Index Update: The Nifty 50 declined 1.10% on Friday to close at 24,008.00 but held above key moving averages, indicating underlying strength after breaching a descending trendline. The RSI at 53.88 reflects mild bullish momentum, keeping the outlook constructive. As the index approaches a critical breakout zone, monitoring support and resistance levels is crucial. Traders should stay alert for potential short-term volatility despite the overall positive trend.

Macro Update: DBRS Morningstar upgraded India’s long-term foreign issuer rating to BBB with a stable outlook, citing strong growth, fiscal consolidation, and banking sector resilience. Reforms, infrastructure push, and digitalization have driven a robust 8.2% GDP average (FY22–FY25). NPA levels hit a 13-year low, boosting financial sector confidence.

Top Market Movers: On Friday, Titan Company Ltd (NSE: TITAN) led the gainers with a 4.18% increase, closing at INR 3,510.30 followed by Tata Motors Ltd (NSE: TATAMOTORS) up 3.76% at INR 708.50, and Larsen and Toubro Ltd (NSE: LT) which rose 3.61% to INR 3,443.90. On the downside, ICICI Bank Ltd (NSE: ICICIBANK) saw the largest drop, falling 3.25% to INR 1,388.90, followed Power Grid Corporation of India Ltd (NSE: POWERGRID) down 2.90% to INR 299.30 and Grasim Industries Ltd (NSE: GRASIM), which dropped 2.37% to INR 2,634.80.

Commodity Update: The dollar rose for the week amid fading U.S. rate cut bets and optimism from a U.S.-UK trade deal, boosting hopes for U.S.-China talks. Gold dipped 0.02% to $3,305.60, silver fell 0.21% to $32.55, and copper slid 0.51% to $9,388.60. Brent crude edged up 0.20% to $62.95, tempered by dollar strength. Geopolitical tensions flared as India and Pakistan saw their worst clashes in decades.

Our Stance: Despite short-term volatility from escalating Indo-Pak tensions, India's market shows resilience. The Nifty holds above key moving averages, indicating strength. DBRS' sovereign rating upgrade highlights India's strong growth, fiscal consolidation, and banking sector resilience. Caution is advised near breakout zones, but the overall market trend remains positive.

Disclaimer:

The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.

Copyright 2025 Krish Capital Pty. Ltd. All rights reserved. No part of this website, or its content, may be reproduced in any form without our prior consent.