Market View 18th June, 2026

View on market: Volatility persists, eagerly searching for growth:

Global cues remained mixed. US equity futures traded higher, while European markets slipped. The US Federal Reserve kept its benchmark interest rate unchanged at 3.5%–3.75% for the fourth consecutive meeting. However, the central bank signalled a cautious stance and indicated that interest rates could stay higher for longer as it evaluates the inflation impact of the Iran conflict. This weighed on Wall Street, with stocks ending lower, bond yields rising, and the US dollar strengthening. Asian markets opened largely positive after the US and Iran signed a peace deal, improving investor sentiment. Gains were led by Japan and South Korea, while a few regional markets traded slightly lower. Indian equities continued their strong momentum and ended higher for the fourth straight session. Benchmark indices closed near their recent highs amid sustained buying interest. India also crossed the significant milestone of a $5 trillion market capitalisation, reclaiming its position as the world’s fourth-largest equity market. Overall, positive domestic sentiment and supportive global developments helped Indian markets extend their gains.

Economic Calendar:

• USD: Fed Press Conference and Continuing & Initial Jobless claim Data on 18^th June 2026.
• IND: Monetary Policy Meetings Minutes and Foreign Reserves on 19^th June 2026.
• USD: S&P Global Composite, Manufacturing and Services PMI Data on 22^nd June 2026.
• IND: Infrastructure Output on 22^nd June 2026.

BROKERAGE RADAR:

CITI ON TITAN:

Target ₹5075 Recommendation Neutral, Gold demand has seen a clear divergence between investment and consumption demand, Investment demand ramping up materially in H2FY26, Jewellery consumption demand has seen some softness due to high gold prices and uncertainty, Management indicated momentum remains strong, May not seeing any significant impact except for some deferral around 8-10 days.

CITI ON MAX HEALTH:

Target ₹1240 Recommendation Accumulate, Preparing for a Long Haul, Current Weakness a Buying Opportunity, Improvement in balance sheet and RoCE, despite aggressive expansion, Near-term challenges transient, oncology disruption to be in the base in H1, See 20% EBITDA CAGR over FY26-30.

CLSA ON TATA MOTORS PV:

Target ₹452 Earlier Target ₹468 Recommendation Outperform, Too harsh a reaction, Scope for betterment in guidance lies with commodity price cuts, Believe with commodity price normalisation JLR will lift its guidance, Deviation in JLR’s guidance was largely driven by the nil FCF outlook.

KOTAK SECURITIES ON VEDANTA ALUMINIUM:

Target ₹600 Recommendation Accumulate, Crown jewel set to extend leadership, Leader with longest growth runway, Backward integration to place VAML in 1st decile of global curve, Aluminum: Structural deficit to keep prices firm, Strong cashflows to deleverage and fuel next phase of growth.

International Markets:

U.S & Europe:

*As per 18^th June.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

View on market: Volatility persists, eagerly searching for growth

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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