Amid Middle East tensions, Nifty is struggling around 25,000. Rupak De suggests a 'buy on dips' strategy above 24,850. NSE option traders will adjust strategies with expiry day changes. BSE options may capture post-policy moves better. A catch-up rally is expected in mid and smallcaps.
Ram Medury of Maxiom Wealth advises caution in midcaps, smallcaps, and IT. He believes these sectors are becoming overheated. While the broader market looks good for the second half of 2025, investors should be careful. RBI rate cuts may boost banks, autos, and real estate. Geopolitical risks and trade talks remain relevant. Defence and consumer durables sectors may perform well.
Indian IT stocks, including Infosys, Wipro, and TCS, experienced a decline following Accenture's Q3 results, despite the latter exceeding revenue expectations. Investor concerns arose regarding future demand trends and overall sector sentiment, overshadowing positive AI-driven service growth. The sell-off was also influenced by flagged headwinds from a sluggish U.S. federal contracting environment.
In the Nifty 200 pack, 10 stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on June 20, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
Patil Automation, a Pune-based automation and robotics solutions provider, is set to debut on the NSE SME platform following a highly successful IPO that was oversubscribed by 101.42 times. The IPO, consisting of a fresh issue of 58 lakh shares, saw strong interest from various investor categories, with proceeds earmarked for a new manufacturing facility and debt repayment.
Israeli stocks surged to record highs following U.S. strikes on Iranian nuclear sites, perceived by investors as a significant step in preventing Iran's nuclear weapons development. The Tel Aviv 125 index climbed 1.8%, marking a nearly 8% gain for the week, while the TA-35 rose 1.5%.
Oil prices surged to a multi-month high after the U.S. joined Israel in strikes against Iran's nuclear facilities, escalating Middle East tensions. Concerns are mounting over potential supply disruptions, particularly the closure of the Strait of Hormuz, a critical chokepoint for global crude shipments. Analysts caution that the geopolitical risk premium may be short-lived without actual supply losses.
Nifty is approaching a critical level around 25,200. Analysts suggest a potential rise towards 25,700-25,900 if it breaks through. Support remains strong at 24,500. Experts recommend focusing on stocks like Mahindra & Mahindra and Bharat Electronics Limited. Banking and IT sectors are also showing promise. Geopolitical uncertainties may still cause market volatility. Traders should monitor key support and resistance levels.
Overseas funds reduced investments in some sectors this June. Fast-moving consumer goods saw the biggest selloff. Power sector also experienced significant outflows. Financial services received substantial inflows. Interest rate cuts by RBI boosted financial sector investments. Geopolitical tensions and trade issues may affect future flows. Chemicals, oil & gas, and capital goods saw some investment.
US strikes on Iranian nuclear facilities inject uncertainty into a weakening global economy. Downgraded growth forecasts from major financial institutions are now threatened by potential oil price surges and trade disruptions stemming from escalating conflict. Analysts anticipate further escalation and rising inflation, compounded by looming tariff deadlines, posing significant economic risks.
