WEEKLY TRENDSETTER ( SEPT 12,2025)
| 2025 | AUG 29 | SEPT 5 | Ch % |
| NIFTY | 24426 | 24741 | +1.29 |
| BANK NIFTY | 53655 | 54114 | +0.86 |
| USD/INR | 88.19 | 88.27 | +0.09 |
MARKET REVIEW-The market clawed back to recover some of the previous losses though higher levels attracted profit -booking. The much-expected GST relief was on expected lines. However, it was a classic case of “sell on news” as the cheer followed by a gap up opening was sold into.
INTERESTING CUES
Vedanta outbids Adani s offer for Jaiprakash Associates
The Anil Agarwal led company emerged as a top bidder to acquire the beleaguered JP Associates with an offer of Rs 17000 cr. Lenders to JP will still have to take a haircut of 71% as a total of Rs 59000 cr has been lent to the company. For Vedanta, clinching Jaiprakash could reshape its portfolio, adding a new growth engine in housing and infrastructure at a time when India’s economy is expanding at the fastest pace among major economies.
Kaynes Semicon ties up 100% of its capacity with global, Indian firms
In the fast-developing semiconductor story, Kaynes is witnessing demand outstripping supply as it is now planning a 3rd plant for manufacture of 2.3 bn chips as its existing capacity of 4.6 bn is already booked by leading players like Infineon, Alpha & Omega Semiconductor from US and Fujitsu from Japan. Talks are with the users to put in equity for the reserved capacity which will take care of funding as well as assured tie up for supply.
NIFTY –The index which closed on the brink for the previous week managed to recover and several beaten down counters saw buying support from lower levels. However, 25000 still remained elusive and the index slipped back from 24970. It is trying to find a bottom close to 24500. Thus 24300-500 will act as support in the coming week as well and 25000 should remain a resistance.
BANK NIFTY-The index managed to survive 53500 for the week as a modest short covering rally ensured a close above 54000. While 53500 continues to be a support levels 54800 should attract sellers.
STOCK PICKS
Bliss GVS (156)-The stock saw a smart rise from 110 to 190 in the past few weeks before correcting. However, levels of 150-55 should be ideal for accumulation for a possible target of 175 in the coming weeks.
Indo Nippon Electrical-(883)-The stock has been on a rally mode in the past few weeks and closed at an all time high for the week. An inverted head and shoulder pattern on the monthly chart augers well for the long term. Accumulation could be considered for a possible target of 1000 in the coming weeks.
Wishing all readers a great week ahead!
Note: Any queries /clarifications may be addressed to stockmasala@gmail.com .
Krish Subramanyam