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June 17, 2025

Daily Morning Report Date: 17.06.2025
NIFTY OUTLOOK: 24946.50 FII: -2539.42 cr DII: 5780.96 cr
As discussed yesterday, market behaviour remained on expected lines, as buying support took Nifty to 24967 after successfully crossing 24786.
A long bullish candle on the daily chart suggests sustained buying and positive sentiment. If the index breaks above 25013, it may rally towards 25079 to 25147. On strong demand, it may even test 25214.
On the downside, 24879 to 24813 may act as immediate support. A break below this zone could drag Nifty towards 24746 to 24677.
Bank Nifty OUTLOOK
SPOT: 55944.40 PCR: 0.74 Max CE OI: 56000 Max PE OI: 56000
On 16th June 2025, Bank Nifty closed at 55944.40, up 0.99% from the previous day. The index moved 618.40 points during the session, with a high of 55999.85 and a low of 55381.45.
Technical View (Daily Chart):
Key support and resistance levels are at 55010 and 56050 respectively.
Trading Strategy:
Go Long above 56100 with SL 55900 and target 56500
Go Short below 55600 with SL 55800 and target 55300
RSI: 55.30 (Below 30 = oversold, Above 70 = overbought)
Bank Nifty Day SMA Analysis:
Bank Nifty is trading above 6 out of 8 SMAs (20, 30, 50, 100, 150, 200-day).
It is trading below 2 out of 8 SMAs (5, 10-day).
A bullish candlestick pattern has been identified in Bank Nifty.
• Closing Marubozu Uptrend
Macros.
1.Dollar index @ 97.785
2.Vix @ 19.11
3.Brent @ 73.58
4.10 Years US bond yield @ 4.423
Note:
U.S. stock index futures fell Monday evening after President Donald Trump issued a stern warning to Iran amid escalating conflict with Israel, keeping geopolitical sentiment fragile. This marks one of the worst flare-ups between the two nations in over 30 years.
Adding to the pressure, the U.S. Senate budget bill proposes cuts to solar and wind incentives, while extending tax credits for hydropower, nuclear, and geothermal until 2036. Solar credits will phase out by 2028, which is negative for green energy companies. Solar stocks declined.
Focus now shifts to key U.S. economic data, including retail sales and industrial production due Tuesday.
Conclusion:
Markets are currently ignoring the Middle East conflict, now in its fourth day and intensifying. Caution is advised—avoid aggressive buying.
Contributed by
Ashok bhandari : INH000019549
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Bikewo partners with Flipkart's Instakart for pan-India last-mile delivery using 1300+ green vehicles.
@beatthestreet10
BIG BREAKING NEWS: Iran's Supreme Leader Ali Khamenei has been relocated from Safe location to EXTREMELY Safe Location.
MOSSAD has reportedly discovered his hiding place.
Ali Khamenei is very scared. Iran common people are also angry with him.
Israel can launch operation at any moment in order to defend itself.
IRAN'S REVOLUTIONARY GUARDS SPOKESMAN SAYS IRAN'S STRIKES AGAINST ISRAEL WILL CONTINUE UNTIL MORNING
@beatthestreet10
IRANIAN AIR DEFENCES THWART ATTACK ON IRANIAN SOUTH PARS GAS FIELD - IRANIAN FARARU NEWS WEBSITE REPORTS
@beatthestreet10
Zydus Wellness : Large Trade
46.27 lk shares (7.3% eq) worth ₹879 cr change hands at ₹1,900/sh in block deal window
@beatthestreet10
GOVT SOURCES Says India-US trade cannot be doubled without reducing tariffs
Working on an early trade tranche
Aim to conclude the early tranche before July 9
India and the US are discussing tariff cuts and improved market access
India seeking better market access for labor-intensive products
Government monitoring the impact of 50% steel & aluminum and 25% auto tariffs
Auto components sector not seeing significant impact yet
Impact may emerge if certain countries receive exemptions
US trade negotiators visited India from June 4-10
Discussions included market access, tariff and non-tariff barriers
Topics also covered: digital trade, technical barriers, legal framework, and customs facilitation - EST NOW
@beatthestreet10
DBS Bank CEO Says Supply pressures cannot cause permanent pressure on global commodities - ET NOW
Supply issues can lead to short- to medium-term pressures
It is unlikely that the Fed will turn hawkish
The early impact of tariffs is muted
Uncertainty will keep the Fed in a wait-and-watch mode
If conditions improve, the Fed might cut rates twice this year
The "Long India" narrative remains intact
With expected rate cuts in India, growth is likely to accelerate further
India continues to be favorably viewed by global investors
Indian valuations appear expensive compared to other markets
The U.S. lacks the bandwidth to sign detailed tariff agreements with every country
@beatthestreet10
STANDARD GLASS ; Standard Glass Lining Expands Capacity with New S2 Unit-5 Facility - Investor Presentation
New Unit Commissioned: 1,00,000 sq ft S2 Unit-5 inaugurated to boost metal division output.
