last week’s optimism at Dalal Street, bulls will hope and pray that Nifty moves above its 1st hurdles at 25154 mark (last week’s high) and then all eyes on Nifty’s June 30th high at 25670 mark.

 

Instruments LTP Weekly % Change

Nifty 24870 +0.97%

Sensex 81307 +0.93%

Bank Nifty 55149 (-1.09%)

Nifty Midcap 15267 +0.29%

India VIX 11.73 +3.12%

 

Dow 45714 +1.72%

Nasdaq 23491 (-0.94%)

Bovespa 137575 +0.93%

 

Crude Oil 63.65 +2.7%

Gold 3373 +1.09%

Silver 39.03 +2.6%

USD/INR 87.29 (-0.25%)

 

 

1) Nifty ended 0.97% higher; gained for 2nd straight week and most importantly, ended above its 100-DMA at 24633 mark. On the upside, Nifty will face its 1st hurdles at last week’s high at 25154 mark and then all eyes on Nifty’s June 30th high at 25670 mark.

 

2) Bank Nifty (-0.35%) mostly underperformed and its technical landscape continues to look ugly as the benchmark continues to trade below its 21 DMA (55706),  50 DMA (56283) and 100 DMA (55361). Net-net, Bank Nifty witnessed an uninspiring session 

 

3) Nifty Private Bank index inched up 0.14% while Nifty PSU Bank index inched 0.39% lower.

 

4) The broader markets were seen trading with strength as the Nifty Mid-cap 50 index gained 2.26% while the Nifty Small-cap index flared up 2.12%

 

Nifty Auto (+5.02%)

Nifty Reality (+3.45%)

Nifty IT   (+1.74%)

Nifty Metal  (+1.73%)

Nifty Infra (+1.28%)

Nifty Oil & Gas (+1.17%)

Nifty Pharma (+0.51%)

Nifty Energy (+0.11%)

Nifty Media  (+0.05%)

 

Nifty FMCG  (-1.98%)

Nifty PSE Index (-1.17%) 

 

 

1) Shares of BSE (-6%), Angel One (-4.7%) and other capital market-related firms tanked after Sebi hinted at longer F&O tenors.

 

2) Concord Biotech shares rallied over 7.6% after the company informed stock exchanges that the European Union Good Manufacturing Practice (EU-GMP) authorities conducted their first inspection of its Active Pharmaceutical Ingredients (API) manufacturing facility located at Limbasi.

 

3) Real estate stocks were seen consolidating with positive bias as the Nifty Realty index rose 3.45% with and the major outperforming stocks were: Anant Raj (+2.66%), Godrej Properties (+6%), DLF (+1.46%)

 

4) RailTel Corporation of India (+2.16%) gained after the company bagged two orders worth Rs 50.41 crore from the Kerala State Information Technology Mission (KSITM) and the Higher Education Department, Government of Odisha.

 

5) Vodafone Idea (+15%) gained after Q1 result where it reported a wider loss in Q1 FY26 despite modest growth in revenue.

 

6) Centum Electronics (+10%) galloped to fresh all-time-high after the company entered into a memorandum of understanding (MoU) with Bharat Electronics (BEL) to jointly develop advanced defense electronics solutions.

 

7) Reliance Industries (+2.5%) was star outperformer after the company said its Jio has scraped 1 GB/day plan.

 

8) Nifty Auto index continued to be on top gear, up around 5% and  above its 10-month high after media report on small car tax cut proposal. Also, helping sentiments were China assuring India to address its concerns over rare earths.

 

Maruti scaled fresh all-time-high, so did Ashok Leyland, Eicher Motors and TVS Motors.

 

MARUTI (+10.9%)

NESTLE (+6.75%)

HEROMOTO CORP (+6.16%)

HUL (+6.03%)

BAJAJ AUTO (+5.67%)

 

ITC  (-3.2%)

BEL (-2.61%)

COAL INDIA (-2.6%)

LARSEN (-2.2%)

JIO FINANCIAL (-2.08%)

 

 

# The big question on every investor’ mind for next week’s trade would be: Free Fall or Dead Cat Bounce or Robust Rally Ahead?

 

# Nifty’s technical view: The interweek/intermonth continues to be positive despite Friday’s drubbing with key supports to watch at Nifty’s 100 -DMA at 24633 mark. On the upside, Nifty will face its 1st hurdles at last week’s high at 25154 mark and then all eyes on Nifty’s June 30th high at 25670 mark.

 

# Bank Nifty’s technical view: The technical landscape continues to look ugly as the benchmark continues to trade below its 21 DMA (55706),  50 DMA (56283) and 100 DMA (55361).

 

That said, a near term bounce can’t be ruled out  amidst technical oversold conditions. Bank Nifty’s immediate support is placed at its 200-DMA placed at 52858 mark, hence, buying on sharp declines should be the preferred trading strategy in case of Bank Nifty.

 

# Our call of the week suggests to keep a close eye on the biggest headwind for the Week Ahead: Can Nifty climb the ‘Wall of Worry’ of 50% Trump’s tariff to come into effect this August 27th?

 

# Long Story Short: Expect volatility to be the hallmark of next week’s trading and hopefully, the downside is protected amidst rock solid strong leads from Wall Street. 

 

# The Positive Catalyst: Federal Reserve Chair Jerome Powell has signalled that the central bank could be edging closer to lowering interest rates, even as he warned of the difficult economic backdrop confronting policymakers.

 

 

Fingers crossed.

 

 

 

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Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.