Research Report : Indian Financial Markets Outlook - 16th JUNE 2025

Ravi Bhatt
Sebi Registered Research Analyst - INH000012591
Website - www.capsavaj.com

Oil price remained elevated as Israel – Iran conflict continues

Asia – Pacific markets rose on Monday morning seeing a pullback from the losses in the previous sessions. Additionally, investors sought refuge in safe-haven assets like gold and oil as Israel and Iran continued attacks on each other over the weekend. Equity-index futures for the S&P 500 rose 0.1%, while Asian markets also rose on Monday. The Israeli Air Force launched an attack on the giant South Pars gas field after strike on Iran’s nuclear sites. 

The GIFT Nifty was up 0.16% at 24,780 in the morning, signaling a positive start to Indian markets today. Foreign portfolio investors remained net sellers of Indian equities for the third straight session, offloading stocks worth Rs 1,263.52 crore, according to the provisional data from NSE. Domestic institutional investors continued to stay net buyers for the 21st straight session as they obtained equities worth Rs 3,041.44 crore.

Fundamental Update

• ITC - The company acquired Sresta Natural Bioproducts for an upfront consideration of Rs 400 crore. SNBPL has become a wholly owned subsidiary of the company post-acquisition. Positive

• Yes Bank - Moody’s upgraded the bank ratings to Ba2 from Ba3 and changed the rating outlook to stable from positive. Positive

• Natco Pharma - The USFDA, in its inspection from June 9 to June 13 at the API manufacturing plant located in Hyderabad, concluded with one observation in form-483. Positive

• Tata Motors - Moody’s raised Jaguar Land Rover’ rating to Ba1 from Ba2 and revised outlook to positive. Positive

Technical Update

• NIFTY – The Nifty index recovered after early slump on Friday to settle at 24,718. Index sentiments were battered after increased geopolitical risks in Middle East. Index likely to trade in range with resistance at 17 day EMA of 24,825. Today’s range – 24,550 – 24,850.

• BANKNIFTY – Bank nifty too recovered to 55,527 after early weakness on Friday. Index has taken support at 55K while 17 day EMA of 55,825 is near term resistance. Today’s range – 55,000 – 56,150.

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