Capacity Addition: Focus on increasing production of dryers, filters, reactors, and receivers.
Strategic Alliance: Shell & Tube Glass Lined Heat Exchanger tech developed with AGI & GL HAKKO.
Market Opportunity: Estimated ₹2,000 crore opportunity in India for new heat exchanger segment.
Advanced Tech Edge: Use of robotic welding and high-precision machining for superior quality.
Net Impact: Positive – Strong manufacturing growth, technology leadership, and high market potential.
@beatthestreet10
ETERNAL , SWIGGY ; Zepto Set to Raise Major Funds, Plans 150 New Dark Stores Next Quarter : ET
Large Funding Round: Zepto is closing a significant capital raise, boosting its war chest.
Aggressive Expansion: Plans to open 150 new dark stores, increasing market penetration.
Rising Competition: Intensifies pressure on Swiggy, Eternal, and other quick-commerce players.
Faster Deliveries Expected: Larger store network may enhance customer experience and delivery speed.
Net Impact: Negative for rivals – Increased competitive threat in quick-commerce segment.
@beatthestreet10
YES BANK; YES Bank Receives ₹78 Cr from Security Receipts Portfolio Trust
Significant Recovery: ₹78 crore received from a single trust, exceeding the underlying carrying value.
Material Disclosure: Triggered SEBI's materiality threshold, indicating notable financial relevance.
Boost to Asset Recovery: Enhances YES Bank’s balance sheet and recovery performance.
Transparency Maintained: Disclosure aligned with SEBI Listing Regulations; info shared on official exchange portals.
Net Impact: Positive – Strengthens recovery profile and signals improved asset performance.
@beatthestreet10
ONGC : Gas leak continues for 5th day in Assam oil well
Co says has deployed a crisis management team
@beatthestreet10
NTPC : Board to meet on June 21 to mull fundraising
@beatthestreet10
AXICADES : Indra Signs Strategic Pact with AXISCADES to Manufacture Advanced Defense Systems in India
MoU Signed at Paris Air Show: Indra and AXISCADES to jointly manufacture aerospace & defense systems in India.
Key Technologies: Production includes TACAN antennas, DME units, and countermeasure systems to protect aircraft from missile threats.
Global & Domestic Focus: Joint product development aimed at Indian and international markets.
Make-in-India Boost: Enhances India's defense manufacturing capabilities and aligns with self-reliance goals.
DRDO Collaborations: Exploring partnerships on DRDO’s MRMR & MMMA aircraft programs.
Net Impact: Positive – Strengthens AXISCADES’ global positioning, deepens defense ecosystem collaboration, and supports India’s strategic sector growth.
@beatthestreet10
Affle ; Co. Retains Bobble Investment as 'Held for Sale'; Receives New Share Offer
Investment Status Unchanged: Affle’s stake in Bobble remains classified as “Held for Sale” under Ind AS 105.
New Share Offer: Received pre-emption offer from Bobble to subscribe to 337 Series D2 CCPS (Compulsorily Convertible Preference Shares).
