Market View 11th June, 2025

View on market: Volatility persists, eagerly searching for growth

Asian stocks saw a slight increase as Chinese and US officials expressed optimism after the second day of trade talks in London. The discussions focused on reducing tensions, especially around rare earth exports and technology licenses. US officials indicated that some export controls might be eased if certain issues are resolved. This positive tone helped improve global market sentiment. President Trump’s decision to delay new tariffs also supported the rebound in global stocks since April. Countries like Japan and India are continuing efforts to reduce trade barriers. In India, the stock market remained mostly steady. The BSE Sensex ended its recent upward trend, while the NSE Nifty made only a small gain. In the US, markets responded positively to encouraging updates from trade talks. Wall Street rose modestly, with gains seen across major indexes. Investors are hopeful that progress in the negotiations will lead to reduced trade tensions and more stable market conditions in the coming weeks.

Economic Calendar:

• USD: Core CPI (MoM) (May) on 11^th June 2025.
• IND: CPI (YoY) (May) on 12^th June 2025.
• USD: PPI (MoM) (May) on 12^th June 2025.
• IND: Import and Export Data on 13^th June 2025.

IPO Watch:

Brokerage Radar:

MORGAN STANLEY ON ASIAN PAINTS:

Remains underweight with target price of Rs 1,909, Believes share price will fall relative to the country index over the next 60 days, Expect the de-rating in multiples to continue, Expect Asian paints to lose 209bps of market share from the overall decorative paints.

DAM CAPITAL ON BANSAL WIRE INDUSTRIES:

TARGET Rs 481 POTENTIAL 24% RECOMMENDATION BUY, Expect 35% EBITDA CAGR over FY25-27 driven by 62% volume growth from new Dadri facility, Company Venturing into high margin steel cords and other speciality products.

CITI ON LIFE INSURERS:

Growth picked up sequentially, Axis Max Life and HDFC Life grew faster among listed life insurance companies, Growth for ICICI Prudential Life was weak, Tweak in cost of equity and value of new business multiple led to target price changes, HDFC Life target price revised to Rs 935 from Rs 870 earlier, ICICI Prudential Life target price revised to Rs 690 from Rs 650 earlier, SBI Life target price revised to Rs 2,380 from Rs 2,150 earlier. Life Insurance Corp, of India’s target price revised to Rs 1,320 from Rs 1,300 earlier.

JEFFERIES ON MAY MUTUAL FUND DATA:

Equity flows fall on higher redemptions, while SIPs remain stable. Equity lumpsum net outflows were recorded at Rs 1,200 crore, marking the first fall since July 2023. Net flows across key categories were lower, with large-caps seeing a 53% fall.

International Markets:

U.S & Europe:

*As per 11^th June.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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