Angel One

Angel One

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Angel One
Angel One
May 10, 2025 at 03:36 PM
*💫Market Metrics: Weekly Roundup* ⭐ Sensex: 79,454.47 ⭐ Nifty 50: 24,008.00 ⭐ Nifty Bank:53,595.25 ⭐ Nifty Smallcap 100: 16,085.65 ⭐ Nifty Midcap 100: 53,223.35 ---------------------------------------- *✨Market Performance Key Takeaways For The Week* 🌟NIFTY 50 snapped its 3-week positive streak, ending the week 1.39% lower near the 24,000 mark, as escalating geopolitical tensions weighed on sentiment and led to a volatile trading environment. 🌟 The index strugled to surpass the key resistance level at 24,600, with Friday's gap-down opening reinforcing market caution. Supportis now placed at 23,800, with further downside risk towards 23, 600-23,500 if selling pressure intensifies. 🌟 BANKNIFTY posted a significant 2.76% drop, closing near 53,595 as sellers dominated the week. he index formed a bearish pattern of lower highs and lower ows reflecting growing weakness. 🌟 With the index slipping below the 20-DEMA at 53,868, immediate support is now seen at 53,000-52,750, while resistance is expected around 54,000-54,200 in case of a recovery attempt. ---------------------------------------- *✨News Highlights For The Week* 🌟Equity mutual tund inflows drop to a one-year low in April, signalinginvestor caution despitea 50-month streak of positive inflows. 🌟 Yes Bank shares surge 10% after Japan's SMBC announces plans to acquire a 20 % stake for $1.58 bilion s Supreme Court annuls JSW Stee's 2019 acquisition of Bhushan Power & Steel 🌟 SMBC to acquire 20% stake in Yes Bank for $1.58 billion, arking the largest cross-border M& A dealin India's financial sector 🌟 Coalindia signs MoU to supply 4,500MW of renewable energy to AM Greer's green ammonia faicilities Dislalmer: hts/bit.ly/3usSGoH Date: May O9, 2025 Sources: Angel One Research| Mint | Reuters |Financial Times
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