WEEKLY TRENDSETTER ( OCT 17,2025)
| 2025 | OCT 3 | OCT 10 | Ch % |
| NIFTY | 24894 | 25285 | 1.57 |
| BANK NIFTY | 55589 | 56609 | 1.83 |
| USD/INR | 88.74 | 88.64 | -0.15 |
MARKET REVIEW-As the indices indicate, the week gone by was a decent one though the broader market was not convincing enough. With mega IPO s like Tata Capital and LG Electronics the primary market was more in focus. However, the weekend again saw Trump getting into the act by slamming 100% tariff on all import of goods from China which spooked US markets. This was supposed to be a retaliatory measure as China has apparently restricted quantity of export of rare earth to US. Thus, the opening next week could be subdued for world markets.
INTERESTING CUES
TCS to create 5,000 jobs in UK over next three years
The company also launched an Artificial Intelligence (AI) Experience Zone and Design Studio in London.TCS has also created employment in the country, supporting around 42,000 jobs directly and indirectly.
The AI Experience Zone and London Design Studio is the second-biggest design hub. A similar hub was opened in New York in September. These design hubs are similar to its flagship PacePort facility which plays a key role in fostering innovation and client collaboration across the UK.
Google to invest ₹ 88K cr in data centres, AI in Vizag in 3 yrs
Andhra Pradesh Chief Minister N Chandrababu Naidu announced that tech giant Google would invest ₹ 88,000 crore over three years in data centres and artificial intelligence (AI) projects in Vizag.This would be the single largest investment since the introduction of financial reforms in independent India.
Google subsidiary Raiden Infotech India Ltd will make this investment, developing three campuses across 3 districts in Vizag.
Gold still close to Indian hearts
Indian households hold 34600 tons of gold as of June 25 valued at $3785 bn and is 3 times more than equity stock holding they hold. This is as per a Morgan Stanley research report. Even deposits holding is at 20% compared to equity which still trails at 3.2%
NIFTY –The index managed race past 25000 early week and closed at the high point closer to 25300.It is still shy of 150 points of the Sept high. For the coming week despite a US correction, the index is likely to hold on to the support of 25000.A close past 25500 should put it on course towards higher levels.
BANK NIFTY-The private banks along with the PSUs put up a stellar show as the index managed to close above 56600.For the coming week levels of 55800-56000 could provide support which a dash towards 57000 could probably come towards the latter half of the week.
STOCK PICKS
Karur Vysya Bank (226) -It has been one of the resilient banking stocks in the past few months. With good intermediate support at around 200-210, the scrip has been witnessing accumulation and could head towards levels above 250 in the coming weeks.
Yes Bank (24) -The stock which saw a heavy correction from 300 to 10 has seen steady accumulation in the past few months. It enjoys good support at around 18-20 and could see a strong revival in the coming months and could head towards levels of 35-40.
Wishing all readers a great week ahead!
Note: Any queries /clarifications may be addressed to stockmasala@gmail.com .
Krish Subramanyam