I. Market Overview & Global Cues
The Indian market ended largely flat yesterday (June 18, 2025), with the Nifty and Sensex closing slightly lower amidst profit booking and mixed global cues. While US futures are showing slight gains this morning, Asian markets are broadly in the red. The ongoing geopolitical tensions in the Middle East and the US Federal Reserve’s stance on interest rates remain key factors influencing global sentiment.
II. GIFT Nifty Position
As of early morning IST on June 19, 2025 (around 6:35 AM), GIFT Nifty futures were trading around 24,771, down by approximately 55 points. This indicates a negative to flat opening for the Indian market today, suggesting a cautious start.
III. Nifty 50 Support and Resistance Levels
- Resistance:
- Immediate: 24,900 – 25,000 (Highest Call writing at 25,000)
- Stronger: 25,060 – 25,200
- Support:
- Immediate: 24,750 – 24,780 (Highest Put writing at 24,700)
- Stronger: 24,600 – 24,725
- Deeper: 24,500
IV. Bank Nifty Support and Resistance Levels
- Resistance:
- Immediate: 56,000 – 56,150 (Highest Call writing at 56,000)
- Stronger: 56,400 – 56,600
- Support:
- Immediate: 55,500 – 55,600 (Highest Put writing at 55,500)
- Stronger: 55,000 – 55,199
V. FII and DII Data (as of June 18, 2025)
- FII (Foreign Institutional Investors):
- Equity Cash Segment: Net Buy of ₹890.93 Crores (A positive shift after days of selling)
- Derivatives (Index Futures):
- Buy Contracts: 19,659
- Sell Contracts: 17,399
- Net Position (Change in Open Interest): Net Long (FIIs bought more Index Futures contracts than they sold, showing a shift towards long positions)
- Open Interest: 170,964 contracts (total)
- DII (Domestic Institutional Investors):
- Equity Cash Segment: Net Buy of ₹1,091.34 Crores
Summary of FII/DII Data: On June 18, FIIs turned net buyers in the equity cash segment and also increased their net long positions in Index Futures. This is a significant positive change in sentiment from FIIs, complementing the continued strong buying by DIIs in the cash market.
VI. News and Updates
- US Federal Reserve Meeting Outcome: The Federal Reserve, as widely expected, kept the federal funds rate unchanged. Policymakers maintained a cautious approach but still anticipate two rate cuts later in 2025, with modest adjustments projected for 2026 and 2027. This clarity could provide some stability.
- Geopolitical Tensions: The Middle East tensions (Israel-Iran conflict) and volatility in oil prices continue to be watched closely.
- IPOs & Listings:
- Siemens Energy shares are set to list today after the demerger from Siemens. Jefferies expects it to be India’s largest pure-play T&D equipment company.
- Monolithisch India IPO (SME) will list today.
- Arisinfra Solutions IPO (Mainline) and Influx Healthtech IPO (SME) will enter Day 2 of subscription.
- An IPO rush is gathering steam, with 8 companies expected to raise over ₹26,000 crore by July-end, including HDB Financial Services (₹12,500 crore issue expected).
- SEBI Updates: SEBI plans new measures to simplify the voluntary delisting process for PSUs and has mandated certain shareholders to hold shares in dematerialized form before IPO filings to enhance transparency.
- Specific Stock News:
- Jio Financial Services: Acquired 7.91 crore shares of Jio Payments Bank from SBI, making Jio Payments Bank a wholly-owned subsidiary.
- Hero MotoCorp: To unveil its Vida Vx2 electric scooter with a new ‘Battery-as-a-Service’ (BaaS) model.
- Abbott India: Signed a strategic distribution pact with MSD Pharmaceuticals for oral anti-diabetes medicines in India.
- Zydus Lifesciences: USFDA inspection at its oncology injectable facility concluded with two observations, none related to data integrity.
- Aavas Financiers: Board approved raising up to ₹200 crore via private placement of NCDs.
- Infosys: Partnered with Adobe to drive AI-led marketing solutions.
- F&O Ban: ABFRL, BSOFT, CHAMBLFERT, CDSL, HINDCOPPER, IEX, IREDA, MANAPPURAM, RBLBANK, TITAGARH are likely to remain in the F&O ban for today.
VII. Key Factors to Watch Today:
- GIFT Nifty’s Early Indication: The negative opening indicated by GIFT Nifty suggests a cautious start.
- Asian Market Performance: The broader weakness in Asian markets could weigh on Indian indices.
- Oil Prices: Any significant movement in crude oil prices due to geopolitical developments.
- FII Flows: While FIIs turned net buyers yesterday, sustained positive flows will be crucial. Their activity in derivatives, especially the shift to net long in index futures, bears close watching.
- Siemens Energy Listing: The performance of the newly listed Siemens Energy will be a focus.
- Sectoral Rotation: Keep an eye on which sectors show strength. Yesterday saw some decline in IT stocks after a rally, but auto and consumer discretionary gained.
Disclaimer: This report is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.