Pre-Market Report: Indian Market Today (Friday, June 13, 2025)
Global Cues:
- Global sentiment remains highly cautious, largely driven by significant geopolitical developments and concerns in the US market.
- US Futures Down: US stock market futures (Dow, S&P 500, Nasdaq) are indicating a negative open for Wall Street. This decline is largely attributed to investor caution ahead of key US inflation data (CPI and PPI, with PPI data already released yesterday showing a slightly lower-than-expected rise) and concerns around potential renewed tariff threats from President Trump. The prospect of rising inflation could lead to fears of rate hikes or delayed rate cuts by the Federal Reserve, which typically dampens investor sentiment globally.
- Iran Attack Impact: Rising tensions in the Middle East, particularly concerns about a potential Israel-Iran conflict, have significantly rattled global markets. News of Iran’s missile attacks and threats of retaliation has fueled risk aversion among investors. This geopolitical instability often leads to a flight to safety, increasing demand for assets like gold and the US dollar, while putting pressure on equities. Rising crude oil prices due to supply uncertainty in the Middle East are also a major concern for net oil importers like India, as it can exacerbate inflationary pressures and widen the fiscal deficit.
- European indices and other Asian markets were also trading in the red, reflecting the overall risk-off mood.
- The US Dollar Index has seen some fluctuations, and Brent crude futures have been volatile, reacting to the geopolitical headlines.
Gift Nifty Position:
- Gift Nifty (formerly SGX Nifty) is indicating a negative opening for the Indian markets today. As of June 12, 23:22 IST, Gift Nifty was down by 0.83% at 24,997.50. Some sources even reported it down 1.17% earlier, suggesting a potentially weak opening.
Indian Market Last Day (June 12, 2025) Recap:
- Indian benchmark indices ended significantly lower on Thursday. The Nifty 50 slipped 1.01% to settle at 24,888.20, and the Sensex declined 1% to close at 81,691.98.
- Broad-based selling was witnessed across sectors, with auto, consumer durables, FMCG, metals, IT, power, oil & gas, and realty segments all closing lower by 1-2%.
- Mid- and small-cap stocks underperformed, falling more than 1.5% each.
- Pharma stocks showed resilience, with the Nifty Pharma index gaining nearly 1%.
- The Indian Rupee snapped its five-day winning streak, ending 8 paise lower at 85.60 against the US dollar.
- India VIX was up over 4%, indicating increased market volatility.
FII DII Data (June 12, 2025):
- FIIs (Foreign Institutional Investors) were net sellers in the cash segment, with a net outflow of ₹3,831.42 Cr. This outflow is significant and suggests foreign investors are reducing their exposure to Indian equities, likely in response to global uncertainties.
- DIIs (Domestic Institutional Investors) were net buyers in the cash segment, with a net inflow of ₹9,393.85 Cr. DIIs continue to provide crucial support to the Indian market, absorbing some of the FII selling.
FII Long and Short Contracts (Index Futures):
- The latest available data (as of June 12, 2025, from NSDL) shows FIIs in Index Futures:
- Buy Contracts: 17,968.00 (Amount in Crore: ₹3,315.96)
- Sell Contracts: 11,493.00 (Amount in Crore: ₹2,070.33)
- Open Interest: 155,510.00 (Amount in Crore: ₹28,288.67)
- While daily data on June 12 shows a net buy in terms of contracts traded, the larger trend of FII index futures positioning should be monitored. Recent reports (from May 13, 2025) indicated FIIs turning net long in index futures, holding about 22,000 contracts, a shift from being net short. The current daily data on June 12 shows net buying in index futures, which could be an indication of some short covering or fresh long positions, but it’s important to look at the overall open interest to determine their current net position more accurately. The high level of open interest suggests continued activity and positioning by FIIs.
Support and Resistance Levels for June 13, 2025:
Nifty 50:
- Support: 24,830, 24,700, 24,600-24,700 (aligning with 20-day EMA and a rising trendline), 24,500.
- Resistance: 25,000, 25,080, 25,163, 25,300, 25,500.
- Nifty Max Pain: 25,100
- Nifty PCR (Put Call Ratio): 0.7352 (indicating bearish sentiment)
Bank Nifty:
- Support: 56,000-55,800 (immediate support zone), 55,613, 55,500, 55,322, 55,200-55,500.
- Resistance: 56,400, 56,500 (essential to resume bullish momentum), 56,552, 56,843, 57,000, 57,700.
- Bank Nifty Max Pain: 56,000
- Bank Nifty PCR: 0.9262
News and Updates:
- Air India Plane Crash: A passenger plane crash near Ahmedabad involving an Air India Boeing 787 Dreamliner led to a fall in Boeing shares and contributed to market sentiment on Thursday.
- SEBI Measures: SEBI has brought in more checks for investors via valid UPI handles to curb frauds.
- InvITs’ AUM: InvITs’ AUM is projected to triple to ₹21 trillion by FY30, indicating potential growth in infrastructure and related sectors.
- Thematic Funds Cool-off: Inflows into sectoral and thematic mutual funds have declined sharply in 2025 amid rising equity market volatility.
- Good Monsoon: A good monsoon may drive 10-15% earnings growth in agri-linked sectors in H2 FY26.
- HDB Financial Services IPO: HDB Financial Services is eying a mid-July launch for its ₹12,500-crore IPO.
- CE Info Systems (MapMyIndia): PhonePe Private Limited is set to divest up to 5% of its holdings in CE Info Systems, valued at roughly ₹476 crore, with a floor price of ₹1,750 per share.
Market Outlook: The Indian market is expected to open with a significant negative bias today, driven by a combination of weak global cues, falling US futures, and escalating geopolitical tensions in the Middle East due to the Iran-Israel conflict. The previous day already saw broad-based selling and profit booking, intensified by these global factors. Investors will likely remain highly cautious, awaiting fresh clarity on the geopolitical situation and upcoming US economic data. Volatility is expected to remain high. The key will be if the Nifty can hold its crucial support levels to prevent further downside amidst the prevailing risk-off sentiment. Crude oil price movements will also be a critical factor to watch.