Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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June 16, 2025

• NIFTY OUTLOOK: 24718.60
• FII: -1263.52 cr  DII: 3041.44 cr
• (For the week: 16th – 20th June 2025)
• As discussed in the report dated 9th June 2025, market behaviour remained on expected lines last week. Nifty made several attempts to break above 25170 but failed, slipping to a low of 24473. However, it managed to defend the crucial support at 24671 and closed the week at 24718.60.
• A bearish Dark Cloud Cover pattern on the weekly chart suggests weakening bullish momentum, with bears gaining control. A decisive breakdown below 24549 may drag Nifty further down to 24381–24213, and if supply increases, it could test 24043.
• For upside, 25057–25225 will act as immediate resistance. Sustained breakout above this zone may push Nifty to 25393. A minor resistance is expected near 24887 between the broader range of 24718–25057.
• Bank Nifty OUTLOOK:
• Spot: 55527.35  PCR: 0.68 Max CE OI: 56000  Max PE OI: 56000
• On 13th June 2025, Bank Nifty closed at 55527.35, down 0.99% from the previous day. The index moved 538.70 points during the session, hitting a high of 55688.00 and a low of 55149.30.
• Technical View on Daily Chart
• On the weekly chart, Bank Nifty has important support at 55010 and resistance at 56050. On the daily chart, support lies at 55300 and resistance at 55700.
• Trading Strategy for Today:
• Go Long above 56100 with Stop Loss: 55800, Target: 56570
• Go Short below 55000 with Stop Loss: 55200, Target: 54480
• RSI: The Relative Strength Index stands at 51, indicating a neutral zone. (Below 30 is considered oversold; above 70 is overbought.)
• Bank nifty Day SMA Analysis:
• Bank nifty is trading above 5 out of 8 SMA’s (30, 20 50, 100, 150, 200 Day).
• Bank nifty is trading below 3 out of 8 SMA’s. (5, 10 20 Day)
• Bullish candlestick Pattern was identified in bank nifty.
• • Belt Hold Pattern
• Macros.
• 1.Dollar index @ 97.75
• 2.Vix @ 20.82
• 3.Crude @ 74.23
• 4.10 years @ 4.408
• Note:
• The biggest news over the weekend was the war between Iran and Israel, with both sides bombing key sites including nuclear facilities and oil refineries. If the conflict prolongs, it could severely impact equity markets globally.
• Iran has closed the Strait of Hormuz, a key route that handles 20–25% of global crude oil transport. Any disruption in supply may cause crude prices to surge, pushing inflation higher and impacting various economic activities. Rising gasoline prices could further worsen inflation.
• On the tariff front, China has affirmed its trade deal with the U.S., stating it always honors its commitments. Additionally, China announced the removal of all tariffs on African exports, aiming to boost trade with 53 African nations. The new pact extends duty- and quota-free access not just to LDCs, but also to middle-income African countries, as China tries to offset tensions with the U.S.
• Investors should remain cautious and closely watch the evolving Middle East situation over the next 2–3 days.
• As far as Indian equities are concerned, any dip of 5–6% in Nifty could be a good opportunity to accumulate quality stocks.
