Market View 27th June, 2025

View on market: Volatility persists, eagerly searching for growth

Asian markets began the day on a positive note, with most major indices showing gains. Japanese and Australian stocks advanced strongly, supported by easing global tensions and rising hopes for interest rate cuts by the US Federal Reserve. European futures also pointed higher, while Hong Kong markets remained flat. In India, the stock market saw solid gains, led by strong performances from financial companies. Banking and finance shares rose sharply, pushing the main indices to new highs. Shriram Finance and Jio Financial Services were among the top gainers of the day. US markets also continued their upward trend. The S&P 500 moved closer to record levels, while technology and industrial stocks saw good momentum. Despite mixed economic signals, investor confidence remained strong, especially with falling bond yields and a weaker dollar fueling optimism that the Federal Reserve may cut rates later this year. Global market sentiment improved overall, with easing geopolitical concerns and positive investor outlook supporting equity markets worldwide.

Economic Calendar:

• USD: PCE Price Index Data (May) on 27^th June 2025.
• IND: Foreign Reserves USD on 27^th June 2025.
• USD: S&P Global Manufacturing PMI (June) on 01^st July 2025.

IPO Watch:

Brokerage Radar:

UBS ON PNB HOUSING:

Initiate Buy with target price of Rs 1,300, A turnaround story with reasonable valuations, Mid-teen AUM CAGR supported by product expansion, Expanding distribution in mid-segments to aid loan growth.

JEFFERIES ON GAIL:

Maintain Buy; Cut target price to Rs 210 from Rs 218, Transmission tariff hike likely soon, GAIL is hopeful of ~20% hike in transmission tariffs that PNGRB is likely to notify in its next board meeting, A 10%/20% tariff hike should result in transmission ROCES reaching double-digits, This will support valuation multiple expansion.

BOFA ON SWIGGY:

Maintain Underperform with target price of Rs 330, Quick Commerce: focus on growth, consolidation and product categories, Food delivery: Will rush into new growth opportunities, Ecosystem approach drives synergies, cost optimizations.

NOMURA ON DIXON TECH:

Maintain Buy with target price of Rs 21,409, Smartphone demand tailwinds from stronger exports, Management remains confident of achieving 60-65 million smartphone volumes in FY27, Dixon is confident of achieving 30%-70% share of business of key customers such as Xiaomi, Oppo and Vivo.

International Markets:

U.S & Europe:

*As per 27^thJune.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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