No Decision Yet: Affle’s Investment Committee has not yet decided on accepting the offer.
Pending Inspection Rights: Final decision hinges on clarity regarding inspection rights requested by Affle.
Net Impact: Mixed – Uncertainty persists around the exit or further investment in Bobble; clarity awaited for next course of action.
@beatthestreet10
DBS BANK: CEO says supply issues won’t cause lasting global commodity pressure.
Fed likely to stay cautious amid uncertainty, with muted tariff impact.
Two U.S. rate cuts possible if conditions improve.
"Long India" story strong; growth may rise with Indian rate cuts.
Valuations high, but investor sentiment remains positive.
@beatthestreet10
YES BANK: Receives ₹78 Cr from Security Receipts Portfolio Trust, exceeding carrying value.
Triggers SEBI’s materiality norms, boosting asset recovery and balance sheet.
Disclosure made per listing regulations.
Positive impact reflects stronger recovery performance.
@beatthestreet10
Zydus Wellness : Large Trade
46.27 lk shares (7.3% eq) worth ₹879 cr change hands at ₹1,900/sh in block deal window
@beatthestreet10
PSU BANKS: Govt to fast-track stake sale in public sector banks.
Merchant banker appointments near final stage.
Up to 20% stake to be sold in 5 banks via QIP, OFS in 6 months.
Includes UCO BANK, BANK OF MAHARASHTRA, CENTRAL BANK, PUNJAB & SIND BANK.
Proceeds to fund banks’ own needs.
@beatthestreet10
News Headlines from Business News Agencies:
Business Standard
Russian oil freight rates to India ease, EU curbs may reverse trend
India's CV industry quietly begins shift to hydrogen-powered vehicles
WPI inflation falls to 14-month low in May as food, fuel prices dip
Nazara launches Pokerverse VR, enters immersive gaming with poker
VinFast scales back India sales target, delays production and bookings
Rajasthan govt plans 2,000 mini buses in Jaipur for transit boost
PSBs see surge in staff productivity as business per employee rises
Omaxe to invest ₹1,000 crore in integrated township near Golden Temple
NTPC working on 20 GW PSPs; aims to commission 5 GW by FY32: Official
Godrej to build homes on 14-acre Bengaluru plot, eyes ₹1,500 cr revenue
Early monsoon dampens fuel demand growth in June; diesel dips 4.8%
Economic Times
Debt recovery in stressed realty projects to rise 1,600 bps this fiscal: Crisil Ratings
Zydus Healthcare appoints Swati Dalal as MD
Hyundai starts engine production at Talegaon facility ahead of full operations
RedBus appoints Livspace's Saurabh Agarwal as finance chief
NSE IX signs MoU with Cyprus stock exchange to boost cross-border market ties
Ultraviolette enters Europe, eyes 35 pc of revenue from global exports by 2028
UltraTech Cement must divest 7% stake in India Cements to meet SEBI norms
Oberoi Group launches 'Elements' Plan to go greener by 2030
Warner Bros. Pictures, Bhanushali Studios Limited and JOAT Films announce a five-film strategic partnership
Mercedes-Benz hints at further price hike in September
Passenger vehicle sales stay flat in May; Utility vehicles drive growth: SIAM
Mint
India well-positioned amid global trade gloom, tariff wars: SBI Capital Markets
India’s goods trade deficit narrows to $21.88 billion in May from year ago
India hopeful of positive outcome from talks over China’s rare earth import issue, says official
Trai moves to rein in spam calls with new digital consent rule
Apple on EU radar again: Tech giant risks fresh charges over App Store curbs
India cenbank seeks market views on aligning call money rate with repo, sources say
Skoda mulling CNG powertrain, new variants for Kylaq SUV
Waterways Leisure Tourism IPO: Cordelia Cruises operator files DRHP with SEBI
JLR holds back revenue guidance, projects hit to profitability in FY26
Airbus eyes to expand A220 jet capacity amid dwindling demand
Meta appoints Arun Srinivas as Managing Director for India effective July 1
GS on BSE
Maintain Neutral; Hike target price to Rs 2,490 from Rs 2,110
STK down 10% over last 4 sessions driven by declining index options premium
Furthermore, index options market share - a source of +ve surprise - has been stagnating over last couple of months at 23-24%, after rising from close to zero over last 2yrs
Volatility and its relationship with options trading is difficult to predict
Upcoming SEBI decision on expiry day of derivatives contract could be a key binary event with ltd upside & notable downside
BSE's reliance on this income stream at 60% is quite elevated
A move to Thursday could see it lose 3pp of share, leading to 13% index options ADP loss, hence posing 8% EPS downside risk
Kotak Inst Eqt on ZEE Ent
Reduce, TP Rs 127
Zee’s board has approved issuance of fully convertible warrants to the promoter group at Rs132/warrant, aggregating to Rs22.4 bn.