• Contributed by
• Ashok bhandari : INH000019549
• -------------------------------------xxxxxxx-------------------------------------------------------------------xxxxxxx---------------------------------
• News Headlines from Business News Agencies:
• Business Standard
• Rupee underperforms Asian peers in June so far despite weak US dollar
• Microfinance industry refashions itself amid opportunities and challenges
• Govt plans to amend refund provision in new Income Tax Bill, 2025
• HBL Engineering bags ₹132.95 cr railway contract for Kavach safety system
• Sebi resolves over4,400 complaints through SCORES portal in May
• Tata Steel aims 15 MT production via recycling in 10-15 yrs: CEO Narendran
• Build good external relations for steady supplies of critical materials
• MSC Bank sets up country's first cyber security operations centre
• CAG forms separate vertical for auditing of 1,600 state public sector units
• Grainspan invests ₹520 cr in ethanol units, benefits from govt's subsidy
• Economic Times
• Shortage of rare earth magnets can decelerate India's automotive ride, Crisil says
• MMRDA secures 430 acres land in Thane for largest integrated metro hub
• Govt must urgently review energy risk scenarios due to Iran-Israel war: GTRI
• Maruti Suzuki collaborates with Equitas Small Finance Bank to expand retail car financing network
• Kolkata port records strong cargo growth in April-May amidst geopolitical tensions
• Credit costs expected to rise in FY26 amid unsecured loan, microfinance strain: Report
• ITC completes acquisition of 24 Mantra Organic brand owner Sresta Natural
• Assam: Gas leak continues at ONGC well after three days of blowout, 70 families shifted
• Sun Pharma gets eight observations from USFDA for Halol plant
• DLF to invest Rs 5500cr to build new luxury housing project in Gurugram
• Mint
• Monsoon gathers pace, heat relief likely in north India: IMD
• India’s household savings show a sustained fall; liabilities rise: CareEdge
• IndoSpace appoints Stellar Value Chain founder Anshuman Singh as MD and CEO
• IAEA confirms critical damage to Iran’s nuclear facilities
• Nepal begins export of power to Bangladesh via Indian power grid
• AIFs gain traction as investments rise 32 pc to ₹5.38 lakh cr by March 2025
• AC makers lower sales projection to 10-15 pc for 2025 despite spike in June numbers
• Centre may restrict fiscal deficit to 4.2%-4.3% of GDP
• As govt mulls easing norms for local telecom gear makers, GX Group flags import surge risk
• HSBC Hastens Search to Find Next Chairman as Tucker’s Exit Nears
• BEAT THE STREET BULLETIN
• Date: 15-Jun-2025
• Telegram: [t.me/beatthestreet10]
• ORDER WIN
• DIAMOND POWER: Secures ₹116.71 Cr cable orders from Adani Green and others for infra, highways, and BESS.
• HBL ENG: Bags ₹132.95 Cr Kavach safety order from South Central Railway for 446 km track and 48 stations.
• HBL ENGINEERING: Wins ₹30.67 Cr Kavach upgrade order over 350 km from South Central Railway.
• ALMONDZ: Subsidiary wins ₹14.2 Cr consultancy order for Vindhya Expressway from UPEIDA.
• WINSOL ENGINEERS: Bags ₹10.36 Cr EPC order from Juniper Green Energy for wind project in Gujarat.
• B R GOYAL: Secures ₹4.22 Cr roadwork order from NHDC near Omkareshwar, MP.
• SHIVALIC POWER: Wins ₹2.26 Cr order for PCC & MCC panels from major distillery, delivery by Aug 2025.
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• ACQUISITION
• BLUE CLOUD: To acquire U.S.-based AIS Anywhere via ₹730 Cr share swap to boost global AI & cybersecurity.
• ITC: Acquires 100% of Sresta Natural Bioproducts for ₹400 Cr plus ₹72.5 Cr earnout, strengthening organic food play.
• AUTHUM INVESTMENT: Acquires 3.43% stake in OneSource Specialty Pharma for ₹796 Cr.
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• COLLABORATION
• ANLON TECH: Partners with Italy’s Bonino to bring precision agri-machinery to India.
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• LEADERSHIP CHANGES
• EVEREST INDUSTRIES: CEO Rajesh Joshi resigns, effective Sept 12, 2025; no successor named.
• EICHER MOTORS: Chief Program Manager Simon Warburton retires after 10 years of service.
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• NEW PROJECTS
• ARKADE DEVELOPERS: Enters Thane with ₹2,000 Cr mixed-use project on 6.28-acre land.
• AMBER ENTERPRISES: To invest ₹6,000 Cr in mega electronics plant near Jewar Airport.
• LEMON TREE: Signs license deal for new hotel in Itanagar, Arunachal Pradesh.
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• FUNDRAISING
• KELLTON TECH: To raise ₹69.3 Cr via preferential issue of 55L warrants; also announces 1:5 stock split.
• SPICEJET: To restructure \$121M lease debt through equity issuance at ₹65/share.
• RACE ECO: Infuses ₹5 Cr in GEM Polymers, increasing sustainability and vertical integration.
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• CREDIT RATINGS
• *(No updates for this section today)*
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• FII STAKE CHANGES / BOUGHT-SOLD
• ITC HOTELS: BAT may begin phased sale of 14.55% stake post demerger.
