Market View 18th June, 2025

View on market: Volatility persists, eagerly searching for growth

US equity futures and Asian markets declined following a drop on Wall Street the previous day. The downturn came after weaker economic data from the US raised fresh concerns about economic growth. This pushed investors to move towards safer assets like government bonds, especially with the Federal Reserve’s policy decision approaching. In India, major stock indices also fell, led by declines in heavyweight stocks like HDFC Bank and Reliance Industries. The overall market mood remained cautious as global growth worries weighed on investor sentiment. On Wall Street, all three key indices closed lower. The drop was driven by softer US economic indicators, which made investors nervous about the health of the economy. This led to a selloff in equities as traders shifted focus to the upcoming Fed policy meeting. Overall, markets across regions showed signs of caution, reflecting growing uncertainty about the global economic outlook and central bank actions in the near term.

Economic Calendar:

• USD: Monetary Policy on 18^th June 2025.
• IND: Bank Loan and Deposit growth rate on 20^th June 2025.
• USD: Initial and Continuing Jobless Claims Data on 19^th June 2025.
• IND: Foreign Reserves  on 20^th June 2025.

IPO Watch:

Brokerage Radar:

UBS ON BSE:

Maintain Buy with target price of Rs 2,633, New expiry day can impact BSE’s market share gain momentum, Change in expiry mathematically can impact 15% of volumes on loss of one trading day for BSE, We expect gain in volumes on non-expiry day for BSE negating some loss of volumes due to change in expiry day.

CITI ON TRENT:

Maintain Buy with target price of Rs 7,600, 200 store expansion per year likely doable ensuring quality/experience, economics and location, New stores reach very high throughput/maturity within 12-24 months of opening, Majority of the SSSG for Trent is volume driven as Trent does not take price hike.

UBS ON VOLTAS:

Maintain Buy with target price of Rs 1,725, Pricing not seeing a disruption but higher value added being offered, Despite weak demand capex plans on track; VoltBek JV performing well, RAC to remain a fastest growing category albeit a non linear growth.

JEFFERIES ON ADANI PORTS:

Maintain Buy with target price of Rs 1,700, Targets to be among the world’s largest integrated transport utility companies by 2030, Annual report reiterates focus on having a strong presence in South East Asia- India-Middle East-Africa Corridor.

International Markets:

U.S & Europe:

*As per 18^th June.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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