Market View 25th June, 2026

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

Global markets remained positive as investor sentiment improved following easing tensions in the Middle East. Most Asian markets traded higher, led by strong buying in South Korea and Japan, reflecting growing confidence across the region. However, Australian markets witnessed mild weakness amid cautious trading. US markets also ended in the green, supported by a recovery in technology stocks after recent selling pressure. Lower crude oil prices further boosted sentiment, helping investors focus on growth opportunities rather than geopolitical concerns. Indian equity markets staged a strong rebound after the previous session’s decline. The sharp fall in crude oil prices eased concerns related to inflation and import costs, encouraging broad-based buying across sectors. Both benchmark indices recovered a major portion of earlier losses and closed with healthy gains. Overall, the decline in oil prices, improving global risk appetite, and easing geopolitical worries provided strong support to equity markets worldwide. Investor sentiment remains constructive, with market participants closely tracking global developments and economic indicators for further direction.

Economic Calendar:

• USD: PCE Price Index and GDP Growth Rate and Continuing & Initial Jobless Claim Data on 25^th June 2026.
• IND: Bank Loan & Deposit Growth Rate and Foreign Reserves on 26^th June 2026.
• USD: House Price Index Data on 30^th June 2026.
• IND: Industrial Production Data on 29^th June 2026.

BROKERAGE RADAR:

GOLDMAN SACHS ON KAJARIA:

Target ₹1330 Earlier Target ₹1170 Recommendation Accumulate, Benefit of brand and diversified manufacturing footprint to continue for sometime, First time in last 3 years, Kajaria is operating in a positive environment, Volume growth is visible; pricing is moving in its favour; and expect market share to increase.

CLSA ON HERO MOTO:

Target ₹5728 Recommendation Outperform, Negatives seems to be well priced in, Hardly any correlation of Hero Moto volume vs El Nino as against narrative, Positive volume growth, barring covid & regulatory disruptions, Track record of delivering >14% EBITDA margin, barring covid years, Risk-reward has turned highly favourable.

BOFA ON NESTLE:

Target ₹1355 Earlier Target ₹1320 Recommendation Underperform, FY26 Annual Report points to strong, but uneven recovery, Parent alignment visible; India execution – a big focus, Sustaining growth momentum key; Valuations -very rich.

MORGAN STANLEY ON FINANCIALS:

Changes to group exposure norms for PSU NBFCs likely to have manageable impact, These limits largely apply to large group exposures within private sector exposures, Government sector large group exposures could get covered via state guarantees, Group exposure limit is now set at 45% of tier-1 capital, Breaches, as of date of new guidelines shall be permitted to run off till maturity.

International Markets:

U.S & Europe:

*As per 25^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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