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• IPO
• JEENA SIKHO: Auditor certifies ₹55.5 Cr IPO funds utilized as per revised shareholder approvals.
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• Q4 / BUSINESS UPDATE
• SPICEJET: Q4 net profit jumps 2591% YoY to ₹342 Cr; EBITDA turns positive to ₹73.3 Cr vs ₹235 Cr loss YoY.
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• USFDA / REGULATORY
• NATCO PHARMA: Gets single Form 483 observation at Mekaguda API plant; non-critical.
• SYNGENE: Clears USFDA inspection at Semicon Park with zero observations.
• SUN PHARMA: Receives 8 FDA observations at Halol unit, raising compliance concerns.
• DISHMAN CARBOGEN: Clears USFDA inspection at Naroda facility with no observations.
• ---
• CLARIFICATION
• SCI: Receives ₹23.07 Cr GST demand order; evaluating legal options, no provision made.
• ADANI PORTS: Clarifies ₹1,199/share preferential allotment to CRPSHPL meets SEBI valuation norms.
• ---
• LAUNCHES
• ZODIAC ENERGY: Commissions 3 solar plants in Gujarat totaling 1.85 MWp capacity.
• RAM RATNA WIRES: Starts commercial production at new Bhiwadi plant from June 13, 2025.
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• INCORPORATE / CORPORATE STRUCTURE
• ALGOQUANT FINTECH: Incorporates stock broking subsidiary Algoquant Global Securities Pvt Ltd.
• AUROBINDO PHARMA: Sets up U.S. subsidiary CRESEDEMO PHARMA LLC with \$10K capital.
• ADANI ENTERPRISES: Forms new defence arm Astraan Defence Ltd via Agneya Systems.
• INOX WIND: Completes merger with Inox Wind Energy, effective June 13, 2025.
• VALOR ESTATES: Gets NCLT nod for amalgamation with Esteem Properties and hospitality demerger into Advent Hotels.
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• IT NEWS
• KELLTON TECH: Approves ₹69.3 Cr fundraise and 1:5 stock split; EGM on July 11, 2025.
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• TAX ORDER
• NUVOCO VISTAS: Faces ₹727 Cr hit after WB govt revokes industrial incentives retroactively.
• @beatthestreet10
• ---
• ADDITIONS
• NTPC: NTPC-Mahagenco consortium wins bid for Sinnar Thermal Power Ltd under CIRP.
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• OTHERS
• RAMKRISHNA FORGINGS: Corrects ₹2,206 Cr inventory overstatement; net worth hit of ₹202 Cr.
• PASUPATI ACRYLON: Fire disrupts operations at Thakurdwara plant; damage under assessment.
• R R KABEL: Faces ₹25 Cr lawsuit from ex-CEO Dinesh Aggarwal over alleged wrongful termination.
• SRI ADHIKARI BROTHERS: Gets open offer at ₹10/share from Kurjibhai Rupareliya & Leading Leasing Finance; promoter to exit.
• ADANI PORTS: Iran targets Tel Aviv, Haifa in drone/missile strike, reports IRNA.
• ---
• STAY UPDATED WITH BEAT THE STREET
• For more updates, join our Telegram channel: [t.me/beatthestreet10]
• @beatthestreet10
• The President of the UAE and the British Prime Minister affirm the importance of intensifying de-escalation efforts and adopting diplomatic solutions and dialogue to resolve crises in a way that preserves regional security and stability
• @beatthestreet10
• Iranian air defenses repel new Israeli attacks east of Tehran.
• @beatthestreet10
• Israel Broadcasting Authority: Two buildings hit in Haifa
• @beatthestreet10
• Israeli Chief of Staff to Israelis: Anyone who touches you will pay a heavy price everywhere and in every arena.
• @beatthestreet10
• Donald Trump vetoed Israel plan to kill Iran's Supreme Leader, says US official - ARAB NEWS
• @beatthestreet10
• ADANI PORTS ; ADANI GROUP CFO Denies news Reports of Indian company Adani's cargo facility worth $4.2 Billion in Israel's Haifa port, destroyed by Iranian strikes.
