Market View 13th June, 2025

View on market: Volatility persists, eagerly searching for growth

Asian markets fell sharply as investors reacted to Israel’s airstrikes on Iran, causing global tension and raising concerns over regional stability. The Israeli government declared a state of emergency, intensifying fears about Iran’s nuclear program and putting pressure on already fragile diplomatic talks. This prompted a global shift towards safer assets like US Treasuries. In India, markets also dropped significantly after a tragic crash involving an Air India flight shortly after takeoff from Ahmedabad. The incident led to widespread shock and added to negative investor sentiment, reversing a week of market gains. Despite geopolitical concerns, US markets managed a modest recovery. Key indices in the US posted small gains, supported by inflation data that showed only slight increases in producer prices. Investors remained cautious, however, especially as former President Trump voiced fresh criticism of the Federal Reserve’s interest rate decisions, though he backed away from replacing the current Fed chair for now. Markets remain sensitive to global developments.

Economic Calendar:

• USD: Export and Import Price Index (MoM) (May) on 17^th June 2025.
• IND: Import and Export Data on 13^th June 2025.
• USD: Monetary Policy on 18^th June 2025.
• IND: WPI Inflations (YoY) (May) on 16^th June 2025.

IPO Watch:

Brokerage Radar:

BOFA ON INDIA AUTOS:

Commentary on domestic demand modest across auto sub segments, Some cost pressures building up near term on metals/regulations, Most companies have rare earth material stock to navigate near term, Limited confidence on quick resolution for rare earth is a risk to EV scale up plans.

CLSA ON INDIA OIL AND GAS:

Expensive LNG is hurting India’s gas demand, Overall gas demand is falling 8% YoY, and LNG imports are down 13% YoY in April 2025, This is impacting Q1FY26 volume growth for GAIL, GSPL, and Petronet LNG, Domestic gas production also fell 2% YoY in April, ONGC’s output down 4% YoY.

ANTIQUE ON MOIL:

Buy, target raised to 434 vs ₹385 (at 6.5x FY27E EV/EBITDA), Record production in Apr-May’25; FY26 guidance of 2.5 MT on track, 1QFY26TD witnessed the best-ever production; outlook remains strong, Muted realizations in 1QFY26 due to price cuts.

NUVAMA ON COAL INDIA:

Reduce, target cut to ₹367 vs ₹405, Volume growth missing; long-term volume growth too at risk, weak volume performance and rising cost outlook dim growth visibility, Sales volume down ~4.7% YoY in Apr-May’25; captive players gaining share.

International Markets:

U.S & Europe:

*As per 13^th June.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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