WEEKLY TRENDSETTER ( JUNE 19 ,2026)
| 2026 | JUNE 5 | JUNE 12 | Ch % |
| NIFTY | 23366 | 23623 | 1.10 |
| BANK NIFTY | 54496 | 56814 | 4.25 |
| USD/INR | 94.95 | 94.83 | -0.13 |
MARKET REVIEW-The market opened on a weak note for the week and was volatile for most part of the week before a smart recovery was seen on the back of US Iran ceasefire plan. The fragile nature of the peace seen in the last few weeks still haunts the market but the recovery was welcome.
INTERESTING CUES
AI hedge fund (Situational awareness LP )delivers triple digit return
From $225 mn the fund swelled to $15 bn in less than 2 years. This has been achieved by a 24-year novice without any prior experience in fund management but with some prior experience in Open AI. The fund has also reportedly bought put options on semiconductor-related stocks and ETFs, including NVIDIA, SMH, Broadcom and AMD. These positions can help protect the portfolio if chip stocks fall.
Recent regulatory filings suggest the fund runs a highly concentrated portfolio, meaning it places large bets on a relatively small number of ideas. Reports also indicate that its stake in Anthropic may account for roughly 20% of total assets.
With AI being extensively used the trend of such aggressive fund management is likely to accelerate in the coming years.
China’s policy makers foresight ensures sharp drop in oil imports in the recent years
China’s crude imports fell to 7.8 million barrels a day in May, down from around 11 million barrels a day in recent years. Remarkably, the decline has occurred with little visible disruption to everyday life in China, with tourists still travelling, factories still running and store shelves well stocked. Chinese consumers have shifted from gasoline-powered cars to electric vehicles and from short-haul flights to high-speed rail. During the May Day holiday period, air passenger traffic fell 5.7% year-on-year while rail traffic rose 4.6%, according to China’s Ministry of Transport.
EV charging volume on highways surged 53% during the same period according to the National Energy Administration. This sharp reduction in oil imports was largely responsible for crude price not spiralling out of control in the ongoing US Iran war though it did go past $110 briefly.
NIFTY –The index struggled for most part of the week and infact breached the 23150 level as well but staged a strong recovery from levels of 23050.Shorts in the Nifty could trigger short covering in the coming weekly expiry if the positive mood continues and 24000 is a possibility while 23300 will again act as a support.
BANK NIFTY-The index showed remarkable strength as it gained 4% which was largely due to the participation of private sector banks like ICICI Bank and HDFC Bank. It has settled well above 55000 and infact within touching distance of 57000 which is the 200 dma. Any correction should find support around 55200.
Is pathology sector witnessing a silent boom?
This sector is relatively new to Indian capital markets with 4-5 companies making their presence felt. The sector witnessed a boom during Covid and with lifestyle related illnesses on the rise as well as increasing health consciousness, the sector is expected to see growth accelerating in the coming years at the rate of 11% p.a. Organized sector still accounts for only 15% of the market. The early entrant advantage is likely to ensure brand consciousness as these companies expand into Tier-2 and Tier-3 cities.
Wishing all readers a great week ahead!
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Krish Subramanyam
DISCLAIMER: Kindly note that I am not SEBI registered and the above content is for educational/informational use only and users should consult a registered professional before investing.