Market View 25th June, 2025

View on market: Volatility persists, eagerly searching for growth

Asian markets were mostly steady in early trading. While Japan and Australia saw minor losses, futures for Hong Kong’s market showed a small rise, signaling some optimism in the region. Meanwhile, US stock futures stayed flat, and European markets hinted at slight gains. Indian stock markets ended higher, supported by strong performance from major companies like Jio Financial Services and Adani Ports. Both the Nifty and Sensex gained through the day, though they closed below their highest points after some midday profit booking. US markets had a positive session, with both the S&P 500 and Nasdaq rising. The Nasdaq hit a new high for the first time in a few months. The US dollar continued to weaken, and bond prices dropped slightly. This came as tensions in the Middle East began to ease, helping improve investor confidence. Federal Reserve Chair Jerome Powell suggested that interest rate cuts may happen sooner if inflation stays under control, which also supported the upbeat mood in the market.

Economic Calendar:

• USD: GDP (QoQ) (Q1) on 26^th June 2025.
• IND: Foreign Reserves USD on 27^th June 2025.
• USD: Crude Oil Inventories on 25^th June 2025.
• IND: Industrial Production (YoY) (May) on 28^th June 2025.

IPO Watch:

Brokerage Radar:

JEFFERIES ON JSW ENERGY:

Maintain Buy with target price of Rs 700, Surpasses FY25 capacity target of 10 GW set in FY21; FY30 target is 30 GW vs 20 GW earlier, Strategy 3.0 unveiled in FY25 – Building with prudent capital structure, Net debt: EBITDA trajectory improvement, also a re-rating element.

UBS ON MULTI COMMODITY EXCHANGE:

Maintain Buy; Hike target price to Rs 10,000 from Rs 7,000, Favourable market dynamics and new product launches, Key commodities price volatility may drive volume growth, Improving pace and visibility of new product launches.

CITI ON RELIANCE IND:

Maintain buy target price: Rs 1,690, Market Focus On Tariff Hikes Misses Broader Growth Drivers For Jio & Indian Telecom, Forecast 3-Year EBITDA CAGR OF 16% For Jio Platforms, Valued At $135 Bn EV, Non-Tariff Drivers Contribute 6-7% Το Growth.

JEFFERIES ON JSW ENERGY:

Maintain Buy with target price of Rs 700, Surpasses FY25 capacity target of 10 GW set in FY21; FY30 target is 30 GW vs 20 GW earlier, Strategy 3.0 unveiled in FY25 – Building with prudent capital structure, Net debt: EBITDA trajectory improvement, also a re-rating element.

International Markets:

U.S & Europe:

*As per 25^thJune.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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