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Indian equities ended the week on a strong note, with the Nifty 50 closing at 25,285, forming a long bullish candle that signaled strengthening momentum.
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Bank Nifty and Nifty IT outperformed Nifty last week, with Bank Nifty showing a trend reversal and potential for new all-time highs, while Nifty IT staged a modest comeback. Tata Communications structural breakout suggests a medium-term rally toward Rs 2,300. BSE shares continue momentum, and top stock picks include Nykaa, Indigo, and FedBank, all showing strong technical setups for short- to medium-term gains.
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Bitcoin extended its sharp sell-off, tumbling 8.4% to $104,782 after U.S. President Donald Trump imposed 100% tariffs on Chinese tech exports and tightened software controls. The announcement triggered a $19 billion wipeout across the cryptocurrency market, liquidating over 1.6 million traders. Ethereum, XRP, and Binance Coin also plunged, while experts see short-term pressure but a bullish long-term outlook.
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