Research Report : Indian Financial Markets Outlook - 26th June 2025

Ravi Bhatt

Sebi Registered Research Analyst - INH000012591

Website - www.capsavaj.com

Markets turns cautious as Trump tariff deadline approaches

Markets in Asia-Pacific turned negative on Thursday morning. Earlier, share indices rose tracking an advance in the technology stocks on the back of Nvidia Corp's high. But suddenly, the KOSPI and CSI 300 were trading 2.16% and 0.20% down, respectively. The Hang Seng was down 0.64% in the morning worried about US trade tariff deadline getting nearer. US futures were trading slightly lower in Asia session.

Market participants are cautious as they braced for a July 9 deadline for trade deals with the USA. On Wednesday, US share indices ended on a mixed note with the S&P 500 ending near record high. Technology stocks lifted the Nasdaq Composite index. The GIFT Nifty was trading 0.09%, or 21.50 points higher at 25,306.50, which implied a higher open for the benchmark Nifty 50.

Fundamental Update

• Greenzo Energy – The company has received order worth ₹320 crore from Oswal Energies. Positive

• Coal India - Coal India's coking coal output falls 9% to 4.53 million tonne in May. Negative

• Raymond Realty – The company eyes 30% rise in FY26 sales on robust housing demand. Positive

• Reliance Defence – The company has secured Rs 600 cr export order from Rheinmetall Germany. Positive

Technical Update

• NIFTY - The Nifty index regained upside momentum to settle at 25,244 on Wednesday. Index turned positive as crude oil prices eased further, reducing burden on Indian economy. Index is likely to march towards 25,350 during the day. Today’s range – 25,050 – 25,350.

• BANKNIFTY - Bank nifty too made marginal gains to settle at 56,621 on Wednesday. Index has near term resistance at 56,900 and 57K while index seem well supported at 56,280 and 56,000 (17 day EMA) in the near term. Today’s range – 56,250 – 57,000.

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.