• @beatthestreet10
• Iranian media announces new missile attacks on Israel and advises Israelis to stay away from vital areas.
• @beatthestreet10
• NSE International Exchange signed a Memorandum of Understanding (MoU) with Cyprus stock exchange in the presence of Hon'ble Prime Minister of India, Shri Narendra Modi ji, and H.E. Mr. Nikos Christodoulides at Limassol, Cyprus today.
• @beatthestreet10
• STL launches new generation of data centre solutions.
• New data centre solns will cater to hyperscalers, colocation players, telcos - CNBCTV 18
• @beatthestreet10
• PI INDUSTRIES:
• Morgan Stanley maintains Overweight rating; raises target price to ₹5000 from ₹3524.
• NAVIN FLUORINE:
• Maintains Equal-weight rating; target price increased to ₹4160 from ₹3242.
• SRF:
• Maintains Underweight rating; target revised to ₹2150 from ₹1870.
• TATA CHEMICALS:
• Maintains Underweight rating; target price hiked to ₹839 from ₹780.
• DEEPAK NITRITE:
• Maintains Overweight rating; target price cut to ₹2265 from ₹2421.
• @beatthestreet10
• ASIAN PAINTS : 85 lakh shares worth ₹1,876 cr change hands in block deal window
• @beatthestreet10
• China's steel production in May fell by as mills responded to the government’s pledge to cut production.
• Crude steel output fell by 6.9% y/y, the weakest performance in seven years for May, a month that often marks a high-point in annual production, pushing output 1.7% lower over the first five months.
• @beatthestreet10
• ISRAEL-IRAN IMPACT: CHEMICALS SECTOR
• METHANOL IMPORTERS:
• BALAJI AMINES, ALKYL AMINES, JUBILANT INGREVIA, AARTI INDUSTRIES may face input cost pressures.
• METHANOL MANUFACTURERS:
• DEEPAK FERTILIZERS, GNFC, RCF likely to benefit from higher prices.
• ACETIC ACID:
• Importers like JUBILANT INGREVIA, LAXMI ORGANIC may be impacted.
• GNFC gains as domestic producer.
• LNG & GAS IMPORTERS:
• GAIL, PETRONET LNG, IGL, MGL, GUJARAT GAS could see margin pressure due to price volatility.
• @beatthestreet10
• ISRAEL-IRAN IMPACT: SECTOR-WISE STOCK OUTLOOK
• RICE STOCKS
• LT FOODS, KRBL may face pressure due to large export exposure to Iran.
• ADANI PORTS (Neutral)
• Haifa port operations remain unaffected despite Iranian missile strikes.
• SHIPPING STOCKS
• GE SHIPPING may benefit as oil tanker rates expected to rise 15–30%.
• DEFENSE STOCKS
• BHARAT DYNAMICS gains from missile supplies to Israel.
• HAL, BEL, GRSE, MAZAGON, COCHIN SHIPYARD likely to see positive sentiment.
• @beatthestreet10
• STERLITE TECH:
• STERLITE TECH launches AI-optimized data centre solutions and partners with Tech Data for India expansion.
• Products target hyperscalers, enterprises, telecoms; meet global standards with 25-year warranty.
• Net Impact: Positive – Boosts portfolio and strengthens presence in AI-driven data centre market.
• @beatthestreet10
• TATA MOTORS; JLR GUIDES FOR LOWER EBIT MARGINS FOR FY26
• FY26 GUIDANCE AT 5-7 % V 8.5 % IN FY25
• @beatthestreet10
• TATA MOTORS JLR GUIDANCE
• FY26 EBIT in the range of 5% to 7%
• FY26 Free cash flow close to zero.
• Improving year-on-year for FY27 and FY28
• Enterprise missions (excluding tariffs) will progressively deliver £1.4b per annum
• Builds over time to offset residual tariff, foreign exchange and China risk
• Allows for return to 10% EBIT
• @beatthestreet10
• BELRISE IND Q4 ; NET PROFIT AT 110 CR V 16.3 CR YOY
• REVENUE AT 2274 CR V 1526 CR
• BELRISE Q4 ; EBITDA AT 277 CR V 180 CR YOY
• MARGINS 12.1 % V 11.7 %
• @beatthestreet10