Market View 12th June, 2025

View on market: Volatility persists, eagerly searching for growth

Asian markets showed mixed trends as investors reacted to fresh trade tensions. The Hang Seng futures rose, while Japanese and European markets saw slight declines. Australian shares made modest gains. The dip in futures for the S&P 500 and Nasdaq 100 followed U.S. President Donald Trump’s announcement of new tariffs set to be enforced soon, which added pressure on global markets. Oil prices climbed due to ongoing tensions in the Middle East. In the U.S., major technology stocks fell, ending a short rally and slightly pulling down key indexes. Despite this, overall market sentiment has stayed strong in recent weeks, with global stock performance stabilizing after earlier declines. The U.S. dollar weakened to its lowest level in over a year. In India, stock markets ended higher, showing resilience despite global uncertainty. Investors continue to watch trade developments closely as they impact global growth and market direction. Overall, cautious optimism remains across major regions.

Economic Calendar:

• USD: Initial & Continuing Jobless on 12^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:

CITI ON HCL TECHNOLOGIES:

Remains Neutral with target price of Rs 1,510, Discretionary spend is subdued BFSI/telecom/tech are doing better for company, Company continues to execute well in a tough environment, Q1FY26 to be in line with past performance.

MACQAURIE ON UNITED SPIRITS:

Target rs 1,250 potential 21% recommendation Underperform, Consumer price hike likely at 15%+ levels, Sharp price hike likely to impact as users lower consumption/consider alternatives, Historically, sharp hikes impact volumes and tax collections negatively.

CITI ON BRITANNIA:

Rates Buy with target price of Rs 5,645, See upside risk to EPS and valuation multiples, Improving market share trajectory and potential margin expansion, Believes Britannia has already taken price corrective measures and is now at a competitive pricing.

CITI ON HINDUSTAN ZINC:

Citi maintains a ‘sell’ rating on Hindustan Zinc with a target price of Rs 400, reflecting a 25% downside. The company announced its first interim dividend of Rs 10 per share for financial year 2026. Citi incorporated an estimated dividend of Rs 15 per share for the financial year 2026.

International Markets:

U.S & Europe:

*As per 12^th June.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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