WEEKLY TRENDSETTER (JULY 3,2025)
| 2025 | JUNE 20 | JUNE 27 | Ch % |
| NIFTY | 25112 | 25638 | 2.09 |
| BANK NIFTY | 56253 | 57443 | 2.12 |
| USD/INR | 86.61 | 85.53 | -1.25 |
MARKET REVIEW-The week began on a nervous note but the sudden ceasewire between Israel and Iran soothened frayed nerves and the bulls were just waiting for such a tonic of good news. By end of week the Indian markets along with the global markets were in fine fettle and there was cheer all around.
INTERESTING CUES
Jio Blackrock gets SEBI s approval to launch broking services
Along with the recent regulatory approvals received by Jio BlackRock Asset Management Pvt Ltd and Jio BlackRock Investment Advisers to commence operations, the receipt of the broking license enables the Jio BlackRock joint venture to offer holistic investment solutions. The broking industry is already going through fierce competition with the entry of discount brokerages. Though the market still looks for a strong growth ahead with more and more retail participation, the Reliance group with financial muscle will further look to disrupt broking services.
JSW Paints to buy 75% stake in Akzo Nobel for Rs 8986 cr
The Duplex brand is coming under the fold of the JSW group. Paints & coatings is one of India’s fastest-growing sectors. However, the paints market is getting into a consolidation mode with the entry of the Birlas and Jindals.The growth of the industry is still intact with the paints industry poised to grow from Rs 62000 cr to over Rs 1 lac cr in the next 5 years .However the competition is already visible as fierce competition and aggressive market spending have squeezed margins from 18%(FY20-24 )to 14% projected by FY26.Volumes growth should ideally compensate for falling margins.
IPO frenzy in July
Close of the heels of the high profile HDB Financials which closed yesterday, several such issues like Crizac, Tata Capital, NSDL are lined up for next month. A host of SME issues are also expected to hit the market. Investor appetite for these issues is very high going by the subscription levels.
NIFTY –The index dipped to 24800 in the beginning of the week. However, with improvement in sentiments followed by short covering it broke past the resistance of 25200 and closed well above that at 24638.Any correction should now see support emerging at around 25250-25300 levels. Levels of 26000 should ideally be round the corner after some consolidation.
BANK NIFTY-The index touched an all -time high of 57475 and closed for the week just a shade below that. The momentum is clearly back with the index and any correction should see support emerging around 56800 levels. On the higher side it looks well poised to touch 58000 in the days to come.
STOCK PICKS
Chennai Petro (683)-The stock has seen good support at around 650 levels and now looks poised to break past 725. Levels of 750-75 could be seen in the coming days where profit taking could be considered.
KPR Mills – (1141)-The stock after touching a life time high of 1395 retraced to 1061.Liquidity levels are low and one could accumulate the stock for a possible target of 1250. The stock is also a good long-term bet
Wishing all readers a great week ahead!
Note: Any queries /clarifications may be addressed to stockmasala@gmail.com .
Krish Subramanyam