On conversion, promoters’ stake will increase to 18.39% from 3.99%
According to Zee, raise serves dual purpose of
1) fortifying core biz & potentially funding value-accretive growth opportunities
2) enhancing promoter stake & accountability
Raise target multiple to 13X (from 12X earlier)
Jefferies on Navin Fluorine
Rating: Buy; target price Rs5,280
Well positioned to monetize ~20bn of capex commissioned in past 3 years by entering into long-term contracts
This should improve asset turns and drive 35% EPS CAGR over FY25-27E
Pipeline of new contracts in specialty chemicals, CDMO and high-performance products (HPP) should fructify in FY26 and provide growth visibility FY28 onwards
Constructive on R32 refrigerant gas despite new capacities; company expects R32 prices to hold up in the near term
Despite its recent run-up, stock has underperformed Nifty by 23% since Jan 2023
Citi On Max Life
Initiate Buy with target price of Rs 1,840
On Track to Deliver Sustainable 17-18% Operating ROEV
Positioned well to gain market share
Diversified product and channel strategy
Operating RoEV to remain strong
MS on Tata Motors
Maintain Equal-weight with target price of Rs 715
Unlike past downcycles, this time JLR is much stronger on all fronts
But earnings turnaround will be gradual and FY26 could see earnings downgrades
MS FY26 EPS estimate is 8% below consensus
FCF is key for low-growth companies
GS on KPIT Technologies
Maintain Neutral with target price of Rs 1,280
Macro pointing to H2 pickup in Auto ER&D
Caresoft expected to become EPS accretive in H2FY26/FY27E
Hybrid vs EV debate not presently cannibalizing KPIT opportunity set
Stable margin expectations in near term
Nomura on CITY Gas Co
MGL– Buy, TP Rs 1680
IGL– Neutral, TP Rs 210
Guj Gas– Reduce, TP Rs 406
Falling APM gas allocation a near-term challenge, manageable through price hikes
EV policies by states to continue pressuring CNG growth
Inclusion of gas under GST could benefit GGL most
CLSA on India Consumer
KFC's and Burger King's strong growth trajectory continues
Believes competitive intensity remains high
Maintain underperform on Jubilant FoodWorks and Westlife
Maintains outperform on Devyani International and Restaurants Brands Asia
Antique on HZL
Hold, target price raised to F489 vs F432
Silver at record levels to support profits
Renewable low-cost power to aid in long-term cost reduction
Operational cash flows to fund capex plans and support dividend payout
Zinc inventory levels at LME warehouses have been declining over the past three months and spot inventory is ~22% below the 5MCY25 average
India's infra investments and growing domestic steel production along with increased uptake of galvanized steel expected to drive ~8% YoY growth in domestic zinc demand in CY25
Silver production capacity targeted at 1,000 tons and MCX silver prices have risen to an all-time high in Jun'25, ~11% above the 5MCY25 average
Revised assumptions for silver price by +5.3%/+10.5% and lead volume by +6.4%/+10.6%, leading to an increase in FY26/27 EBITDA by 2.5%/ 4.7%

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