Research Report : Indian Financial Markets Outlook - 19th June 2025

 

Ravi Bhatt

Sebi Registered Research Analyst - INH000012591

Website - www.capsavaj.com

Fed Reserve holds interest rate steady, markets remain muted

In the morning session, US equity futures edged lower alongside declines in Asian markets, following Wednesday’s selloff on Wall Street after Federal Reserve Chair Jerome Powell on Wednesday said he expected inflation to pickup in the coming months. Japan’s Topix index was down 0.6% while Australia’s S&P/ASX 200 slipped 0.2%. The Fed left the rates unchanged in its meeting and indicated that there could be two further cuts this year.

The GIFT Nifty fell 0.21% to 24,810 in the morning, signning a negative start to the Indian equities. The FOMC decided to keep rates unchanged at the 4.25-4.5% range for the fourth time in a unanimous decision Foreign portfolio investors remained net buyers of Indian equities for the second consecutive session on Wednesday, mopping stocks worth Rs 891 crore, according to the provisional data from the National Stock Exchange.

Domestic institutional investors continued to stay net buyers for the 24th straight session as they obtained equities worth Rs 1,091.3 crore, the data showed.

Fundamental Update

• Vodafone Idea - The company signed an agreement with AST Spacemobile to expand mobile connectivity and bring direct-to-device satellite broadband connectivity. Positive

• Garware Technical - The company incorporated wholly owned subsidiary Garwares Technical Fibres AS in Norway. Positive

• ESAF Small Finance Bank - The bank approved the proposal for sale of NPA, written-off loans to Asset Reconstruction Company. Positive

• Inox Green Energy - Promoter Devansh Trademart further acquired 30,000 shares of the company via open market transactions. Positive

Technical Update

• NIFTY - The Nifty index dragged lower amid weak sentiments to settle at 24,812 on Wednesday. Index hovers near 17day EMA of 24,837. Today’s range – 24,700 – 24,950.

• BANKNIFTY - Bank nifty regained early losses to close marginally higher at 55,828 on Wednesday. Index continues trade in narrow range. Today’s range – 55,250 – 56,050.

Disclaimer: This report is prepared by an analyst who has exercised due diligence in checking the correctness and authenticity of the information before publishing research report. We shall not be in any way responsible for any loss or damage in analysis or views obtained from the use of information contained in this report and especially states that we have no financial liability whatsoever to the user of this report.