Market View 16th June, 2025

View on market: Volatility persists, eagerly searching for growth

Stocks rose on Monday, recovering some of the losses from recent sessions. Investors also moved their money into safe-haven assets like gold and oil, as tensions between Israel and Iran continued. Over the weekend, Israel carried out fresh attacks, including one on a major gas field in Iran, which pushed oil prices even higher. Last week, markets had reacted strongly to the growing conflict. On Friday, oil and gold prices went up, but stock markets fell due to concerns over the escalating situation. In India, key stock indices dropped for a second day, ending the week lower as volatility increased. In the US, stocks also declined on Friday after Israel’s attacks on Iran’s nuclear facilities. This marked the worst session in several weeks. However, inflation data for May showed little change, suggesting that recent tariffs have not yet led to higher costs for consumers and businesses. Despite the uncertain environment, some investors saw Monday as a chance to buy after the earlier decline.

Economic Calendar:

• USD: Export and Import Price Index (MoM) (May) on 17^th June 2025.
• IND: WPI Inflations (YoY) (May) on 16^th June 2025.
• USD: Monetary Policy on 18^th June 2025.
• IND: Foreign Reserves  on 20^th June 2025.

IPO Watch:

Brokerage Radar:

JEFFERIES ON SAI LIFE:

Maintain Hold with target price of Rs 800, Seeing strong CDMO traction with multiple development projects and rising Big Pharma interest in India, CRO revenues have tripled since FY20 and growth is expected to remain resilient, CDMO capacity is expected to expand by ~50-60% over the next two years.

JEFFERIES ON INDIGO:

Maintain Buy with target price of Rs 6,300, Management reiterated long-term tailwinds for aviation growth in India, Focus on cost leadership and timely ordering of the fleet, amid the consolidation space, International segment is a key growth lever with new fleet.

CITI ON HDFC BANK:

Maintain Buy with target price of Rs 2,200, Management reaffirms belief that Growth/RoE gap vs peers is poised to narrow, EBLR portfolio repricing to weigh on NIMs in H1; levers available to partially offset the impact in H2, Re-iterates to exit FY26 advances growth in-line with system’s growth.

JEFFERIES ON INDIAN HOTELS:

Maintain Buy with target price of Rs 980, Management alluded to the scale-up and transformation over the past 8 years, Focus on topline diversification to hedge cyclicality, Reaffirmed positive demand-supply hospitality cycle in India.

International Markets:

U.S & Europe:

*As per 16^th June.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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