Research Report : Indian Financial Markets Outlook - 24th June 2025

 

Ravi Bhatt

Sebi Registered Research Analyst - INH000012591

Website - www.capsavaj.com

Market cheer over Trump’s announcement of ceasefire between Iran – Israel

Asian markets welcome ceasefire news and Hong Kong’s Hang Seng Index increased by 0.3% while Japan’s Topix index moved higher by 1%.. US stock-index futures too advanced after Donald Trump stated that Israel and Iran had agreed to a temporary ceasefire, raising expectations that tensions in the Middle East may ease. Futures linked to the S&P 500 rose 0.5% on Tuesday, with equities opening in positive territory in both Japan and Australia.

The US dollar declined against all major currencies in the Group-of-10, and US Treasury future. Oil prices, particularly West Texas Intermediate crude, dropped by up to 6% in early trading across Asian markets after Trump published the statement on his Truth Social platform. The comment followed Iran’s missile attacks on a US military facility in Qatar, which were largely viewed as symbolic. The GIFT Nifty traded 0.45% higher at 25,162.00 as of 6:55 am, signalling a positive start to Indian equities.

Fundamental Update

• TVS Motors - The company announced the launch of the all new TVS HLX 150 5G in the Republic of Congo. Positive

• ITI - The Company received a final tranche of Rs 25 crore from C-DOT, as part of executed sale agreement between ITI and C-DOT. Positive

• Lemon Tree Hotels - The Company signed a new 47-Room Property in Punjab. Positive

• Tata Motors - The Company revealed the introductory pricing of the Harrier.EV for the rear-wheel drive variants. Positive

Technical Update

• NIFTY – The Nifty index recovered after early slump to settle at 24,971 on Monday. Index turned negative or Middle East geopolitical risk however close above 17 day EMA is positive signal. Today’s range – 24,900 – 25,200.

• BANKNIFTY – Bank nifty too recovered after early fall to close at 56,059 on Monday. Index has taken support at 17 day EMA 55,870 while 56,500 remain near term resistance. Today’s range – 55,800 – 56,500.

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